Business
Grant of options
Grant of options.
About this update from Tracsis Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9540T\n Tracsis PLC\n 30 November 2021\n \n \n \n \n 30 November 2021\n \n \n Tracsis plc\n \n \n (\"Tracsis\" or the \"Group\")\n \n \n Grant of options\n \n \n Tracsis announces that, following a meeting of the Group's remuneration committee, on 29 November 2021 it granted 27,653 share options to Chris Barnes, Chief Executive Officer, and 17,597 share options to Andy Kelly, Chief Financial Officer. \n \n \n This award is part of Tracsis' Long Term Incentive Plan (LTIP) and is designed to retain and motivate Executive Directors whilst at the same time setting challenging performance targets that are specifically aligned with the Group's strategic goals and shareholder interests.\n \n \n The options awarded have an exercise price of 0.4p and are directly linked to performance targets based on Group profitability and Total Shareholder Return relative to an AIM peer group determined by Tracsis' remuneration committee.\n \n \n Full award is only exercisable should adjusted diluted Earnings Per Share (EPS) for the year ending 31 July 2024 be at least 47.82p, and Total Shareholder Return (TSR) versus AIM peer group is in the top quartile. Where adjusted diluted EPS for the year ending 31 July 2024 be less than 33.59p, and TSR versus the peer group is less than the median, no options will be exercisable. For scenarios between the above range, the options will be exercisable on a straight line sliding scale basis.\n \n \n The resulting interests of Chris Barnes and Andy Kelly in Tracsis plc can be summarised as follows:\n \n \n \n \n \n \n \n \n \n Ordinary shares of 0.4p held\n \n \n \n \n % of issued share capital\n \n \n \n \n LTIP Options held prior to this award\n \n \n \n \n LTIP Options awarded\n \n \n \n \n LTIP Options after this award\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Chris Barnes\n \n \n \n \n -\n \n \n \n \n -\n \n \n \n \n 101,269\n \n \n \n \n 27,653\n \n \n \n \n 128,922\n \n \n \n \n \n \n Andy Kelly\n \n \n \n \n -\n \n \n \n \n -\n \n \n \n \n 21,174\n \n \n \n \n 17,597\n \n \n \n \n 38,771\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n \n \n \n \n \n \n \n Tracsis plc\n \n &nb...