13
March 2024
1SPATIAL
PLC
("1Spatial", the "Company" or the "Group")
Employee Share Awards and
PDMR Dealings
1Spatial, (AIM: SPA), a global
leader in Location Master Data Management (LMDM) software and
solutions, announces that it has today granted LTIP awards
(consisting of either a contingent right or a nil-cost option to
acquire Ordinary Shares for no consideration) over 555,000 ordinary
shares of 10p each in the Company ("Ordinary Shares") (the "LTIP Awards"). In addition, the
Company has granted 120,000 options to certain senior
employees.
The LTIP Awards have been granted to
certain senior employees and include an initial award to Stuart
Ritchie, the Company's Chief Financial Officer:
|
Director
|
No. of LTIP Awards
|
|
Stuart Ritchie (Chief Financial
Officer)
|
300,000
|
The LTIP Awards will vest subject to
the achievement of an agreed set of performance targets established
by the Remuneration committee as at the date of the
award:
·
25 per cent of the shares vest subject to the
achievement of a revenue target for the year ending 31 January 2027
("2027 Revenue").
·
25 per cent of the shares vest subject to the
achievement of an EBITDA target for the year ending 31 January 2027
("2027 EBITDA").
·
50 per cent of the shares vest subject to the
achievement of a share price target which will be calculated
against the average closing mid-price for the 20 trading days
following the Company's Annual General Meeting in 2027
("2027 Share
Price").
Following vesting, the LTIP Awards
will be subject to an additional one-year holding period (before
the award can be exercised or the shares otherwise be
released).
In the event of a takeover of the
Company completing, either by way of a contractual takeover offer
becoming wholly unconditional or a scheme of arrangement becoming
effective, the LTIP Awards would vest in full, provided that the
award holder continues to be an employee at that time.
For
further information, please contact:
|
1Spatial plc
|
01223 420 414
|
|
Claire Milverton / Stuart
Ritchie
|
|
|
|
|
|
Liberum (Nomad and Broker)
|
020 3100 2000
|
|
Max Jones / Edward Mansfield
/ Anake Singh
|
|
|
|
|
|
Alma
Strategic
Communications
|
020 3405 0205
|
|
Caroline Forde / Hannah
Campbell
|
1spatial@almastrategic.com
|
About 1Spatial
plc
1Spatial plc is a global leader in providing
Location Master Data Management (LMDM) software, solutions and
business applications, primarily to the Government, Utilities and
Transport sectors via the 1Spatial platform. Our solutions ensure
data governance, facilitating the efficient, effective and
sustainable operation of customers around the world. Our global
clients include national mapping and land management agencies,
utility companies, transportation organisations, government and
defence departments.
Today, when using and sharing trusted data
provides significant opportunities for businesses and governments
to deliver against important sustainability and Net Zero goals, our
vision is clear - to make the world safer, smarter and more
sustainable by unlocking the value in data, enabling better
decisions and greater insights.
The 1Spatial platform is a comprehensive set of
data and system agnostic LMDM software components which helps
ensure master data is compliant, current, complete, consistent, and
coordinated - and that customers can be confident it will remain
that way as it evolves. It allows them to master their data on any
device, anywhere, anytime and can be deployed as SaaS in the cloud,
on-premise, or as a hybrid of both.
Our domain expertise and data agnostic approach
allows us to be an integral and important part of the Geospatial
Ecosystem, supporting the wider digital economy. We
partner with major technology consultancies and GIS providers such
as ESRI and bring together our people, innovative solutions,
industry knowledge and experience from our extensive customer base
to deliver world class solutions.
1Spatial plc is AIM-listed, headquartered in
Cambridge, UK, with operations in the UK, Ireland, USA, France,
Belgium, Tunisia, and Australia.
www.1spatial.com
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Stuart Ritchie
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name
|
1Spatial plc
|
|
b)
|
LEI
|
213800VG7OZYQES6PN67
|
|
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
Identification code
|
LTIP Awards over ordinary shares of
10 pence each
GB00BFZ45C84
|
|
b)
|
Nature of the transaction
|
LTIP Awards
|
|
c)
|
Price(s) and volume(s)
|
Price
|
Volume
|
|
NIL
|
300,000
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A
|
|
e)
|
Date of the transaction
|
12 March 2024
|
|
f)
|
Place of the transaction
|
Off-market transaction
|