Tracsis grants share options to top executives

LONDON - Tracsis plc, a prominent provider of transport technology solutions, has awarded share options to two of its top executives under its Long Term Incentive Plan (LTIP). On Wednesday, the company's Remuneration Committee granted 82,774 share options to CEO Chris Barnes and 57,046 options to CFO Andy Kelly. These options are tied to stringent performance conditions and are set to become exercisable on December 1, 2027.

The incentive plan is aimed at retaining and motivating the company's senior leadership by aligning their interests with those of the shareholders through challenging performance targets. The options, with an exercise price of 0.4p, are contingent upon the company achieving a minimum 27% compound annual growth rate for adjusted diluted Earnings Per Share (EPS) for the period ending July 31, 2027, compared to the year ending July 31, 2024. Additionally, Total (EPA:) Shareholder Return (TSR) must be in the top quartile relative to a peer group from the AIM market.

Should the company's growth rate for adjusted diluted EPS be less than 17%, and TSR falls below the median of the AIM peer group, none of the options will be exercisable. However, if performance falls between these thresholds, the options will vest on a sliding scale.

Following this award, Chris Barnes holds a total of 153,145 LTIP options, and Andy Kelly holds 105,104, representing 0.15% and 0.04% of the issued share capital respectively. The total number of outstanding options now stands at 841,715, or about 2.8% of the company's current issued share capital.

The LTIP awards were granted away from a trading venue on January 22, 2025, and the details of the transactions were initially notified in accordance with regulatory requirements. These awards are part of Tracsis' strategy to ensure that the leadership team is focused on delivering long-term value to its shareholders.

This report is based on a press release statement issued by Tracsis plc.

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