Last checked at 5 Sep 2011 15:24
5 September 2011
Trakm8 Holdings plc
("Trakm8" or the "Company")
Exercise of Options, TVR and Dealings
Trakm8, the AIM-quoted designer and developer of licensed GPRS based hardware and software for the vehicle placement and security market, announces that James Hedges, a director of the Company, has today exercised options over 100,000 ordinary shares of 1p each in the Company ("Shares") at a price of 5.25 pence per Share under the Company's Executive Management Incentive Scheme.
Application has been made for 100,000 new Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective at 8.00 a.m. on Friday 9 September 2011. Following Admission, the Company will have 18,864,731 Shares in issue, each with equal voting rights. This figure may be used by Shareholders 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 Company.
In addition, the Company has been notified that the Directors and their related parties purchased Shares today at 13 pence per Share, as set out below:
Name | Number of Shares purchased | New holding* | % of resultant Shares in issue* | |
D Buck (Non-executive Chairman) | 30,000 | 541,994 | 2.87 | |
J Watkins (Chief Executive) | 30,000 | 3,852,738 | 20.42 | |
J Hedges (Finance Director) | 180,000 | 1,171,025 | 6.21 | |
M Cowley (Chief Technical Director) | 30,000 | 1,194,203 | 6.33 | |
T Cowley (Engineering Director) | 30,000 | 1,459,002 | 7.73 | |
P Wilson (Sales Director) | 100,000 | 420,512 | 2.23 |
* nb also reflects exercise of options
The Company was also notified today that following the sales of 400,000 Shares, Mr Richard White no longer has a notifiable interest in the Company.
For further information, please contact:
Trakm8 Holdings plc John Watkins, Chief Executive Officer James Hedges, Finance Director
| 01747 858 444 |
Arbuthnot Securities Hugh Field Ed Groome
| 020 7012 2000 |
Tavistock Communications Simon Hudson | 020 7920 3150 |