Trakm8 Holdings PLC Issue of Equity (8858W)
April 29 2016 - 10:18AM
UK Regulatory
TIDMTRAK
RNS Number : 8858W
Trakm8 Holdings PLC
29 April 2016
TRAKM8 HOLDINGS PLC
("Trakm8", the "Group" or the "Company")
Issue of Equity
Trakm8, the AIM quoted 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 6 May
2016. On Admission the Company's issued share capital will comprise
32,235,064 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 32,206,064. 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 +44 (0) 174 785
plc 8444
John Watkins, Executive
Chairman
James Hedges, Finance
Director
finnCap (Nomad and +44 (0) 20 7220
broker) 0500
Ed Frisby / Simon
Hicks - corporate
finance
Joanna Scott - corporate
broking
+44 (0) 20 3128
MHP Communications 8100
Reg Hoare
Jade Neal
About Trakm8
Trakm8 is a UK based Big Data company utilising telematics as
its primary enabler. Through IP owned technology, over two billion
miles worth of data is collected annually through its 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 business and 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
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