Exercise of Options, TVR and Dealings

Date : 09/05/2011 @ 10:24AM
Source : UK Regulatory (RNS & others)
Stock : Trakm8 Hldgs (TRAK)
Quote : 85.5  -2.5 (-2.84%) @ 11:12AM
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Exercise of Options, TVR and Dealings

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RNS Number : 6507N

Trakm8 Holdings PLC

05 September 2011

5 September 2011

Trakm8 Holdings plc

("Trakm8" or the "Company")

Exercise of Options, TVR and Dealings

Trakm8, the AIM-quoted designer and developer of licensed GPRS based hardware and software for the vehicle placement and security market, announces that James Hedges, a director of the Company, has today exercised options over 100,000 ordinary shares of 1p each in the Company ("Shares") at a price of 5.25 pence per Share under the Company's Executive Management Incentive Scheme.

Application has been made for 100,000 new Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective at 8.00 a.m. on Friday 9 September 2011. Following Admission, the Company will have 18,864,731 Shares in issue, each with equal voting rights. This figure may be used by Shareholders 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 Company.

In addition, the Company has been notified that the Directors and their related parties purchased Shares today at 13 pence per Share, as set out below:

                                                                % of resultant 
                              Number of Shares                          Shares 
 Name                                purchased   New holding*        in issue* 
 D Buck (Non-executive 
  Chairman)                             30,000        541,994             2.87 
 J Watkins (Chief 
  Executive)                            30,000      3,852,738            20.42 
 J Hedges (Finance 
  Director)                            180,000      1,171,025             6.21 
 M Cowley (Chief Technical 
  Director)                             30,000      1,194,203             6.33 
 T Cowley (Engineering 
  Director)                             30,000      1,459,002             7.73 
 P Wilson (Sales Director)             100,000        420,512             2.23 

* nb also reflects exercise of options

The Company was also notified today that following the sales of 400,000 Shares, Mr Richard White no longer has a notifiable interest in the Company.

For further information, please contact:

 Trakm8 Holdings plc 
  John Watkins, Chief Executive 
  James Hedges, Finance Director    01747 858 444 
 Arbuthnot Securities 
  Hugh Field 
  Ed Groome                         020 7012 2000 
 Tavistock Communications 
  Simon Hudson                      020 7920 3150 

This information is provided by RNS

The company news service from the London Stock Exchange



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