Trakm8 Holdings PLC Issue of Equity (5441U)
April 07 2016 - 10:01AM
UK Regulatory
TIDMTRAK
RNS Number : 5441U
Trakm8 Holdings PLC
07 April 2016
TRAKM8 HOLDINGS PLC
("Trakm8", the "Group" or the "Company")
Issue of Equity
Trakm8 Holdings plc, the AIM listed telematics and data provider
to the global market place, announces that it has applied to the
London Stock Exchange for 100,000 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 of options over Ordinary Shares by an employee of
the Company.
It is expected that Admission will become effective and trading
will commence in the new Ordinary Shares at 8.00 a.m. on 13 April
2016. On Admission the Company's issued share capital will comprise
32,135,064 Ordinary Shares, of which 29,000 are held in treasury.
Therefore the total number of Ordinary Shares in the Company with
voting rights will be 32,106,064. 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 to their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
Trakm8 Holdings plc +44 1747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications (Financial PR to
Trakm8) +44 20 3128 8100
Reg Hoare / Jade Neal / Charlotte Coulson
finnCap (Nomad & Broker to Trakm8) +44 20 7220 0500
Ed Frisby / Simon Hicks - corporate
finance
Joanna Scott - corporate broking
NOTES TO EDITORS
About Trakm8
Trakm8 Group is a UK based Big Data company utilising telematics
as their primary enabler. Through IP owned technology, over two
billion miles worth of data is collected annually through their
fleet management solutions to create and fine tune algorithms used
to score driver behaviour, monitor vehicle health and continuously
improve the security and operational efficiencies of customers'
vehicles.
With its headquarters in Dorset and a manufacturing facility in
the West Midlands, the Group supplies a number of well-known
customers in the fleet management and insurance sectors across the
UK and further afield including customers such as the AA, Saint
Gobain, EON, Direct Line Group and Young Marmalade.
The Group's portfolio offers complete telematics solutions,
which since the acquisition of the assets of DCS Systems, includes
dashboard cameras that enable customers to record driving incidents
and mitigate the risk from "crash to cash" accidents. This is
complemented through a comprehensive hardware range, which includes
a self-install unit that is one of the smallest available on the
global market.
Recently, the Group acquired Route Monkey, significantly
enhancing the Group's Logistics solution which offers both route
scheduling and optimisation, including routing for Electric
Vehicles.
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
IOELLFEVSAIDIIR
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