TIDMTRAK

RNS Number : 8308G

Trakm8 Holdings PLC

30 November 2020

 
For immediate release  30 November 2020 
 

Trakm8 Holdings plc

('Trakm8' or the 'Company')

Award of options

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider, announces that the Company granted on 27 November 2020 a total of 250,000 ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to certain directors of the Company under its existing share option plan. This is a routine grant as part of the Company's compensation policy. The Options granted to the Directors have an exercise price of 32.5p per Ordinary Share, vest on 27 November 2023 and may only be exercised if the mid-market share price is 50 pence or more at the time of exercise.

The Company's share option plan allows for the issue of up to 12% of the issued share capital by way of options and following this grant a total of 9.0% of the Company's issued share capital will have been granted as options.

The Options awarded to certain directors of the Company are:

 
 Director        Position                            Number of       Total number 
                                                   Options granted    of Options 
                                                                         held 
 Tim Cowley      Strategy Director                         100,000        275,000 
                -------------------------------  -----------------  ------------- 
 Matt Cowley     Big Data Director                         100,000        250,000 
                -------------------------------  -----------------  ------------- 
 Mark Watkins    Chief Operating Officer                    25,000        700,000 
                -------------------------------  -----------------  ------------- 
 Keith Evans     Non-Executive Deputy Chairman              25,000        150,000 
                -------------------------------  -----------------  ------------- 
 

- Ends -

For further information:

 
Trakm8 Holdings plc 
John Watkins, Executive Chairman       Tel: +44 (0) 1675 434 200 
Jon Furber, Finance Director                      www.trakm8.com 
 
Arden Partners plc (Nominated Adviser  Tel: +44 (0) 20 7614 5900 
 & Broker) 
Paul Shackleton, Head of Corporate        www.arden-partners.com 
 Finance 
 Simon Johnson, Head of Sales 
 

Notes to Editors

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 analytics 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 253,000 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, Scottish Power, Direct Line Group, LexisNexis and Ingenie.

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

www.trakm8.com / @Trakm8

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                                    1. Tim Cowley Strategy Director 
                                               2. Matt Cowley Big Data Director 
                                               3. Mark Watkins Chief Operating Officer 
                                               4. Keith Evans Non-Executive Deputy Chairman 
     ---------------------------  --------------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------------------- 
 a)   Position/status              All Directors of the Company 
     ---------------------------  --------------------------------------------------------- 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  --------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------------------- 
 a)   Name                         Trakm8 Holdings plc 
     ---------------------------  --------------------------------------------------------- 
 b)   LEI                          213800I7RQRIKCSHY846 
     ---------------------------  --------------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     -------------------------------------------------------------------------------------- 
 a)   Description of               Ordinary shares of 1p each in Trakm8 
       the financial instrument,    Holdings plc 
       type of instrument 
 
       Identification               Identification code (ISIN) for Trakm8 
       code                         Holdings plc ordinary shares: GB00B0P1RP10 
     ---------------------------  --------------------------------------------------------- 
 b)   Nature of the transaction    Issue of Options over Ordinary Shares 
     ---------------------------  --------------------------------------------------------- 
 c)   Price(s) and volume(s)            1. Tim Cowley: 100,000 options to acquire 
                                         Ordinary Shares at an exercise price 
                                         of 32.50p per share. 
                                         2. Matt Cowley: 100,000 options to acquire 
                                         Ordinary Shares at an exercise price 
                                         of 32.50p per share. 
                                         3. Mark Watkins: 25,000 options to acquire 
                                         Ordinary Shares at an exercise price 
                                         of 32.50p per share. 
                                         4. Keith Evans: 25,000 options to acquire 
                                         Ordinary Shares at an exercise price 
                                         of 32.50p per share. 
     ---------------------------  --------------------------------------------------------- 
 d)   Aggregated information       N/A, see 4 (c) above 
       - Aggregated volume 
       - Price 
     ---------------------------  --------------------------------------------------------- 
 e)   Date of the transaction      27 November 2020 
     ---------------------------  --------------------------------------------------------- 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  --------------------------------------------------------- 
 

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November 30, 2020 02:00 ET (07:00 GMT)