Exercise of Options and Total Voting Rights

RNS Number : 7381K

Trackwise Designs PLC

03 September 2021

 

TRACKWISE DESIGNS PLC

("Trackwise", the "Company" or the "Group")

Exercise of Options and Total Voting Rights

Trackwise Designs (AIM: TWD), a leading provider of specialist products using printed circuit technology, announces the exercise of share options by current and former employees of the Company over 78,200 new ordinary shares of 4 pence each in the capital of the Company ("Ordinary Shares") at an exercise price of 28.25 pence per share.

Application has been made to the London Stock Exchange for the 78,200 new Ordinary Shares to be admitted to trading on AIM and admission is expected to occur on or around 8.00am 8 September 2021. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.

Total Voting Rights

For the purpose of the Disclosure Guidance and Transparency Rules, following the above issue of equity, the issued share capital of the Company will comprise 28,743,738 Ordinary Shares. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules.

Enquiries:

Trackwise Designs plc	[phone]
Philip Johnston, CEO	www.trackwise.co.uk
Mark Hodgkins, CFO
finnCap Ltd	[phone]
NOMAD and Broker
Ed Frisby / Tim Harper - Corporate Finance
Andrew Burdis / Barney Hayward - ECM
Alma PR	[phone]
Financial PR and IR
David Ison / Caroline Forde / Josh Royston / Kieran Breheny

Notes to editors:

Trackwise is a UK-based manufacturer of specialist products using printed circuit technology.

The full suite includes: Improved Harness Technology™ ("IHT") and Advanced PCBs - Microwave and Radio Frequency ("RF"), Short Flex, Flex Rigid and Rigid Multilayer products.

IHT uses a proprietary, patented process that Trackwise has developed to manufacture multilayer flexible printed circuits of unlimited length. While the technology has many applications, the directors expect that one of its primary uses will be to replace traditional wire harness in a variety of industries.

The Company manufactures on two sites, located in Tewkesbury and Stevenage (following the acquisition of Stevenage Circuits Ltd in April 2020). It serves customers in Europe and North America. The Company has acquired a third site in Stonehouse Gloucestershire initially for its EV programme.

Trackwise Designs plc was admitted to trading on AIM in 2018 with the ticker TWD. For additional information please visit www.trackwise.co.uk

 

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