RNS Number : 4075HAptitude Software Group PLC24 November 2022

Aptitude Software Group plc (the "Company")

Grant of awards under the Company's Performance Share Plan 2016 ("PSP")

On 22 November 2022Aptitude Software Group plc granted awards in the form of options over ordinary shares in the Company ("Ordinary Shares") under the PSP to the following Directors and PDMRs. Each option has an exercise price per Ordinary Share equal to the nominal value of an Ordinary Share.

Director/ PDMR

Role

Number of Ordinary Shares over which award granted

JEREMY SUDDARDS

Executive Director/PDMR (Chief Executive Officer)

98,300

PHILIP WOOD

Executive Director/PDMR (Deputy Chief Executive Officer and Chief Financial Officer)

66,593

ALEX CURRAN

PDMR (Regional Chief Executive Officer, North America)

49,029

NICK NESBITT

PDMR (Regional Chief Executive Officer, International)

45,769

KELVIN LYNCH

PDMR (Chief Operating Officer)

31,622

CHRISTOPHE KASOLOWSKY

PDMR (Chief Product Officer)

39,112

JENNIFER MEAD

PDMR (Chief People Officer)

40,568

Each award has been granted subject to a performance condition based on the Company's Total Shareholder Return ("TSR") over the three year performance period starting on the date of grant relative to the TSRs of the constituents of the FTSE SmallCap Index (excluding investment trusts) and the Company's EPS at the end of a three year performance period ending with 2024. The TSR performance condition accounts for 75% of each award and the EPS performance condition for 25% of each award. Details of the performance conditions are set out below. 

Vesting

TSR Performance Condition (Rank of the Company's TSR against the Comparator Group)

EPS Performance Condition (diluted EPS for the final year of the performance period)

25%

Median

16.4 pence

Between 25% and 100%

Between median and upper quartile

Between 16.4 pence and 18.8 pence

100%

Upper quartile or above

18.8 pence or more

Each award is subject to a further performance condition that the extent of vesting reflects the overall financial performance of the Company over the performance period.

The awards granted to Jeremy Suddards and Philip Wood will, ordinarily, vest on the second anniversary of the date on which the Company's Remuneration Committee determines the extent to which the TSR performance condition has been satisfied.  The other awards will, ordinarily, vest on the date on which the Company's Remuneration Committee determines the extent to which the TSR performance condition has been satisfied.

The following notifications have been made in accordance with the requirements of the EU Market Abuse Regulation as part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018:

Notification and public disclosure of transactions by PDMRs and persons closely associated with them

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1. Jeremy Suddards

2. Philip Wood

3. Alex Curran

4.Nick Nesbitt

5. Kelvin Lynch

6. Christophe Kasolowsky

7. Jennifer Mead

2.

Reason for the notification

a)

Position/status

1. Executive Director/PDMR (Chief Executive Officer)

2. Executive Director/PDMR (Deputy Chief Executive Officer and Chief Financial Officer)

3. PDMR (Regional Chief Executive Officer, North America)

4. PDMR (Regional Chief Executive Officer, International)

5. PDMR (Chief Operating Officer)

6. PDMR (Chief Product Officer)

7. PDMR (Chief People Officer)

b)

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Aptitude Software Group plc

b)

LEI

2138009VHA1WI2VKMA28

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Options over Ordinary Shares of 7 1/3 pence each

b)

Identification code

ISIN: GB00BJV2F804

c)

Nature of the transaction

Grant of options under Performance Share Plan 2016

d)

Price(s) and volume(s)

Price

Number of Ordinary Shares over which Options have been granted

1.    n/a

2.    n/a

3.    n/a

4.    n/a

5.    n/a

6.    n/a

7.    n/a

1.98,300

2. 66,593

3. 49,029

4. 45,769

5. 31,622

6. 39,112

7. 40,568

e)

Aggregated information

-     Aggregate volume

-     Price

n/a

f)

Date of the transaction

22 November 2022

g)

Place of the transaction

Outside a trading venue

Name of authorised official of issuer responsible for making notification:

Georgina Sharley, Company Secretary, Aptitude Software Group plc

Contact:

Georgina Sharley, Company Secretary      Telephone: 020-3687-3200

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. ENDDSHUOVNRUVUAUAA

==