Trackwise Designs PLC Open Offer Circular and Investor Presentation (2460G)
November 24 2020 - 1:00AM
UK Regulatory
TIDMTWD
RNS Number : 2460G
Trackwise Designs PLC
24 November 2020
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER DETAILS
OF THE FUNDRAISING ARE SET OUT BELOW.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT
CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN
OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY
SHARES OF TRACKWISE DESIGNS PLC.
Terms not otherwise defined herein shall have the meanings given
in the section entitled "Definitions" IN THE COMPANY'S Announcement
OF 20 NOVEMBER 2020.
TRACKWISE DESIGNS PLC
("Trackwise", the "Company" or the "Group")
Open Offer Circular
Investor Presentation
Trackwise Designs plc, a provider of specialist products using
printed circuit technology, is pleased to announce that Philip
Johnston CEO and Mark Hodgkins CFO will provide an investor
presentation and live Q&A via the Investor Meet Company
platform at 4:00 p.m. on Friday 27 November 2020.
The presentation will provide an update on recent progress made
by the Company including the recently announced Fundraising, which
includes an Open Offer.
Open Offer Circular
A Circular to Shareholders in respect of the Placing,
Subscription and Open Offer has been sent to registered
shareholders and is available on the Company's website
www.trackwise.co.uk .
The Open Offer is specifically structured to provide an
opportunity for participation in the Fundraising by the Company's
existing Shareholder base. Qualifying Shareholders are reminded
that Shareholders taking part in the Placing and Subscription will
not be entitled to take part in the Open Offer and that therefore
the up to 502,582 Open Offer Shares, raising up to approximately
GBP1 million, are only available to a smaller pool of Existing
Ordinary Shareholders. If there are no applications under the
Excess Application Facility, not all of the GBP1 million would be
raised. The Excess Application Facility is part of the Open Offer
and not available to those taking part in the Placing and
Subscription.
The Directors of the Company who hold Ordinary Shares,
representing in aggregate approximately 31.09 per cent. of the
Company's current issued share capital as at the date of this
announcement, will not be participating in the Open Offer.
Investor Presentation
The Company will be providing an investor presentation and live
Q&A via the Investor Meet Company platform at 4:00 p.m. on
Friday 27 November 2020:
-- The online presentation, regarding recent progress made
by the Company including the recently announced Fundraising,
is open to all existing and potential shareholders
-- Investors can sign up to Investor Meet Company for free
and add to meet Trackwise Designs plc via: www.investormeetcompany.com/trackwise-designs-plc/register-investor
-- Investors who have already registered and added to meet
the Company will automatically be invited
-- Questions can be submitted pre-event via the IMC dashboard
up to 9:00 a.m. the day before the meeting or any time
during the live presentation via the "Ask a Question"
function. Although the Company may not be in a position
to answer every question it receives, it will address
the most prominent within the confines of information
already disclosed to the market. Responses to the Q&A
from the live presentation will be published at the earliest
opportunity on the Investor Meet Company platform
-- Investor feedback can be submitted on the platform to
the Company following the event
-- A recording of the presentation will be available following
the event on the www.investormeetcompany.com platform
Enquiries:
Trackwise Designs plc +44(0)16 8429 9930
Philip Johnston, CEO www.trackwise.co.uk
Mark Hodgkins, CFO
finnCap Ltd +44(0)20 7220 0500
NOMAD and Broker
Ed Frisby / Matthew Radley - Corporate
Finance
Andrew Burdis / Tim Harper - ECM
Alma PR +44(0)20 3405 0205
Financial PR and IR
Caroline Forde / Josh Royston / David
Ison
Notes to editors
Trackwise is a UK-based manufacturer of specialist products
using printed circuit technology.
The full suite includes: Improved Harness Technology(TM) ("IHT")
and Advanced PCBs - Microwave and Radio Frequency ("RF"), Short
Flex, Flex Rigid and Rigid Multilayer products.
IHT uses a proprietary, patented process that Trackwise has
developed to manufacture multilayer flexible printed circuits of
unlimited length. While the technology has many applications, the
directors expect that one of its primary uses will be to replace
traditional wire harness in a variety of industries.
The Company manufactures on two sites, located in Tewkesbury and
Stevenage (following the acquisition of Stevenage Circuits Ltd in
April 2020). It serves customers in Europe and North America.
Trackwise Designs plc was admitted to trading on AIM in 2018
with the ticker TWD. For additional information please visit
www.trackwise.co.uk
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END
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