ITIS Holdings PLC
12 April 2001
ITIS Holdings Plc ('ITIS' or the 'Company')
ITIS announces that three of its directors have today
purchased a total of 230,000 ordinary shares, at a total
purchase price of £130,000.
Trevor Chinn, Non-Executive Chairman purchased 35,000 ordinary
shares, Stuart Marks, Chief Executive Officer purchased
177,500 ordinary shares and Giles Harridge purchased 17,500
ordinary shares.
Commenting on the purchases, Stuart Marks, Chief Executive
Officer said:
'Today's investment is a clear demonstration of our long-
term commitment and confidence in the strength of our
business and our position within the fast growing
telematics market.'
'The Board are delighted with the progress the Company
has made since our flotation on AIM in October 2000.
Securing the exclusive UK rights to deliver traffic
information to drivers via RDS-TMC on Classic FM and the
joint venture in Spain with Minorplanet Systems PLC are
just two of the exciting initiatives ITIS has taken to
quickly establish the Company as a market leader for the
provision of innovative driver services to the telematics
market.'
'We believe the increased focus on the provision of
driver services, combined with proven technologies, the
right strategic partners and a management team with a
proven track record in the industry will result in long
term success for the Company and increased shareholder
value.'
For further information:
ITIS Holdings plc
Stuart Marks 0161 929 5788
Altium Capital Limited
Garry Levin 020 7484 4040
Citigate Dewe Rogerson
Ginny Pulbrook
Rupert Steveney 020 7638 9571
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.