Trakm8 Holdings PLC Completed placing by Directors (1912U)
July 27 2015 - 09:00AM
UK Regulatory
TIDMTRAK
RNS Number : 1912U
Trakm8 Holdings PLC
27 July 2015
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Company")
Completed placing by Directors
Trakm8, the AIM-listed telematics and data provider to the
global market place, is pleased to announce that finnCap Ltd, the
Company's broker, has today conducted a placing (the "Placing") of
1,220,000 existing ordinary shares of one pence in the Company
("Ordinary Shares") (the "Placing Shares") with a new institutional
investor, at a price of 157.5 pence per Ordinary Share.
The Placing Shares have been sold on behalf of certain Directors
of the Company and represent, in aggregate, approximately 9.6 per
cent. of the Directors' previous shareholding. The Placing Shares
have been sold to satisfy market demand.
Subsequent to the Placing, the Directors' revised shareholdings
are set out below:
Director Shareholding Ordinary Shares Resultant shareholding
prior to the sold
Placing
----------------- -------------------------- -------------------------- --------------------------
Number % of total Number % of total Number % of total
of Ordinary voting of Ordinary voting of Ordinary voting
Shares rights Shares rights Shares rights
----------------- ------------- ----------- ------------- ----------- ------------- -----------
John Watkins(1) 6,149,344 21.3% 650,000 2.2% 5,499,344 19.0%
----------------- ------------- ----------- ------------- ----------- ------------- -----------
James Hedges(2) 2,152,626 7.4% 210,000 0.7% 1,942,626 6.7%
----------------- ------------- ----------- ------------- ----------- ------------- -----------
Tim Cowley 1,897,638 6.6% 190,000 0.7% 1,707,638 5.9%
----------------- ------------- ----------- ------------- ----------- ------------- -----------
Matt Cowley 1,540,357 5.3% 100,000 0.3% 1,440,357 5.0%
----------------- ------------- ----------- ------------- ----------- ------------- -----------
Paul Wilson 691,876 2.4% 70,000 0.2% 621,876 2.2%
----------------- ------------- ----------- ------------- ----------- ------------- -----------
(1) includes Ordinary Shares held by Linda Watkins
(2) includes Ordinary Shares held by his children
-Ends-
For further information please contact:
Trakm8 Holdings plc 01747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications 020 3128 8100
Reg Hoare / Jade Neal
finnCap 020 7220 0500
Ed Frisby / Simon Hicks - corporate finance
Joanna Weaving - corporate broking
About Trakm8
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.
Recently Trakm8 has developed the T10 product range, which
includes a self-installed 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,
Saint-Gobain, EON, Direct Line Group, & Young Marmalade.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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