Trakm8 Holdings PLC Completed placing by Directors (1912U)

TIDMTRAK

RNS Number : 1912U

Trakm8 Holdings PLC

27 July 2015

TRAKM8 HOLDINGS PLC

("Trakm8" or the "Company")

Completed placing by Directors

Trakm8, the AIM-listed telematics and data provider to the global market place, is pleased to announce that finnCap Ltd, the Company's broker, has today conducted a placing (the "Placing") of 1,220,000 existing ordinary shares of one pence in the Company ("Ordinary Shares") (the "Placing Shares") with a new institutional investor, at a price of 157.5 pence per Ordinary Share.

The Placing Shares have been sold on behalf of certain Directors of the Company and represent, in aggregate, approximately 9.6 per cent. of the Directors' previous shareholding. The Placing Shares have been sold to satisfy market demand.

Subsequent to the Placing, the Directors' revised shareholdings are set out below:

 
 Director                 Shareholding               Ordinary Shares         Resultant shareholding 
                           prior to the                    sold 
                             Placing 
-----------------  --------------------------  --------------------------  -------------------------- 
                          Number   % of total         Number   % of total         Number   % of total 
                     of Ordinary       voting    of Ordinary       voting    of Ordinary       voting 
                          Shares       rights         Shares       rights         Shares       rights 
-----------------  -------------  -----------  -------------  -----------  -------------  ----------- 
 John Watkins(1)       6,149,344        21.3%        650,000         2.2%      5,499,344        19.0% 
-----------------  -------------  -----------  -------------  -----------  -------------  ----------- 
 James Hedges(2)       2,152,626         7.4%        210,000         0.7%      1,942,626         6.7% 
-----------------  -------------  -----------  -------------  -----------  -------------  ----------- 
 Tim Cowley            1,897,638         6.6%        190,000         0.7%      1,707,638         5.9% 
-----------------  -------------  -----------  -------------  -----------  -------------  ----------- 
 Matt Cowley           1,540,357         5.3%        100,000         0.3%      1,440,357         5.0% 
-----------------  -------------  -----------  -------------  -----------  -------------  ----------- 
 Paul Wilson             691,876         2.4%         70,000         0.2%        621,876         2.2% 
-----------------  -------------  -----------  -------------  -----------  -------------  ----------- 
 

(1) includes Ordinary Shares held by Linda Watkins

(2) includes Ordinary Shares held by his children

-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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSEAAXXASESEFF