Trakm8 Holdings PLC Issue of Options (8308G)
November 30 2020 - 01:00AM
UK Regulatory
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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END
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