Directorate Change

RNS Number : 4614E

Trakm8 Holdings PLC

26 September 2008

 



Trakm8 Holdings PLC

26th September 2008

TRAKM8 HOLDINGS PLC

('Trakm8' or 'the Group')

Appointment of Finance Director

Trakm8, the AIM-listed designer and developer of licensed GPRS based hardware and software for the vehicle placement and security market, is pleased to announce the appointment of James Killingworth Hedges as Finance Director with effect from 25th September 2008.

James Hedges, 50, is a Chartered Accountant and has over 25 years' national and international finance experience. James is a graduate of Exeter University in Engineering Science and qualified as an accountant with KMG Thompson McLintock (now KPMG) in 1983. He has since been involved with a number of different companies including venture capital, property and Private Finance Initiative projects with London Electricity plc. James has been the Trakm8 Group Financial Controller for the last 2 years.  

Tim Couling, as notified on 3rd June 2008, steps down as Finance Director with immediate effect but will remain on the board of directors for the remaining duration of his notice period which expires on 1st December 2008.

Dawson Buck, Chairman of Trakm8 commented, 'We are very pleased that James has agreed to join the Board. His prior experience within the Group and his track record in shaping and growing UK companies will prove to be an invaluable asset in the future.'

The following additional information falls to be disclosed pursuant to Schedule 2(g) of the AIM Rules:

Current Directorships:

Miljam Properties (Kennington) Limited  

Former Directorships:  

European Pensions Management Ltd

William Sheppee Ltd

Mr Hedges resigned as a Director of William Sheppee Ltd in January 2003. Treble Quote Job Limited (formerly William Sheppee Ltd) went into administrative receivership in July 2003 following the loss of a major customer.

-ends-

For further information please contact:

Trakm8 plc	0870 380 0531
John Watkins, Chief Executive Officer
Tavistock Communications	020 7920 3150
Simon Hudson
Arbuthnot Securities Limited	020 7012 2000
Paul Vanstone

About Trakm8

Trakm8, based in Shaftesbury, Dorset is the leading technology provider, designer and developer of GPRS based hardware and software to the vehicle tracking and security market. The Company distributes its hardware and software worldwide through a network of distributors. In addition the Company provides ASP vehicle monitoring and tracking services direct to the B2B market. Trakm8's products allow vehicles and drivers to be monitored, allowing organisations to manage deliveries and services, or track stolen vehicles down to 5 metres.

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