TRAKM8 HOLDINGS PLC
("Trakm8", the "Group" or the "Company")
Trakm8, the AIM quoted telematics and data provider to the global market place, announces that James Hedges, Finance Director, has stepped down from the Board effective 31 August 2017 having served on the Board for over eight years. His resignation is as a result of the move of the Group's finance team from the Dorset site to the Group's West Midlands site, which is expected to be completed by mid-September 2017.
In addition, the Company announces the appointment, effective 18 September 2017, of Jonathan ("Jon") Furber joining as the new Finance Director of the Group. Following Jon's appointment, James will remain as an employee of the Group for the time required to facilitate a smooth handover.
Jon has previously held senior finance roles at technology growth businesses; he was CFO at AppSense and at Vistorm/HP Information Security (UK), and most recently interim CFO at Intrinsic Technology. Jon is a chartered accountant having trained and qualified at KPMG.
John Watkins, Executive Chairman, commented: "On behalf of the Board I would like to thank James for his significant contribution to the growth of Trakm8. We all wish him well for the future. We look forward to welcoming Jon to the Group."
For further information please contact:
Trakm8 Holdings plc
+44 1747 858444
John Watkins, Executive Chairman
MHP Communications (Financial PR to Trakm8)
+44 20 3128 8100
Reg Hoare / Charlie Barker
finnCap (Nomad & Broker to Trakm8)
+44 20 7220 0500
Ed Frisby / Simon Hicks - corporate finance
Tim Redfern / Richard Chambers - corporate broking
Trakm8 is a UK based Big Data company supplying telematics based solutions and data insight to the global market. Through IP owned technology, the Group analyses billions of miles worth of data to create and fine tune algorithms. These are used to produce telematics based solutions that score driver behaviour, monitor vehicle health and continuously improve the security and operational efficiency of both private drivers and company fleets.
The Group's product portfolio includes cameras (including the recently launched integrated telematics camera), self-installed telematics units and technology to eliminate distracted driving due to mobile phones.
Headquartered in Dorset with a manufacturing facility in the West Midlands, the Group supplies, through its dedicated business units Fleet, Optimisation, Insurance and Automotive, many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Direct Line Group and Young Marmalade.
Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.
www.trakm8.com / @Trakm8
The following disclosures are required regarding Jonathan Furber's appointment pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:
Current directorships and partnerships:
JSF Business Advisors Ltd
High Mark Farming Limited
Past directorships and partnerships held over the last 5 years:
Full Name: Jonathan Peter Furber
Jonathan has no shareholding in the Company.
No further disclosure is required under Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies with respect to Jonathan Furber.
This information is provided by RNS