Trakm8 Holdings PLC Award of options (3669F)
July 07 2023 - 5:18AM
UK Regulatory
TIDMTRAK
RNS Number : 3669F
Trakm8 Holdings PLC
07 July 2023
For immediate release 7 July 2023
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 has granted a total of
550,000 ("Options") over new ordinary shares of 1 pence each in the
capital of the Company (the "Ordinary Shares") to certain directors
and employees 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 have an exercise price of 17.0p (being
the mid-market closing price of an Ordinary Share on 6 July 2023)
and vest on 7 July 2026. Options granted to Directors may only be
exercised if the Company's mid-market share price is 30 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 of the Company by way of options
and following this grant a total of 10.0% of the Company's issued
share capital will have been granted as options.
The Options awarded to certain directors of the Company are as
follows:
Director Position Number of Total number
Options granted of Options
held
Keith Evans Non-Executive Deputy Chairman 75,000 225,000
------------------------------- ----------------- -------------
Nadeem Raza Non-Executive Director 25,000 50,000
------------------------------- ----------------- -------------
Penny Searles Non-Executive Director 25,000 50,000
------------------------------- ----------------- -------------
Jon Edwards Chief Financial Officer 150,000 550,000
------------------------------- ----------------- -------------
Mark Watkins Chief Operating Officer 150,000 1,150,000
------------------------------- ----------------- -------------
The FCA notification, made in accordance with the requirements
of the UK Market Abuse Regulation is appended further below.
- Ends -
For further information:
Trakm8 Holdings plc
John Watkins, Executive Chairman Tel: +44 (0) 1675 434 200
Jon Edwards, Chief Financial Officer www.trakm8.com
Allenby Capital Limited (Nominated Tel: +44 (0) 20 3328 5656
Adviser & Broker)
David Hart/ Vivek Bhardwaj , Corporate www.allenbycapital.com
Finance
Tony Quirke/ Joscelin Pinnington, Sales
and Corporate Broking
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 uses AI data analytics collected from
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/optimisation, self-installed telematics units
and one of the widest ranges of installed telematics devices.
Trakm8 has over 348,000 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 Direct Line
Group, Ticker, Howden, Sainsburys, Iceland Foods, AA, EON, GSF, and
Saint Gobain.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005. Trakm8 is also recognised with the LSE Green
Economy Mark.
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. Keith Evans Non-Executive Deputy Chairman
2. Nadeem Raza Non-Executive Director
3. Penny Searles Non-Executive Director
4. Jon Edwards Chief Financial Officer
5. Mark Watkins Chief Operating Officer
--------------------------- --------------------------------------------------------
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 Issue of options over ordinary shares
the financial instrument, of 1p each in Trakm8 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. Keith Evans: 75,000 options to acquire
Ordinary Shares at an exercise price
of 17.0p per share.
2. Nadeem Raza: 25,000 options to acquire
Ordinary Shares at an exercise price
of 17.0p per share.
3. Penny Searles: 25,000 options to acquire
Ordinary Shares at an exercise price
of 17.0p per share.
4. Jon Edwards: 150,000 options to acquire
Ordinary Shares at an exercise price
of 17.0p per share.
5. Mark Watkins: 150,000 options to acquire
Ordinary Shares at an exercise price
of 17.0p per share.
--------------------------- --------------------------------------------------------
d) Aggregated information N/A, see 4 (c) above
- Aggregated volume
- Price
--------------------------- --------------------------------------------------------
e) Date of the transaction 6 July 2023
--------------------------- --------------------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------------------------
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END
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