Last checked at 9 Jan 2024 07:00
Tracsis plc
("Tracsis" or the "Group")
Director/PDMR Shareholding and Total Voting Rights
Tracsis, a leading transport technology provider, announces that Chris Barnes, Chief Executive Officer, exercised 35,780 LTIP shares over ordinary shares of 0.4p each in the Company ("Ordinary Shares") at an exercise price of 0.4 pence per Ordinary Share (the "Exercise"). Chris Barnes subsequently sold 16,797 Ordinary Shares (the "Share Sale"), at a price of 925 pence per Ordinary Share, in order to cover the tax obligations arising from the Exercise.
Following the Exercise and Share Sale, Chris Barnes' beneficial interest in the Company is 40,108 Ordinary Shares, representing 0.13 per cent. of the total issued share capital.
Total Voting Rights
Application has been made for 35,780 Ordinary Shares (the "New Ordinary Shares") to be admitted to trading on AIM and dealings are expected to commence on 15 January 2024 ("Admission").
Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will be 30,149,595 For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of ordinary shares of 0.4p each in the capital of the Company in issue as at the date of Admission is 30,149,595 with each share carrying the right to one vote.
The above 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 to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.
Enquiries:
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Tracsis plc | Tel: 0845 125 9162 |
Chris Barnes, CEO | |
Andy Kelly, CFO | |
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Cavendish Capital Markets Limited | Tel: 020 7220 0500 |
Jonny Franklin-Adams/Giles Balleny/Charlie Beeson, Corporate Finance | |
Andrew Burdis/Sunila de Silva, Corporate Broking | |
Alma PR | Tel: 020 3405 0205 |
David Ison/Rebecca Sanders-Hewett/Joe Pederzolli | tracsis@almapr.co.uk |
Notes to editors:
· Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.
· Tracsis' products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.
· The Group is split into two principal operating areas built around detailed industry knowledge and expertise:
- Rail Technology & Services: A software, technology and product led business. It develops and supplies software that solves complex resource, asset optimisation and control problems for Train Operators, and Smart Ticketing, Delay Repay and other retail software to improve the customer experience for rail users. It also develops remote condition monitoring hardware, data acquisition software, and safety and risk management software for rail infrastructure providers.
- Data, Analytics, Consultancy & Events: A largely services led business that focuses on data capture, data analytics, GIS, earth observation, data insights, consultancy and event traffic management within a range of transport and pedestrian rich environments. The business provides technology and bespoke products and data that underpin large scale intelligent transport systems, smart city planning and positive environmental decision making.
· Tracsis has a blue-chip client base which includes all major UK transport owning groups, Network Rail, Passenger and Freight Train Operating Companies, the Department for Transport, TfL, multiple local authorities, major outdoor music and sporting event organisers, and a wide variety of large engineering and infrastructure companies. In North America our clients include Class 1 rail freight companies, transit operators, shortline railroads and several large rail served ports and industrials.
· The business drives growth both organically and through acquisition and has made seventeen acquisitions since 2008.
For more information on Tracsis please visit http://www.tracsis.com
The notifications set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||
a) | Name: | Chris Barnes | ||||||||||
1. | Reason for the notification | |||||||||||
a) | Position/status: | Chief Executive Officer | ||||||||||
b) | Initial notification/Amendment: | Initial notification | ||||||||||
2. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||
a) | Name: | Tracsis PLC | ||||||||||
b) | LEI: | 2138005I15G3HBN2WD92 | ||||||||||
3. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of 0.4 pence each ("Ordinary Shares") GB00B28HSF71 | ||||||||||
b) | Nature of the transaction: | Exercise of LTIP options over Ordinary Shares, and sale of Ordinary Shares to cover tax obligations | ||||||||||
c) | Price(s) and volume(s): |
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d) | Aggregated information: · Aggregated volume: · Aggregated Price: | Single transaction as in 4 c) above | ||||||||||
e) | Date of the transaction: | Exercise: 4 January 2024 Sale: 8 January 2024 | ||||||||||
f) | Place of the transaction: | AIM, London Stock Exchange (XLON) | ||||||||||