Issue of Equity

RNS Number : 0221Z

Trakm8 Holdings PLC

15 September 2015

 

Trakm8 Holdings plc

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

Issue of Equity

Trakm8 Holdings plc, the AIM listed telematics and data supplier to global markets, announces that it has applied to the London Stock Exchange for 100,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares by an employee of the Company.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 18 September 2015. On Admission the Company's issued share capital will comprise 30,048,821 Ordinary Shares, of which 29,000 are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 30,019,821. This figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

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

 

END

 

 

IOELLFVRAFISLIE