TRAKM8 HOLDINGS PLC
("Trakm8", the "Group" or the "Company")
Exercise of Options / Issue of Equity
Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider, announces that it has applied to the London Stock Exchange for 125,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares by an employee of the Company.
It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 5 April 2018. On Admission the Company's issued share capital will comprise 35,898,254 Ordinary Shares, of which 29,000 are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 35,869,254. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
Trakm8 Holdings plc
John Watkins, Executive Chairman
Jon Furber, Finance Director
+44 (0)1747 858 444
Henry Harrison-Topham / Victoria Hayns
+44 (0)20 7466 5000
| || |
finnCap (Nominated Adviser and Broker)
Ed Frisby / Simon Hicks - Corporate finance
Tim Redfern / Richard Chambers - Corporate broking
+44 (0)20 7220 0500
Trakm8 is a UK based technology leader in fleet management, insurance telematics, optimisation and dashboard camera systems. Through IP owned technology, the Group analyses data collected by its installed base of telematics units to fine tune the algorithms that are used to produce its telematics based solutions; these score driver behavior, 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, and it has over 217,000 installed units reporting to its servers.
Headquartered in Coleshill near Birmingham alongside its manufacturing facility, the Group supplies to the Fleet, Optimisation, Insurance and Automotive sectors, to 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
This information is provided by RNS