Trakm8 Holdings PLC Proposed placing by Directors (1718U)
July 27 2015 - 7:30AM
UK Regulatory
TIDMTRAK
RNS Number : 1718U
Trakm8 Holdings PLC
27 July 2015
THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF
SOUTH AFRICA OR NEW ZEALAND OR ANY JURISDICTION IN WHICH SUCH
PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Company")
Proposed placing by Directors
Trakm8, the AIM-listed telematics and data provider to the
global market place, is pleased to announce that certain Directors
of the Company intend today to sell up to 1,220,000 existing
ordinary shares of one pence each in the Company (the "Placing
Shares") at a price of 157.5 pence per Ordinary Share, representing
approximately 9.6 per cent. of the Directors' total existing
shareholding (the "Placing").
The Placing Shares are being sold to satisfy market demand.
Assuming the Placing is completed in full, the Board of Trakm8
will continue to hold approximately 39.7 per cent. of the voting
rights of the Company.
The completion of the Placing and the resulting Directors'
shareholdings will be announced as soon as practicable. The
Company's report and financial statements for the year ended 31
March 2015 are available from the investor relations section of the
Company's website: www.trakm8.com/investor-relations.
-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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