Business
Grant of Options
Grant of Options.
About this update from Microlise Group Plc
[{"type":"text","content":"\n\n20 June 2025\n \nMicrolise Group plc\n(\"Microlise\", \"the Group\" or \"the Company\")\n \nGrant of Options\n \nMicrolise Group plc (AIM: SAAS), a leading provider of transport management software to fleet operators, announces that the Company has granted options (the \"Options\") over a total of 1,452,472 ordinary shares of £0.001 each in the capital of the Company (\"Ordinary Shares\") to certain of its persons discharging managerial responsibilities (\"PDMRs\") (the \"PSP Options\").\nThe 2025 PSP Options, which are linked to the Company's 2025 financial year will vest on 31 December 2027, subject to the satisfaction of the performance criteria. The PSP Options may be exercised for seven years after vesting at a price of £0.001 per Ordinary Share.\nThe grant of the PSP Options is in line with the Group's remuneration policy and is subject to typical holding, malus and clawback provisions. The resultant Option holdings of the PDMRs are as follows:\n \n\n\n\n\nPDMR\n\n\nRole\n\n\nNumber of Options granted\n\n\nResultant number Of Options held\n\n\n\n\nNadeem Raza\n\n\nChief Executive Officer\n\n\n403,044\n\n\n1,390,821\n\n\n\n\nNick Wightman\n\n\nChief Financial Officer\n\n\n190,280\n\n\n571,082\n\n\n\n\nTrevor McGahan\n\n\nOperations Director\n\n\n141,419\n\n\n471,722\n\n\n\n\nDuncan McCreadie\n\n\nChief Technical Officer\n\n\n139,484\n\n\n464,225\n\n\n\n\nStephen Watson\n\n\nProduct Director\n\n\n127,277\n\n\n421,530\n\n\n\n\nShenny Remtulla\n\n\nStrategy & M&A Director\n\n\n197,986\n\n\n385,692\n\n\n\n\nJackie Mitchell\n\n\nHuman Resources Director\n\n\n117,068\n\n\n384,606\n\n\n\n\nMike Blackburn\n\n\nChief Revenue Officer\n\n\n135,914\n\n\n135,914\n\n\n\n\nTotal\n\n\n\n\n\n1,452,472\n\n\n4,225,592\n\n\n\n\n \nThe performance criteria that apply to the awards are set out below. Once the first threshold has been exceeded, options will vest on a straight-line basis between the target thresholds.\n \n· The vesting of 45 per cent. of such award (the \"Relative TSR Award\") is based on the Company's total shareholder return (\"TSR\") performance over a three-year period from 1 January 2025 relative to the TSR performance of the constituents of the FTSE AIM All Share Index over the same period:\n \n \n \n\n\n\n\nRelative TSR Performance\n\n\n% of Relative...