Grant of Options

07 December 22

Tracsis plc

("Tracsis", or "the Group")

Grant of options

Tracsis, a leading provider of software, hardware, data analytics/GIS and services for the rail, traffic data and wider transport industries, announces that following a meeting of the Group's remuneration committee, on 6 December 2022 it granted 33,710 share options to Chris Barnes, Chief Executive Officer, and 23,015 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 2025 be at least 54.90p, and Total Shareholder Return (TSR) versus AIM peer group is in the top quartile.  Where adjusted diluted EPS for the year ending 31 July 2025 is less than 43.00p, 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:

Ordinary shares of 0.4p held% of issued share capitalLTIP Options held prior to this awardLTIP Options awardedLTIP Options after this award
Chris Barnes11,0830.03%107,50533,710141,215
Andy Kelly--38,77123,01561,786

Tracsis plc | Tel: 0845 125 9162

Chris Barnes, CEO
Andy Kelly, CFO

finnCap Ltd | Tel: 020 7220 0500

Christopher Raggett / Charlie Beeson, Corporate Finance
Andrew Burdis / Sunila da Silva, Corporate Broking

Alma PR | Tel: 020 3405 0205

David Ison / Hilary Buchanan / Joe Pederzolli
tracsis@almapr.co.uk