Directorate Change

RNS Number : 4523N

Tracsis PLC

01 February 2021

 

1 February 2021 

Tracsis plc

("Tracsis" or the "Group")

Directorate changes

Tracsis is a leading provider of software, hardware and services for the rail, traffic data and wider transport industries, and confirms that further to the announcement dated 28 September 2020, Andy Kelly has been appointed as Chief Financial Officer with immediate effect.

Max Cawthra has today stepped down from the Board but will remain with the business in a non board role for a short period of time in order to assist with a smooth handover and transition.

The Board would like to thank Max for his significant contribution to Tracsis over the past decade, and wishes Andy all the best in his new role.

The following information is disclosed in relation to Andrew John Kelly, age 43, pursuant to Schedule Two paragraph (g) and Rule 17 of the AIM Rules for Companies:

Current Directorships / Partnerships:

· None

Previous Directorships / Partnerships (held in the past five years)

· Vitec Production Solutions Limited

· Vitec Production Solutions Inc.

· Vitec Production Solutions KK

· Vitec Production Solutions Pte. Limited

In connection with Andy's appointment as a Director of the Group, the Remuneration Committee has agreed a share option award to compensate Andy for unvested incentives forfeited from his previous employer on joining Tracsis. As such Andy was awarded 7,692 share options in Tracsis plc with an exercise price of 0.4p, that can be exercised on or after 1 February 2024. Andy will also join the Group's Long-Term Incentive Plan (LTIP) in due course.

Outside of these share options, Andy Kelly has no other beneficial interest in the equity securities of Tracsis plc.

Enquiries:

Tracsis plc  Tel: [phone]

Chris Barnes, CEO

Andy Kelly, CFO

finnCap Ltd  Tel: [phone]

Christopher Raggett/Charlie Beeson, Corporate Finance

Andrew Burdis, Corporate Broking

Alma PR  Tel: [phone]

Rebecca Sanders-Hewett/David Ison/Helena Bogle/Joe Pederzolli                          [e-mail]

Notes to editors:  

· Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytic services for the rail, traffic data and wider transport industries.

· Tracsis' products and services are widely used to increase efficiency, reduce cost and risk and improve operational and asset performance, safety management and decision making capabilities for clients and customers. 

· The Group is split into two principle operating areas built around detailed industry knowledge and expertise:

-  Rail Technology & Services:   Software and technology led business supported by consultancy. Develops remote condition monitoring hardware and safety, productivity improvement, risk management and data acquisition software for rail infrastructure providers and software that solves complex resource, asset optimisation and control problems for Train Operators.

-  Traffic & Data Services : A largely services led business that focuses on data capture, data analytics, data insights and event traffic management within transport and pedestrian rich environments.  The business provides technology and data that underpins large scale intelligent transport system and smart city planning and decision making.

· Tracsis has a blue-chip client base which includes all major UK transport owning Groups.  The business also works extensively with Network Rail, the Department of Transport, TfL, multiple local authorities, major outdoor music and sporting event organisers, and a wide variety of large engineering and infrastructure companies.

· The business drives growth both organically and through acquisition and has made fourteen acquisitions since 2008.

· For more information on Tracsis please visit http://www.tracsis.com

1.	Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")
a)	Name	Andrew John Kelly
2.	Reason for the notification
a)	Position / status	Chief Financial Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tracsis PLC
b)	Legal Entity Identifier	2138005I15G3HBN2WD92
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 the financial instrument	Options over Ordinary Shares GB00B28HSF71
b)	Nature of the transaction	Issue of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.4p 7,692
d)	Aggregated information - Aggregated volume - Aggregated price	Single transaction per 4 c)
e)	Date of the transaction(s)	1 February 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

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