Tracsis Regulatory News (TRCS)

17 November 2016

Tracsis plc

("Tracsis" or the "Group")

Directorate change

Tracsis plc, a leading provider of software and services for the traffic data and transportation industry, announces that following nearly a decade with the Group, Charles Winward will stand down as a Non-Executive Director at the end of the month.

The Audit Committee will now be chaired by Liz Richards who was appointed as a Non-Executive Director on 1 September 2016.

John McArthur, Chief Executive Officer, commented:

"Charles has been a Non-Executive Director of Tracsis since the business floated on AIM in 2007 and has provided valuable counsel and input throughout his 9 years of service and been an integral part to the success of Tracsis. Given the evolution of our Group and our commitment to correct corporate governance procedures, now is an appropriate time for Charles to hand over his duties to a new non-executive. Lisa Charles-Jones and Liz Richards were appointed to the board over the summer, and following these results today, Liz will assume the chair of the audit committee from Charles. On behalf of the Board I would like to thank Charles for his support and wish him well for the future."

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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:

-  Rail Technology & Services: Software and technology led consulting, and Remote Condition Monitoring: Industry strength software that covers a variety of asset classes working alongside consulting and related professional services across the operational and strategic planning horizon, plus Technology and reporting for critical infrastructure assets in real time, to identify problems and aid with preventative maintenance.

-  Traffic & Data Services: Collation, analytical services, and event management 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.

§ The business drives growth both organically and through acquisition and has made eight acquisitions since 2008.

§ Tracsis listed on AIM in 2007 under ticker TRCS.

§ For more information visit http://www.tracsis.com