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LONDON - Microlise Group plc (AIM:SAAS), a transport management software provider, has granted options over 1,452,472 ordinary shares to eight executives, according to a press release issued Friday.
The options, linked to the company’s 2025 financial year, will vest on December 31, 2027, subject to performance criteria. Recipients can exercise the options for seven years after vesting at £0.001 per share.
Chief Executive Officer Nadeem Raza received the largest allocation with 403,044 options, bringing his total holdings to 1,390,821. Chief Financial Officer Nick Wightman received 190,280 options, while Strategy & M&A Director Shenny Remtulla was granted 197,986.
The performance-based vesting criteria include three components: 45% tied to Microlise’s total shareholder return relative to the FTSE AIM All Share Index, 45% linked to earnings per share growth, and 10% connected to environmental sustainability goals.
For the shareholder return portion, options begin vesting at the 50th percentile with full vesting at the 100th percentile. The earnings component requires adjusted diluted EPS between 10.3p and 13.8p by year-end 2027 for vesting. The sustainability metric measures carbon emission reductions from 2022 baseline levels.
The company stated that these grants align with its remuneration policy and include standard holding, malus and clawback provisions.
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