Director Shareholding

RNS Number : 9313V

T42 IOT Tracking Solutions PLC

16 December 2021

 

16 December 2021 

t42 IoT Tracking Solutions PLC

("t42" or the "Company")

Director shareholding

The Company (AIM: TRAC), which specialises in the development of wireless, Internet-of-Things (IoT) based solutions for the remote tracking, monitoring and protection of a variety of assets, announces the following update regarding the shareholding of Avi Hartmann, CEO of the Company.

On 1 October 2021, it was announced that Avi Hartmann acquired 1,218,000 (9,744,000 pre share consolidation) ordinary shares in the Company from t42 colleagues as a result of their conversion of loan notes ("Loan Notes") into ordinary shares of the Company (the "Acquisition Shares"). Mr. Hartmann entered into a share pledge over the Acquisition Shares at the same time but his total beneficial shareholding in the Company remains unchanged at 5,381,528 ordinary shares, representing approximately 10.25% of the issued share capital. 

It was also agreed that in addition to acquiring the Acquisition Shares, Avi Hartmann would acquire 200,000 of the warrants that were issued as part of the terms of the Loan Notes, the details of which were announced on 25 March 2020.  Accordingly, Avi Hartman is interested in a total 200,000 warrants over new ordinary shares in the Company, exercisable at 12p per share and which expire on 24 March 2022.

Details of these transactions are set out in the requisite disclosure forms at the end of this announcement.

Contacts:

Starcom Plc Michael Rosenberg, Chairman Avi Hartmann, CEO	07785 727595 [phone]
Allenby Capital Limited (AIM Nominated Adviser and Joint Broker) Jeremy Porter/Piers Shimwell	020 3328 5656
Peterhouse Capital Limited (Joint Broker) Lucy Williams/Charles Goodfellow/Eran Zucker	020 7469 0930
Yellow Jersey PR (Financial PR) Tom Randell/Henry Wilkinson/Annabelle Wills	020 3004 9512 [e-mail]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.  

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Avi Hartmann
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	t42 IoT Tracking Solutions plc
b)	LEI	213800XVU7WF3QMF4826
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	Warrants to subscribe for ordinary shares of no par value  Identification code (ISIN) for t42 IoT Tracking Solutions plc ordinary shares: JE00BKVDPL34
b)	Nature of the transaction	Acquisition of warrants to subscribe for ordinary shares of no par value
c)	Price(s) and volume(s)	200,000 warrants to subscribe for ordinary shares at 12p per share
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) 12p 200,000
e)	Date of the transaction	1 October 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Avi Hartmann
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	t42 IoT Tracking Solutions plc
b)	LEI	213800XVU7WF3QMF4826
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 no par value  Identification code (ISIN) for t42 IoT Tracking Solutions plc ordinary shares: JE00BKVDPL34
b)	Nature of the transaction	Share pledge to A-Labs Limited
c)	Price(s) and volume(s)	1,218,000 ordinary shares
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) n/a 1,218,000
e)	Date of the transaction	1 October 2021
f)	Place of the transaction	Outside a trading venue

 

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