Issue of Equity

RNS Number : 5571D

Tracsis PLC

01 February 2018

 

Tracsis plc

("Tracsis" or the "Group")

Issue of equity

As part of the consideration for the acquisitions of Travel Compensation Services Limited and Delay Repay Sniper Limited that were announced earlier today, Tracsis confirms it has today issued 28,571 ordinary shares of 0.4p each ("Ordinary Shares") (the "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 7 February 2018.

The shares issued are subject to a two year lock-in agreement whereby no disposals may be made within the first 12 months from admission with any disposals thereafter subject to orderly market conditions for a further 12 month period. 

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 28,225,438. 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 28,225,438 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:

John McArthur/Max Cawthra, Tracsis plc	via Investec
Andrew Pinder/Seb Lawrence, Investec Bank plc	Tel: [phone]

The information communicated in this announcement is inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Notes to editors: 

§ The Group specialises in solving a variety of data capture, reporting and resource optimisation problems along with the provision of a range of associated professional services.

§ Tracsis' products and services are used to increase efficiency, reduce cost and improve the operational performance and decision making capabilities for clients and customers. 

§ The Company offers the following services:

-  Rail Technology & Services: Software and technology led consulting, and remote condition monitoring: Industry strength software that covers a variety of asset classes working alongside consulting and related professional services across the operational and strategic planning horizon, plus technology and reporting for critical infrastructure assets in real time, to identify problems and aid with preventative maintenance.

-  Traffic & Data Services: Collation, analytical services, and event management within traffic and pedestrian rich environments.  The business provides technology and data that is instrumental in the development of 21^st century intelligent transport systems and smart cities.

§ 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 events, and a wide variety of large engineering and infrastructure companies.

§ The business drives growth both organically and through acquisition and has made ten acquisitions since 2008.

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

 

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