Last checked at 27 Jul 2015 12:30
THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR NEW ZEALAND OR ANY JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Company")
Proposed placing by Directors
Trakm8, the AIM-listed telematics and data provider to the global market place, is pleased to announce that certain Directors of the Company intend today to sell up to 1,220,000 existing ordinary shares of one pence each in the Company (the "Placing Shares") at a price of 157.5 pence per Ordinary Share, representing approximately 9.6 per cent. of the Directors' total existing shareholding (the "Placing").
The Placing Shares are being sold to satisfy market demand.
Assuming the Placing is completed in full, the Board of Trakm8 will continue to hold approximately 39.7 per cent. of the voting rights of the Company.
The completion of the Placing and the resulting Directors' shareholdings will be announced as soon as practicable. The Company's report and financial statements for the year ended 31 March 2015 are available from the investor relations section of the Company's website: www.trakm8.com/investor-relations.
-Ends-
For further information please contact:
Trakm8 Holdings plc | 01747 858444 |
John Watkins, Executive Chairman | |
James Hedges, Finance Director
| |
MHP Communications | 020 3128 8100 |
Reg Hoare / Jade Neal | |
finnCap | 020 7220 0500 |
Ed Frisby / Simon Hicks - corporate finance Joanna Weaving - corporate broking
| |
About Trakm8
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.
Recently Trakm8 has developed the T10 product range, which includes a self-installed 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, Saint-Gobain, EON, Direct Line Group, & Young Marmalade.
Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.