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LONDON - Aptitude Software (ETR:SOWGn) Group plc announced today that its Chief Executive Officer, Alex Curran, was granted nil-cost options over 4,838 ordinary shares as part of the company’s Deferred Bonus Plan (DBP) for the financial year ended December 31, 2024. These awards will vest on the second anniversary of the grant date, May 1, 2025.
The transaction was made under the Aptitude 2020 DBP, which is designed to incentivize executives by tying part of their compensation to the company’s performance. The DBP allows for the granting of options that can be exercised at no cost to the recipient, encouraging long-term commitment to the company’s success.
The ordinary shares over which the award was granted are traded with the identification code ISIN: GB00BJV2F804. According to the company’s disclosure, the transaction took place outside of a trading venue and did not involve any immediate sale or purchase of shares on the market.
This grant of options to the CEO is a routine part of executive compensation and is disclosed in accordance with regulatory requirements. It is intended to align the interests of the company’s directors with those of the shareholders by providing an incentive for the management team to focus on long-term value creation.
The information regarding this grant of options is based on a press release statement from Aptitude Software Group plc.
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