Trackwise Designs PLC Open Offer Circular and Investor Presentation (2460G)

TIDMTWD

RNS Number : 2460G

Trackwise Designs PLC

24 November 2020

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER DETAILS OF THE FUNDRAISING ARE SET OUT BELOW.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF TRACKWISE DESIGNS PLC.

Terms not otherwise defined herein shall have the meanings given in the section entitled "Definitions" IN THE COMPANY'S Announcement OF 20 NOVEMBER 2020.

TRACKWISE DESIGNS PLC

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

Open Offer Circular

Investor Presentation

Trackwise Designs plc, a provider of specialist products using printed circuit technology, is pleased to announce that Philip Johnston CEO and Mark Hodgkins CFO will provide an investor presentation and live Q&A via the Investor Meet Company platform at 4:00 p.m. on Friday 27 November 2020.

The presentation will provide an update on recent progress made by the Company including the recently announced Fundraising, which includes an Open Offer.

Open Offer Circular

A Circular to Shareholders in respect of the Placing, Subscription and Open Offer has been sent to registered shareholders and is available on the Company's website www.trackwise.co.uk .

The Open Offer is specifically structured to provide an opportunity for participation in the Fundraising by the Company's existing Shareholder base. Qualifying Shareholders are reminded that Shareholders taking part in the Placing and Subscription will not be entitled to take part in the Open Offer and that therefore the up to 502,582 Open Offer Shares, raising up to approximately GBP1 million, are only available to a smaller pool of Existing Ordinary Shareholders. If there are no applications under the Excess Application Facility, not all of the GBP1 million would be raised. The Excess Application Facility is part of the Open Offer and not available to those taking part in the Placing and Subscription.

The Directors of the Company who hold Ordinary Shares, representing in aggregate approximately 31.09 per cent. of the Company's current issued share capital as at the date of this announcement, will not be participating in the Open Offer.

Investor Presentation

The Company will be providing an investor presentation and live Q&A via the Investor Meet Company platform at 4:00 p.m. on Friday 27 November 2020:

 
 --   The online presentation, regarding recent progress made 
       by the Company including the recently announced Fundraising, 
       is open to all existing and potential shareholders 
 --   Investors can sign up to Investor Meet Company for free 
       and add to meet Trackwise Designs plc via: www.investormeetcompany.com/trackwise-designs-plc/register-investor 
 --   Investors who have already registered and added to meet 
       the Company will automatically be invited 
 --   Questions can be submitted pre-event via the IMC dashboard 
       up to 9:00 a.m. the day before the meeting or any time 
       during the live presentation via the "Ask a Question" 
       function. Although the Company may not be in a position 
       to answer every question it receives, it will address 
       the most prominent within the confines of information 
       already disclosed to the market. Responses to the Q&A 
       from the live presentation will be published at the earliest 
       opportunity on the Investor Meet Company platform 
 --   Investor feedback can be submitted on the platform to 
       the Company following the event 
 --   A recording of the presentation will be available following 
       the event on the www.investormeetcompany.com platform 
 

Enquiries:

 
 Trackwise Designs plc                     [phone] 
 Philip Johnston, CEO                      www.trackwise.co.uk 
 Mark Hodgkins, CFO 
 
 finnCap Ltd                               [phone] 
 NOMAD and Broker 
 Ed Frisby / Matthew Radley - Corporate 
  Finance 
  Andrew Burdis / Tim Harper - ECM 
 
 Alma PR                                   [phone] 
 Financial PR and IR 
 Caroline Forde / Josh Royston / David 
  Ison 
 

Notes to editors

Trackwise is a UK-based manufacturer of specialist products using printed circuit technology.

The full suite includes: Improved Harness Technology(TM) ("IHT") and Advanced PCBs - Microwave and Radio Frequency ("RF"), Short Flex, Flex Rigid and Rigid Multilayer products.

IHT uses a proprietary, patented process that Trackwise has developed to manufacture multilayer flexible printed circuits of unlimited length. While the technology has many applications, the directors expect that one of its primary uses will be to replace traditional wire harness in a variety of industries.

The Company manufactures on two sites, located in Tewkesbury and Stevenage (following the acquisition of Stevenage Circuits Ltd in April 2020). It serves customers in Europe and North America.

Trackwise Designs plc was admitted to trading on AIM in 2018 with the ticker TWD. For additional information please visit www.trackwise.co.uk

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November 24, 2020 02:00 ET (07:00 GMT)