Trakm8 Holdings PLC Exercise of Options/Issue of Equity (5861J)
April 03 2018 - 3:00AM
UK Regulatory
TIDMTRAK
RNS Number : 5861J
Trakm8 Holdings PLC
03 April 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 125,000 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 5 April
2018. On Admission the Company's issued share capital will comprise
35,898,254 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 35,869,254. 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
Henry Harrison-Topham / Victoria Hayns +44 (0)20 7466 5000
finnCap (Nominated Adviser and Broker)
Ed Frisby / Simon Hicks - Corporate finance
Tim Redfern / Richard Chambers - Corporate
broking +44 (0)20 7220 0500
About Trakm8
Trakm8 is a UK based technology leader in fleet management,
insurance telematics, optimisation and dashboard camera systems.
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 telematics based solutions; these
score driver behavior, monitor vehicle health and continuously
improve the security and operational efficiency of both private
drivers and company fleets.
The Group's product portfolio includes cameras (including the
recently launched integrated telematics camera), self-installed
telematics units and technology to eliminate distracted driving due
to mobile phones, and it has over 217,000 installed units reporting
to its servers.
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, Direct Line Group and Young Marmalade.
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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