21 Feb 2018 15:08
21st February 2018
Tracsis plc
("Tracsis" or the "Group")
Director/PDMR Shareholding
Tracsis plc, a leading provider of software and services for the traffic data and transportation industry, announces that it has been informed that John McArthur, Chief Executive Officer has sold a total of 105,000 Ordinary Shares in the Group (c. 10% of his total shareholding).
The total figure comprises 85,000 Ordinary Shares that were sold on 20th February at a price of 515p and 20,000 Ordinary Shares that were sold on 21st February at an average price of 518p. Following this sale, Mr McArthur retains an interest in 957,783 Ordinary Shares representing 3.4% of the issued share capital of Tracsis.
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Mr John McArthur | |
2. | Reason for the notification | ||
(a) | Position/status | Chief Executive Officer | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Tracsis plc | |
(b) | LEI | N/A | |
4. | 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 | Tracsis plc Ordinary Shares of 0.4p each | |
(b) | Identification code of the Financial Instrument | ISIN: GB00B28HSF71 | |
(c) | Nature of the transaction | Sale of shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
515p | 90,000 | ||
520p | 10,000 | ||
517p | 5,000 | ||
(e) | Aggregated information - Aggregated volume - Price |
105,000 515.57p | |
(f) | Date of the transaction | 20th and 21st February 2018 | |
(g) | Place of the transaction | London Stock Exchange | |
For more information please contact:
Tracsis plc John McArthur / Max Cawthra | Tel: 0845 125 9162 |
Investec Bank plc |
|
Corporate Finance: Andrew Pinder / Sebastian Lawrence Corporate Broking: Rob Baker | Tel: 020 7597 5970 |
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
Tracsis (TRCS)