Grant of Options

RNS Number : 9991Z

Trakm8 Holdings PLC

23 September 2015

 

Trakm8 Holdings plc

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

Grant of Options

Trakm8 Holdings plc, the AIM telematics and data supplier to global markets, announces that share options (the "Options") over 800,000 ordinary shares of 1p each (the "Ordinary Shares") were granted to Directors and senior managers on 22 September 2015. 

A total of 550,000 Options were granted to the following Directors:

	Exercise Price (p)	Number of Options	Total number of Options following grant
Matt Cowley	192.5	25,000	150,000
Tim Cowley	192.5	50,000	175,000
James Hedges	192.5	75,000	200,000
Sean Morris	192.5	75,000	250,000
John Watkins	192.5	225,000	475,000
Mark Watkins	192.5	75,000	275,000
Paul Wilson	192.5	25,000	75,000

The Options are exercisable at any time between 22 September 2018 and 21 September 2025. Save for the above, the interests of the Directors in Ordinary Shares remains unchanged.

For further information please contact:

Trakm8 Holdings plc	[phone]
John Watkins, Executive Chairman James Hedges, Finance Director
MHP Communications (Financial PR to Trakm8)	[phone]
Reg Hoare / Jade Neal
finnCap (Nomad & Broker to Trakm8)	[phone]
Ed Frisby / Simon Hicks - corporate finance Jo Weaving - corporate broking

About Trakm8

Trakm8, the M2M telematics company using Big Data analytics to improve driver behaviour is a leading technology designer, developer and manufacturer of telematics products and solutions.

The Group, based in Shaftesbury, Dorset, distributes its hardware and software through a network of distributors worldwide. In addition the Group provides vehicle monitoring and tracking services direct to the B2B market. Trakm8's IP owned products and services allow vehicles and drivers to be monitored, allowing organisations to manage deliveries and services, or track stolen vehicles down to five metres.

In June 2015, the Group acquired the business and assets of DCS Ltd, who specialise in the design and distribution of camera systems for the motor vehicle, bicycle and security markets. This further strengthens Trakm8's offering into the Telematics marketplace, with the acquisition based on the market's demand for forward facing vehicle cameras to record driving incidents and mitigate the risk from "crash to cash" accidents. 

Trakm8's most recent generation of hardware is the T10 product range, which includes a self-install telematics device. The Group's services also include a driver behaviour management solution that reduces fuel consumption by 10% or more and reduces the risk of accidents. This is complemented by a logistics routing and scheduling package, integrated tachograph data reporting facilities, and the ability to read vehicle DTCs (Diagnostic Trouble Codes) reducing serviceability downtime. The Group's customers include the AA, St Gobain, EON, Direct Line Group, & 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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