Last checked at 1 Nov 2013 07:00
Tracsis plc
("Tracsis" or the "Company")
Directorate change and grant of options
Tracsis plc, a leading provider of software and technology led products and services for the transportation industry is pleased to announce the appointment of Sean Lippell as a Non-Executive Director with immediate effect.
Charles Sean Lippell, aged 63, has more than 35 years' experience as a corporate lawyer and was formerly a partner and LLP Member with Addleshaw Goddard, a post which he held for 13 years, five of which were as Managing Partner within their corporate division.
Sean is currently a director of Acceleris Marketing Communications Limited and Protean Coaching Limited and was previously a director of A G Secretarial Limited and Inhoco Formation Limited.
Sean has today been granted 50,000 share options over Tracsis shares with an exercise price of 185p. The options will vest in equal 3 month intervals over a period of 36 months from date of grant and once vested are exercisable at any time for a period of 10 years from the date of grant whilst Sean remains a Director of Tracsis.
John McArthur, Chief Executive Officer, commented:
"We are delighted to welcome Sean as a Non-Executive Director. Sean's wealth of experience in both corporate transactions and also building the Addleshaw business will be an asset to the Group at this stage of its growth. We look forward to working with Sean and benefiting from his considerable knowledge and expertise. On behalf of the Board and the rest of the team, I welcome Sean and wish him every success with Tracsis."
For more information please contact:
John McArthur/Max Cawthra, Tracsis plc | Tel: 0845 125 9162 |
Katy Mitchell/Daniel Bate, WH Ireland Limited | Tel: 0161 832 2174 |
Rebecca Sanders Hewett/Jenny Bahr, Redleaf Polhill | Tel: 0207 382 4730 Tracsis@redleafpr.com |
Notes to editors:
§ The Group specialises in solving a variety of data capture, reporting and resource optimisation problems along with the provision of a range of associated professional services.
§ Tracsis' products and services are used to increase efficiency, reduce cost and improve the operational performance and decision making capabilities for clients and customers.
§ The Company offers the following services:
- Software and technology led consulting: Industry strength resource optimisation software that covers a variety of asset classes working alongside consulting and related professional services across the operational and strategic planning horizon.
- Remote Condition Monitoring: Technology and reporting for critical infrastructure assets in real time, to identify problems and aid with preventative maintenance.
- Data Capture: Collation and analytical services within traffic and pedestrian rich environments.
§ Tracsis has a blue chip client base which includes the majority of UK transport operators such as Arriva, First, Stagecoach, Go-Ahead, National Express and Virgin. The business also works extensively with Network Rail, the Department of Transport, multiple local authorities, and a variety of large engineering/infrastructure companies.
§ Tracsis has offices in the UK and Australia which service projects in Europe and Australasia.
§ The business drives growth both organically and through acquisition and has made five acquisitions since 2008.
§ Tracsis listed on AIM in 2007 under ticker TRCS.
§ For more information visit http://www.tracsis.com