Last checked at 4 Sep 2015 09:18
TRAKM8 HOLDINGS PLC
("Trakm8", the "Group" or the "Company")
Exercise of Options & Directors Dealings
Trakm8 Holdings plc, the AIM listed telematics and data supplier to global markets, announces that it has applied to the London Stock Exchange for 975,000 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, on 3 September 2015, of options over Ordinary Shares ("Options") by employees of the Company. The Options had an exercise price of 13 pence per Ordinary Share.
John Watkins, James Hedges, Tim Cowley, Matt Cowley and Paul Wilson, each a Director of the Company, exercised Options as follows:
Director | Number of Options exercised | Resultant number of Ordinary Shares held | Resultant % of voting rights held |
John Watkins | 275,000 | 5,774,3441 | 19.4% |
James Hedges | 200,000 | 2,142,6262 | 7.2% |
Tim Cowley | 150,000 | 1,857,638 | 6.2% |
Matt Cowley | 150,000 | 1,590,357 | 5.3% |
Paul Wilson | 150,000 | 771,876 | 2.6% |
1 includes Ordinary Shares held by Linda Watkins
2 includes Ordinary Shares held by his children
It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 10 September 2015. Following Admission, the Company's enlarged issued share capital will comprise 29,948,821 Ordinary Shares. The Company holds 75,000 Ordinary Shares in treasury, therefore the total number of Ordinary Shares in the Company with voting rights will be 29,873,821. 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
-ends-
For further information please contact:
Trakm8 Holdings plc | +44 1747 858444 |
John Watkins, Executive Chairman James Hedges, Finance Director
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finnCap (Nomad & Broker to Trakm8) | +44 20 7220 0500 |
Ed Frisby / Simon Hicks - corporate finance Jo Weaving - corporate broking
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MHP Communications (Financial PR to Trakm8) | +44 20 3128 8100 |
Reg Hoare / Jade Neal |
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.
In June 2015, the Group acquired the business and assets of DCS Ltd, who specialise in the design and distribution of camera systems for the motor vehicle, bicycle and security markets. This further strengthens Trakm8's offering into the Telematics marketplace, with the acquisition based on the market's demand for forward facing vehicle cameras to record driving incidents and mitigate the risk from "crash to cash" accidents.
Trakm8's most recent generation of hardware is the T10 product range, which includes a self-install 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, St Gobain, EON, Direct Line Group, & Young Marmalade.
Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.
www.trakm8.com / @Trakm8