Trakm8 Holdings PLC Exercise of Options / Issue of Equity (8061X)
August 15 2018 - 2:00AM
UK Regulatory
TIDMTRAK
RNS Number : 8061X
Trakm8 Holdings PLC
15 August 2018
TRAKM8 HOLDINGS PLC
("Trakm8", the "Group" or the "Company")
Exercise of Options / Issue of Equity
Trakm8 Holdings plc (AIM: TRAK), the global telematics and data
insight provider, announces that it has applied to the London Stock
Exchange for 175,000 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 a former 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 20 August
2018. On Admission the Company's issued share capital will comprise
36,073,254 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 36,044,254. 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
John Watkins, Executive Chairman
Jon Furber, Finance Director +44 (0)1747 858 444
Buchanan Communications (Media Enquiries)
Henry Harrison-Topham / Chris Lane / Tilly
Abraham +44 (0)20 7466 5000
Arden Partners plc (Nominated Adviser and
Broker)
Paul Shackleton / Alex Penney +44 (0) 20 7614 5900
About Trakm8
Trakm8 is a UK based technology leader in fleet management,
insurance telematics, connected car, and optimisation. Through IP
owned technology, the Group analyses data collected by its
installed base of telematics units to fine tune the algorithms that
are used to produce its' solutions; these monitor driver behaviour,
identify crash events and monitor vehicle health to provide
actionable insights to continuously improve the security and
operational efficiency of both company fleets and private
drivers.
The Group's product portfolio includes the latest data and
reporting portal (Trakm8 Insight), integrated telematics/cameras,
self-installed telematics units and one of the widest ranges of
installed telematics devices. Trakm8 has over 250,000
connections.
Headquartered in Coleshill near Birmingham alongside its
manufacturing facility, the Group supplies to the Fleet,
Optimisation, Insurance and Automotive sectors to many well-known
customers in the UK and internationally including the AA, Saint
Gobain, EON, Iceland Foods, Direct Line Group and Young
Marmalade.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005. www.trakm8.com / @Trakm8About Trakm8
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END
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