Appointment of Director

RNS Number : 5581M

Trakm8 Holdings PLC

09 January 2019

 

For immediate release

9 January 2019

Trakm8 Holdings plc

('Trakm8' or the 'Company')

Appointment of Director

Trakm8 Holdings plc (AIM: TRAK), a leading telematics and data supplier to global markets, is pleased to announce the appointment of Nadeem Raza as an additional non-executive Director with immediate effect.

Mr Raza has been CEO of Microlise Group Holdings Limited ("Microlise"), the fleet technology solutions company, for over 13 years and brings significant industry experience and insight to the Board.

Commenting, John Watkins, Executive Chairman of Trakm8 said:

'Following the recent subscription by Microlise, we welcome Nadeem Raza, Microlise CEO, as the third non-executive Director on the Board of the Company.  He has a 20 year career at Microlise with 13  years as CEO.  He will bring strong knowledge of the telematics market, excellent intellect and vigorous challenge to the executive team.'

The following information regarding Nadeem Raza (aged 51) appointment is required to be disclosed under Schedule 2g of the AIM Rules for Companies:

Other directorships held:

Current	Past
Microlise Group Holdings Limited	None
Microlise Holdings Limited
Microlise Group Limited
Microlise Limited
Microlise Engineering Limited
Microlise Pty Limited
Microlise Telematics Pty Limited
Microlise SAS

Mr Raza holds 178,622 Ordinary Shares in Trakm8.  Mr Raza is the CEO and principle shareholder in Microlise which, as at the date of this document, hold 10,000,000 ordinary shares in the Company.

There are no further disclosures to be made under Schedule 2g of the AIM Rules for Companies.

- Ends -

For further information:

Trakm8 Holdings plc
John Watkins, Executive Chairman	Tel: [phone]
Jon Furber, Finance Director	www.trakm8.com
Arden Partners plc (Nominated Adviser & Broker)	Tel: [phone]
Paul Shackleton / Alex Penney	www.arden-partners.com

Media enquiries:

Buchanan
Chris Lane / Tilly Abraham	Tel: [phone]
[e-mail]	www.buchanan.uk.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 analyses data collected by 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 and reporting portal (Trakm8 Insight), integrated telematics/cameras, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 250,000 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, Direct Line Group and Young Marmalade.

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

www.trakm8.com / @Trakm8

 

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