Aptitude Software Group plc (the "Company")
Grant of awards under the Company's Performance Share Plan 2016 ("PSP")
On 4 November 2021 Aptitude 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) | 57,676 |
| PHILIP WOOD | Executive Director/PDMR (Deputy Chief Executive Officer and Chief Financial Officer) | 40,934 |
| CLARE GROOM | PDMR (Chief People Officer) | 13,963 |
| ALEX CURRAN | PDMR (Executive Vice President, North America) | 15,733 |
| TRISTAN ATKINS | PDMR (Chief Technology Officer) | 13,356 |
| KELVIN LYNCH | PDMR (Chief Delivery Officer) | 13,356 |
| NICK NESBITT | PDMR (Executive Vice President, International) | 16,999 |
| CHRISTOPHE KASOLOWSKY | PDMR (Executive Vice President, Product Strategy & Innovation) | 37,236 |
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 2023. 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 | 16.7 pence |
| Between 25% and 100% | Between median and upper quartile | Between 16.7 pence and 18.6 pence |
| 100% | Upper quartile or above | 18.6 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.
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. Clare Groom 4. Alex Curran 5. Tristan Atkins 6. Kelvin Lynch 7. Nick Nesbitt 8. Christophe Kasolowsky | ||||||||||
| 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 (Chief People Officer) 4. PDMR (Executive Vice President, North America) 5. PDMR (Chief Technology Officer) 6. PDMR (Chief Delivery Officer) 7. PDMR (Executive Vice President, International) 8. PDMR (Executive Vice President, Product Strategy & Innovation) | ||||||||||
| 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)
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| e) | Aggregated information - Aggregate volume - Price | n/a | ||||||||||
| f) | Date of the transaction | 4 November 2021 | ||||||||||
| 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
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