Trakm8 Hldgs Regulatory News (TRAK)

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Trakm8 Holdings PLC ("Trakm8" or the "Company")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Lydden House

Wincombe Business Park

Shaftesbury

Dorset

SP7 9QJ

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.trakm8.com/investors

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Trakm8 Holdings plc is a Shaftesbury, Dorset based provider of fleet management solutions. Trakm8 has its main operations in the UK and its subsidiaries (the "Group") distribute their hardware and software internationally through a network of distributors. In addition the Group provides vehicle monitoring and tracking services direct to the B2B market. Trakm8's products allow vehicles and drivers to be monitored, allowing organisations to manage deliveries and services, or track stolen vehicles and plant equipment. Over the past 10 years Trakm8 has sold in excess of 175,000 units worldwide. Trakm8 has been extending its range of fleet management solutions beyond the Swift tracking product into fuel saving, such as its driver behaviour package "ecoN", and also logistics routing, scheduling and tachograph data integration. These solutions generate recurring revenue.

Trakm8 has conditionally agreed to purchase the entire issued share capital of BOX Telematics Limited ("BOX") for an initial cash consideration of £3.5 million (the "Acquisition"). Following Admission, the Company will also procure the repayment by BOX of a director's loan of £750,000. The Acquisition constitutes a reverse takeover under AIM Rule 14 and accordingly, Trakm8 will be seeking readmission of its shares to trading on the AIM Market of the London Stock Exchange.

BOX, a vehicle telematics business, was founded in 1989 and began to focus on vehicle telematics in 2000. It has since become one of the leading providers of fleet management systems in the UK. BOX provides in-house telematics design, manufacturing, and services and has delivered OEM telematic solutions for several blue-chip clients. In addition BOX provides non-telematic third party contract manufacturing services.

BOX's products include BOXoptions, a customisable range of end-to-end telematic and vehicle tracking solutions; BOXtracker INSIGHT and BOXtrackerEco, vehicle tracking solutions; BOXsolo, a water resistant tracking device; iSpot, a smartphone based GPS tracker; and SpotOn, a data collection system.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

28,823,821 ordinary shares of 1p each ("Ordinary Shares"). 370,000 Ordinary Shares in treasury.

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

The Company is raising £2,069,999.80 upon Admission by the issue of new Ordinary Shares at a price of 22p per Ordinary Share (the "Issue Price"). Anticipated market capitalisation of the Company at the Issue Price is £6.3m.

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

55.7%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

None.

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

John Ferris Watkins - Executive Chairman

James Killingworth Hedges - Finance Director

Keith Evans - Non Executive Director

Madeline Joanna Cowley - Chief Technical Officer

Timothy Adam Cowley - Engineering Director

Paul Wilson - Sales Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

There are no such persons.

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 March

(ii) In relation to Trakm8: 31 March 2013. In relation to BOX: 30 June 2013

(iii) 31 December 2013 (six month unaudited results to 30 September 2013); 30 September 2014 (12 month audited full year accounts to 31 March 2014); 31 December 2014 (six month unaudited accounts to 30 September 2014).

EXPECTED ADMISSION DATE:

25 October 2013

NAME AND ADDRESS OF NOMINATED ADVISER:

finnCap Ltd

60 New Broad Street

London

EC2M 1JJ

NAME AND ADDRESS OF BROKER:

finnCap Ltd

60 New Broad Street

London

EC2M 1JJ

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

www.trakm8.com/investors

The Admission Document will contain full details about the Company and the admission of its securities.

DATE OF NOTIFICATION:

8 October 2013

NEW/ UPDATE:

New