Grant of Options
("Tracsis"; the "Company" or "the Group")
Grant of options
Tracsis, a developer and aggregator of resource optimisation, data capture and reporting technologies to the transport industries is pleased to announce that following a remuneration committee meeting that took place on 20 June 2012, the Board has today granted 150,000 share options to the Group's Finance Director, Max Cawthra, in recognition of the significant contribution he has made to the success of the business since joining in September 2010.
The options were granted under the Company's EMI Share Option Scheme which allows Tracsis to grant up to 10% of the Company's issued share capital for the purpose of staff retention and motivation. The options granted have an exercise price of 89 pence per share, that being the market price on 20 June 2012; will vest in 6 month intervals over a period of three years from date of grant and once vested are exercisable at any time for a period of 10 years from the date of grant.
For more information please contact:
John McArthur, Tracsis plc
Tel: 0845 125 9162
Katy Mitchell, WH Ireland Limited
Tel: 0113 394 6618