Last checked at 27 Jul 2015 14:00
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Company")
Completed placing by Directors
Trakm8, the AIM-listed telematics and data provider to the global market place, is pleased to announce that finnCap Ltd, the Company's broker, has today conducted a placing (the "Placing") of 1,220,000 existing ordinary shares of one pence in the Company ("Ordinary Shares") (the "Placing Shares") with a new institutional investor, at a price of 157.5 pence per Ordinary Share.
The Placing Shares have been sold on behalf of certain Directors of the Company and represent, in aggregate, approximately 9.6 per cent. of the Directors' previous shareholding. The Placing Shares have been sold to satisfy market demand.
Subsequent to the Placing, the Directors' revised shareholdings are set out below:
Director | Shareholding prior to the Placing | Ordinary Shares sold | Resultant shareholding | |||
| Number of Ordinary Shares | % of total voting rights | Number of Ordinary Shares | % of total voting rights | Number of Ordinary Shares | % of total voting rights |
John Watkins1 | 6,149,344 | 21.3% | 650,000 | 2.2% | 5,499,344 | 19.0% |
James Hedges2 | 2,152,626 | 7.4% | 210,000 | 0.7% | 1,942,626 | 6.7% |
Tim Cowley | 1,897,638 | 6.6% | 190,000 | 0.7% | 1,707,638 | 5.9% |
Matt Cowley | 1,540,357 | 5.3% | 100,000 | 0.3% | 1,440,357 | 5.0% |
Paul Wilson | 691,876 | 2.4% | 70,000 | 0.2% | 621,876 | 2.2% |
1 includes Ordinary Shares held by Linda Watkins
2 includes Ordinary Shares held by his children
-Ends-
For further information please contact:
Trakm8 Holdings plc | 01747 858444 |
John Watkins, Executive Chairman |
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James Hedges, Finance Director
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MHP Communications | 020 3128 8100 |
Reg Hoare / Jade Neal |
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finnCap | 020 7220 0500 |
Ed Frisby / Simon Hicks - corporate finance Joanna Weaving - corporate broking
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About Trakm8
About Trakm8
Trakm8, the M2M telematics company using Big Data analytics to improve driver behaviour is a leading technology designer, developer and manufacturer of telematics products and solutions.
The Group, based in Shaftesbury, Dorset, distributes its hardware and software through a network of distributors worldwide. In addition the Group provides vehicle monitoring and tracking services direct to the B2B market. Trakm8's IP owned products and services allow vehicles and drivers to be monitored, allowing organisations to manage deliveries and services, or track stolen vehicles down to five metres.
Recently Trakm8 has developed the T10 product range, which includes a self-installed telematics device. The Group's services also include a driver behaviour management solution that reduces fuel consumption by 10% or more and reduces the risk of accidents. This is complemented by a logistics routing and scheduling package, integrated tachograph data reporting facilities, and the ability to read vehicle DTCs (Diagnostic Trouble Codes) reducing serviceability downtime. The Group's customers include the AA, Saint-Gobain, EON, Direct Line Group, & Young Marmalade.
Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.