Last checked at 1 Nov 2018 07:00
Tracsis plc
("Tracsis" or the "Group")
Directorate changes
Tracsis plc, a leading provider of software and services for the traffic data and transportation industry, announces the following changes to its Board of Directors.
John Nelson, Non-executive Director, will today step down from the Board, marking 50 years in the rail industry. John has been a Non-executive Director of Tracsis since its IPO in 2007 and the Board thanks him for his input and contribution over the past 11 years during which the company has experienced significant growth and success.
At the same time, the Board is pleased to announce the appointment of Macdonald Gouveia ('Mac') Andrade as a Non-executive Director. Mac, aged 42, will bring significant industry experience to Tracsis, having held various senior roles at FirstGroup Plc, Network Rail, Scottish & Southern Energy and National Grid. Mac is also a Director of Hewsand Consultancy Limited and Tudor Close (Bramley) Limited. There is no further information to be disclosed in accordance with the AIM rules.
Chris Cole, Non-Executive Chairman, commented:
"On behalf of the Board I would like to thank John Nelson for his counsel and contribution over the past 11 years and wish him well for the future. I am delighted that the Group has secured a high calibre replacement in Mac Andrade, who has a wealth of rail industry experience and expertise. I welcome him to the Board, and look forward to working with him in the future".
Enquiries:
Tracsis plc Tel: 0845 125 9162
John McArthur, CEO
Max Cawthra, CFO
finnCap Ltd Tel: 020 7220 0500
Christopher Raggett/Scott Mathieson, Corporate Finance
Andrew Burdis, Corporate Broking
The information communicated in this announcement is inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
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. The business provides technology and data that is instrumental in the development of 21st century intelligent transport systems and smart cities.
§Tracsis has a blue chip client base which includes all major UK transport owning Groups. The business also works extensively with Network Rail, the Department of Transport, TfL, multiple local authorities, major outdoor music and sporting events, and a wide variety of large engineering and infrastructure companies.
§The business drives growth both organically and through acquisition and has made ten acquisitions since 2008.
§For more information on Tracsis please visit http://www.tracsis.com