Trakm8 Holdings PLC Exercise of Options & Directors Dealings (0535Y)
04 September 2015 - 4:00PM
UK Regulatory
TIDMTRAK
RNS Number : 0535Y
Trakm8 Holdings PLC
04 September 2015
TRAKM8 HOLDINGS PLC
("Trakm8", the "Group" or the "Company")
Exercise of Options & Directors Dealings
Trakm8 Holdings plc, the AIM listed telematics and data supplier
to global markets, announces that it has applied to the London
Stock Exchange for 975,000 ordinary shares of 1 pence each in the
Company ("Ordinary Shares") to be admitted to trading on AIM
("Admission"). The new Ordinary Shares are being issued subsequent
to an exercise, on 3 September 2015, of options over Ordinary
Shares ("Options") by employees of the Company. The Options had an
exercise price of 13 pence per Ordinary Share.
John Watkins, James Hedges, Tim Cowley, Matt Cowley and Paul
Wilson, each a Director of the Company, exercised Options as
follows:
Director Number of Options Resultant number Resultant %
exercised of Ordinary Shares of voting rights
held held
-------------- ------------------ -------------------- ------------------
John Watkins 275,000 5,774,3441 19.4%
-------------- ------------------ -------------------- ------------------
James Hedges 200,000 2,142,6262 7.2%
-------------- ------------------ -------------------- ------------------
Tim Cowley 150,000 1,857,638 6.2%
-------------- ------------------ -------------------- ------------------
Matt Cowley 150,000 1,590,357 5.3%
-------------- ------------------ -------------------- ------------------
Paul Wilson 150,000 771,876 2.6%
-------------- ------------------ -------------------- ------------------
(1) includes Ordinary Shares held by Linda Watkins
(2) includes Ordinary Shares held by his children
It is expected that Admission will become effective and trading
will commence in the new Ordinary Shares at 8.00 a.m. on 10
September 2015. Following Admission, the Company's enlarged issued
share capital will comprise 29,948,821 Ordinary Shares. The Company
holds 75,000 Ordinary Shares in treasury, therefore the total
number of Ordinary Shares in the Company with voting rights will be
29,873,821. This 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 in their interest in, the share capital of the Company under
the FCA's Disclosure and Transparency Rules.
-ends-
For further information please contact:
Trakm8 Holdings plc +44 1747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
finnCap (Nomad & Broker to Trakm8) +44 20 7220 0500
Ed Frisby / Simon Hicks - corporate
finance
Jo Weaving - corporate broking
MHP Communications (Financial PR to
Trakm8) +44 20 3128 8100
Reg Hoare / Jade Neal
About Trakm8
Trakm8, the M2M telematics company using Big Data analytics to
improve driver behaviour is a leading technology designer,
developer and manufacturer of telematics products and
solutions.
The Group, based in Shaftesbury, Dorset, distributes its
hardware and software through a network of distributors worldwide.
In addition the Group provides vehicle monitoring and tracking
services direct to the B2B market. Trakm8's IP owned products and
services allow vehicles and drivers to be monitored, allowing
organisations to manage deliveries and services, or track stolen
vehicles down to five metres.
In June 2015, the Group acquired the business and assets of DCS
Ltd, who specialise in the design and distribution of camera
systems for the motor vehicle, bicycle and security markets. This
further strengthens Trakm8's offering into the Telematics
marketplace, with the acquisition based on the market's demand for
forward facing vehicle cameras to record driving incidents and
mitigate the risk from "crash to cash" accidents.
Trakm8's most recent generation of hardware is the T10 product
range, which includes a self-install telematics device. The Group's
services also include a driver behaviour management solution that
reduces fuel consumption by 10% or more and reduces the risk of
accidents. This is complemented by a logistics routing and
scheduling package, integrated tachograph data reporting
facilities, and the ability to read vehicle DTCs (Diagnostic
Trouble Codes) reducing serviceability downtime. The Group's
customers include the AA, St Gobain, EON, Direct Line Group, &
Young Marmalade.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005.
www.trakm8.com / @Trakm8
This information is provided by RNS
The company news service from the London Stock Exchange
END
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