Award of Options

RNS Number : 0220T

Trakm8 Holdings PLC

19 November 2021

 

For immediate release

19 November 2021

 Trakm8 Holdings plc

('Trakm8' or the 'Company')

Award of Options

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider, announces that the Company granted on 18 November 2021 a total of 450,000 options (the "Options") over ordinary shares of 1 pence each ("Ordinary Shares") to certain directors and employees of the Company under its existing share option plan. This is a routine grant to existing directors and employees as part of the Company's compensation policy. The Options granted have an exercise price of 27.0p (being the mid-market closing price of an Ordinary Share on 17 November 2021), with a 10-year life and vest on 18 November 2024. 

The Company's share option plan allows for the issue of up to 12% of the issued share capital by way of options and following this grant a total of 11.3% of the Company's issued share capital will have been granted as options.

The Options awarded to certain directors of the Company are:

Director	Position	Number of Options granted	Total number of Options held
Matt Cowley	Big Data Director	75,000	325,000
Tim Cowley	Strategy Director	50,000	325,000
Jon Edwards	Chief Financial Officer	300,000	400,000

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For further information:

Trakm8 Holdings plc
John Watkins, Executive Chairman	Tel: [phone]
Jon Edwards, CFO	www.trakm8.com
Arden Partners plc  (Nominated Adviser & Broker)	Tel: [phone]
Paul Shackleton, Corporate Finance Simon Johnson, Corporate Broking	www.arden-partners.com

About Trakm8

Trakm8 is a UK based technology leader in fleet management, insurance telematics, connected car, and optimisation. Through IP owned technology, the Group uses AI data analytics collected from its installed base of telematics units to fine tune the algorithms that are used to produce its' solutions; these monitor driver behaviour, identify crash events and monitor vehicle health to provide actionable insights to continuously improve the security and operational efficiency of both company fleets and private drivers.

The Group's product portfolio includes the latest data analytics and reporting portal (Trakm8 Insight), integrated telematics/cameras/optimisation, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 255,000 connections.

Headquartered in Coleshill near Birmingham alongside its manufacturing facility, the Group supplies to the Fleet, Optimisation, Insurance and Automotive sectors to many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Iceland Foods, Parts Alliance, Direct Line Group, ByMiles and Ingenie.

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005. Trakm8 is also recognised with the LSE Green Economy Mark.

www.trakm8.com  / @Trakm8

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matt Cowley, Big Data Director Tim Cowley, Strategy Director Jon Edwards, Chief Financial Officer
2	Reason for the notification
a)	Position/status	All Directors of the Company
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trakm8 Holdings plc
b)	LEI	213800I7RQRIKCSHY846
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, type of instrument Identification code	Ordinary shares of 1p each in Trakm8 Holdings plc Identification code (ISIN) for Trakm8 Holdings plc ordinary shares: GB00B0P1RP10
b)	Nature of the transaction	Issue of Options over Ordinary Shares
c)	Price(s) and volume(s)	1.  Matt Cowley: 75,000 options to acquire Ordinary Shares at an exercise price of 27.0p per share. 2.  Tim Cowley: 50,000 options to acquire Ordinary Shares at an exercise price of 27.0p per share. 3.  Jon Edwards: 300,000 options to acquire Ordinary Shares at an exercise price of 27.0p per share.
d)	Aggregated information - Aggregated volume - Price	N/A, see 4 (c) above
e)	Date of the transaction	18 November 2021
f)	Place of the transaction	Outside a trading venue

 

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