Grant of awards under 2016 Performance Share Plan
On September 18, 2025, Aptitude Software Group plc granted options over ordinary shares under its Performance Share Plan 2016 to certain directors and PDMRs. Alexandra Curran (CEO) received options over 126,507 shares, Paul Tassinari (Chief Client Experience Officer) received options over 72,711 shares, and Barbara Zając (SVP, People and Culture) received options over 42,348 shares. Vesting is subject to a TSR performance condition (75%) relative to the FTSE SmallCap Index and an EPS performance condition (25%). 25% vesting occurs at median TSR performance and 16.98 pence EPS, scaling to 100% at upper quartile TSR performance and 19.53 pence EPS or greater. Curran's award, at 125% of salary, has a two-year holding period.
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On 18 September 2025 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 |
|---|---|---|
| Alexandra Curran | Executive Director/PDMR (Chief Executive Officer) | 126,507 |
| Paul Tassinari | Chief Client Experience Officer | 72,711 |
| Barbara Zając | SVP, People and Culture | 42,348 |
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 diluted earnings per share ("EPS") at the end of a three year performance period ending with 2026. 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 | 16.98 pence |
| Between 25% and 100% | Between median and upper quartile | Greater than 16.98 pence but less than 19.53 pence |
| 100% | Upper quartile or above | 19.53 pence or greater |
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 extent to which the Awards vest will be determined following the end of the TSR performance period. The awards granted to Alex Curran will be subject to a two-year holding period following assessment of performance. No other awards will be subject to a holding period.
The 2025 award to Alex Curran have been made at 125% of salary, in line with the Remuneration Policy approved by shareholders at the 2025 AGM (including, in line with the commitment in the 2022 Directors' Remuneration Report, not utilising the additional headroom for PSP grants approved in that new Policy). The Remuneration Committee will consider the vesting outturns determined by reference to the performance conditions and retains discretion in relation to the total level of reward arising from the 2025 award having regard to overall Company performance, the wider stakeholder experience, and the outcome of prior year PSP schemes.
- Details of the person discharging managerial responsibilities/person closely associated
- Name 1. Alexandra Curran 2. Paul Tassinari 3. Barbara Zajac
- Reason for the notification
- Position/status 1. Executive Director/PDMR (Chief Executive Officer) 2. PDMR (Chief Client Experience Officer) 3. PDMR (SVP, People and Culture)
- Initial notification/Amendment Initial notification
- Name Aptitude Software Group plc
- LEI 2138009VHA1WI2VKMA28
- Description of the financial instrument, type of instrument Options over Ordinary Shares of 7 1/3 pence each
- Identification code ISIN: GB00BJV2F804
- Nature of the transaction Grant of options under Performance Share Plan 2016
- 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 1. 126,507 2. 72,711 3. 42,348
- Aggregated information - Aggregate volume - Price n/a
- Date of the transaction 18 September 2025
- Place of the transaction Outside a trading venue
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