Completion of Nominated Adviser due diligence

RNS Number : 3531T

Trakm8 Holdings PLC

22 July 2022

 

22 July 2022

Trakm8 Holdings plc

("Trakm8", the "Group" or the "Company")  

Completion of Nominated Adviser due diligence

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider, is pleased to announce that, further to the announcement on 27 April 2022, Allenby Capital Limited has completed its nominated adviser due diligence and will continue as the Company's Nominated Adviser.

Ends

For further information:

Trakm8 Holdings plc

John Watkins, Executive Chairman  Tel: [phone]

Jon Edwards, CFO                                                                                                www.trakm8.com

Allenby Capital Limited (Nominated Adviser & Broker)  Tel: [phone]

David Hart/Liz Kirchner, Corporate Finance                                                  www.allenbycapital.com

Tony Quirke, Sales and Corporate Broking

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 264,000 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, GSF, Direct Line Group, Ticker 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

 

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