30 November 2021

Tracsis plc

("Tracsis" or the "Group")

Grant of options

 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.

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.

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.

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.

The resulting interests of Chris Barnes and Andy Kelly in Tracsis plc can be summarised as follows:

Notes to editors: 

-    Rail Technology & Services:  Software and technology/product led business. Develops remote condition monitoring hardware, data acquisition software and safety and risk management software for rail infrastructure providers. Software that solves complex resource, asset optimisation and control problems for Train Operators and Smart Ticketing, Delay Repay and other retail software to improve the customer experience for rail users.

-    Data, Analytics, Consultancy & Events: A largely services led business that focuses on data capture, data analytics, GIS, data insights, consultancy and event traffic management within a range of transport and pedestrian rich environments.  The business provides technology/bespoke products and data that underpins large scale intelligent transport system and smart city planning and decision making.