Trakm8 Holdings PLC Result of General Meeting (3305R)

TIDMTRAK

RNS Number : 3305R

Trakm8 Holdings PLC

24 October 2013

24 October 2013

TRAKM8 HOLDINGS PLC

('Trakm8' or 'the Company')

Result of General Meeting

The Board of Trakm8, the AIM-quoted designer and developer of GPRS based hardware and software for the vehicle placement and security market, is pleased to announce that all resolutions at its General Meeting, which was held earlier today, were duly passed. This follows the Company's announcement on 8 October 2013 in relation to the proposed acquisition of Box Telematics Limited ("BOX") and placing and subscription of 9,409,090 new ordinary shares ("Ordinary Shares") at a price of 22p per Ordinary Share.

As shareholder approval has now been granted, as required under Rule 14 of the AIM Rules, completion of the acquisition of BOX, the readmission of the Ordinary Shares to reading on AIM and dealings in such ordinary shares will take place at 8:00am on 25 October 2013.

John Watkins, CEO of Trakm8 Holdings PLC, commented:

"We are pleased to welcome the new shareholders who have helped us to complete this transformational transaction. BOX Telematics extends our client base, strengthens our IP ownership model and adds manufacturing capabilities. We look forwarded to delivering enhanced returns for our shareholders and reinforcing our position in the Telematics market."

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For further information please contact:

 
 Trakm8 plc                                        01747 858 444 
 John Watkins                Executive Chairman 
 James Hedges                Finance Director 
 
 finnCap Ltd                                       020 7220 0500 
 Ed Frisby / Christopher     Corporate Finance 
  Raggett                     Corporate Broking 
  Simon Starr 
 
 MHP Communications                                020 3128 8100 
 Reg Hoare / Vicky Watkins 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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