Business
Result of AGM and Grant of Sh
Result of AGM and Grant of Sh.
About this update from Tracsis Plc
[{"type":"text","content":"\n RNS Number : 3927M Tracsis PLC 28 January 2009 \n\n\nTracsis plc\n\nResult of AGM and Grant of Share Options\n\n\nTracsis plc, (the 'Company') (AIM: TRCS), a provider of labour resource optimisation software for the transport sector is pleased to announce that, at the Annual General Meeting of the Company held today, all resolutions were duly passed.\n\nFurthermore, on 28 January 2009 (the 'Grant Date') John McArthur (Chief Executive Officer), Robert Watson, (Chief Operations Officer) and various employees, were awarded options over ordinary shares of 0.4 pence each ('Options') at an exercise price of 52 pence per share exercisable as to the following amounts after the following periods of time after the Grant Date. \n\n\n\n\n\nPeriod after the Grant Date\n\n\nCumulative Percentage of Options exercisable\n\n\n\n\n6 Months\n\n\n10%\n\n\n\n\n12 Months\n\n\n25%\n\n\n\n\n18 Months\n\n\n40%\n\n\n\n\n24 Months\n\n\n55%\n\n\n\n\n30 Months\n\n\n75%\n\n\n\n\n36 Months\n\n\n100%\n\n\n\n\n\nThe Options were awarded as part of the Company's Enterprise Management Incentive Scheme as detailed in the Company's admission document which is available on the Company's website.\n\nJohn McArthur has been granted 140,000 Options under this arrangement.\n\nRobert Watson has been granted 130,000 Options under this arrangement.\n\nVarious employees of the Company have been granted 635,000 Options under this arrangement.\n\nThere are no further details required under Schedule Five of the AIM Rules for Companies.\n\n\n28 January 2009\nEnquiries:\n\n\n\n\n\nTracsis plc\nJohn McArthur\n\n\n0845 125 9162\n\n\n\n\nHaggie Financial LLP\nNicholas Nelson\nKathy Boate\n\n\n020 7417 8989\n\n\n\n\nZeus Capital\nAlex Clarkson\nBobby Fletcher\n\n\n0161 831 1512\n\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END RAGUWUSRKBRAUAR \n ","length":5338,"tagName":"div"}]