Director/PDMR Shareholding

RNS Number : 9125J

Tracsis PLC

22 December 2015

 



Tracsis plc

("Tracsis" or the "Company")

Directors Dealing - Exercise of Options

Tracsis announces that on 22 December 2015 it received notice of exercise of options from Charles Winward, Non-Executive Director.

Mr Winward exercised 50,000 options at an exercise price of 175p per share from a share option agreement dated 2013.  In order to satisfy exercise costs, income tax and national insurance liabilities, 37,000 shares were disposed at an average price of £5.32. As a result of this transaction, Mr Winward's interests in the company increased from 86,771 to 99,771 representing 0.37% of the total voting rights of the Company. 

A summary of these transactions and resulting holdings in Tracsis is as follows:

	Share holding prior to exercise	Option holding prior to exercise	Options exercised today	Shares sold today	Resulting Share Holding	% of issued share capital
Charles Winward	86,771	50,000	50,000	(37,000)	99,771	0.37%

Accordingly, the Company has today issued 50,000 ordinary shares in the Company "new ordinary shares".  Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 30 December 2015.

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 27,310,598. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 27,310,598 Ordinary Shares with voting rights attached (one vote per Ordinary Share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Tracsis under the DTRs.

For more information please contact:

Max Cawthra/John McArthur, Tracsis plc	Tel: [phone]
Dominic Emery/Matt Lewis, Investec Bank plc	Tel: [phone]
Rebecca Sanders Hewett, Redleaf PR	Tel: [phone] [e-mail]

 

END

 

 

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