1 February 2021
Tracsis plc
("Tracsis" or the "Group")
Directorate changes
Tracsis is a leading provider of software, hardware and services for the rail, traffic data and wider transport industries, and confirms that further to the announcement dated 28 September 2020, Andy Kelly has been appointed as Chief Financial Officer with immediate effect.
Max Cawthra has today stepped down from the Board but will remain with the business in a non board role for a short period of time in order to assist with a smooth handover and transition.
The Board would like to thank Max for his significant contribution to Tracsis over the past decade, and wishes Andy all the best in his new role.
The following information is disclosed in relation to Andrew John Kelly, age 43, pursuant to Schedule Two paragraph (g) and Rule 17 of the AIM Rules for Companies:
Current Directorships / Partnerships:
· None
Previous Directorships / Partnerships (held in the past five years)
· Vitec Production Solutions Limited
· Vitec Production Solutions Inc.
· Vitec Production Solutions KK
· Vitec Production Solutions Pte. Limited
In connection with Andy's appointment as a Director of the Group, the Remuneration Committee has agreed a share option award to compensate Andy for unvested incentives forfeited from his previous employer on joining Tracsis. As such Andy was awarded 7,692 share options in Tracsis plc with an exercise price of 0.4p, that can be exercised on or after 1 February 2024. Andy will also join the Group's Long-Term Incentive Plan (LTIP) in due course.
Outside of these share options, Andy Kelly has no other beneficial interest in the equity securities of Tracsis plc.
Enquiries:
Tracsis plc Tel: 0845 125 9162
Chris Barnes, CEO
Andy Kelly, CFO
finnCap Ltd Tel: 020 7220 0500
Christopher Raggett/Charlie Beeson, Corporate Finance
Andrew Burdis, Corporate Broking
Alma PR Tel: 020 3405 0205
Rebecca Sanders-Hewett/David Ison/Helena Bogle/Joe Pederzolli tracsis@almapr.co.uk
Notes to editors:
· Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytic services for the rail, traffic data and wider transport industries.
· Tracsis' products and services are widely used to increase efficiency, reduce cost and risk and improve operational and asset performance, safety management and decision making capabilities for clients and customers.
· The Group is split into two principle operating areas built around detailed industry knowledge and expertise:
- Rail Technology & Services: Software and technology led business supported by consultancy. Develops remote condition monitoring hardware and safety, productivity improvement, risk management and data acquisition software for rail infrastructure providers and software that solves complex resource, asset optimisation and control problems for Train Operators.
- Traffic & Data Services: A largely services led business that focuses on data capture, data analytics, data insights and event traffic management within transport and pedestrian rich environments. The business provides technology and data that underpins large scale intelligent transport system and smart city planning and decision making.
· Tracsis has a blue-chip client base which includes all major UK transport owning Groups. The business also works extensively with Network Rail, the Department of Transport, TfL, multiple local authorities, major outdoor music and sporting event organisers, and a wide variety of large engineering and infrastructure companies.
· The business drives growth both organically and through acquisition and has made fourteen acquisitions since 2008.
· For more information on Tracsis please visit http://www.tracsis.com
| 1. | Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA") | |||||
| a) | Name | Andrew John Kelly | ||||
| 2. | Reason for the notification | |||||
| a) | Position / status | Chief Financial Officer | ||||
| b) | Initial notification / amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Tracsis PLC | ||||
| b) | Legal Entity Identifier | 2138005I15G3HBN2WD92 | ||||
| 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 | Options over Ordinary Shares GB00B28HSF71 | ||||
| b) | Nature of the transaction | Issue of options over Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Aggregated price | Single transaction per 4 c)
| ||||
| e) | Date of the transaction(s) | 1 February 2021 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
