Listing Application Update

RNS Number : 6448R

Tracsis PLC

01 March 2019

 

1 March 2019

Tracsis plc

("Tracsis" or the "Company")

Update re Listing Application

Tracsis, a leading provider of software and services for the traffic data and transportation industry, announces that, further to the announcement on 28 February 2019 concerning the Company's application to the London Stock Exchange for the blocklisting of 191,436 ordinary shares of 0.4p each ("Blocklisting Shares"), admission of the Blocklisting Shares is expected to occur on 6 March 2019.

When issued the Blocklisting Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

Enquiries:

Tracsis plc                                                                                                                                   Tel: [phone]

John McArthur, CEO

Max Cawthra, CFO

finnCap Ltd                                                                                                                                 Tel: [phone]

Christopher Raggett/Scott Mathieson, Corporate Finance

Andrew Burdis, Corporate Broking

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 eleven acquisitions since 2008.

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

 

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