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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Trackwise Designs Plc | LSE:TWD | London | Ordinary Share | GB00BFYT9999 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.175 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTWD
RNS Number : 0742I
Trackwise Designs PLC
30 March 2020
TRACKWISE DESIGNS PLC
("Trackwise", the "Company" or the "Group")
Result of General Meeting and Total Voting Rights
The Board of Trackwise Designs plc, provider of specialist products using printed circuit technology, is pleased to announce that further to the announcement on 13 March 2020, all the Resolutions put to Shareholders at the General Meeting held earlier today were duly passed.
The General Meeting was convened to consider and approve the Resolutions set out in the Circular and Notice which were required to effect the Acquisition of Stevenage Circuits Limited for a total consideration of up to GBP2.457m and a Fundraising of approximately GBP5.87m.
Application has been made by the Company for 7,341,250 new Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will occur and dealings in the new Ordinary Shares will commence at 8:00am on 31 March 2020.
Following Admission, the total number of Shares in issue will be 22,113,622. There are no Shares held in treasury. Accordingly, the total number of voting rights in the Company on Admission will be 22,113,622. This figure may be used by Shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Following the passing of the Resolutions put to Shareholders at the General Meeting, completion of the Acquisition ("Completion") is expected to occur at approximately 5:00pm on 1 April 2020 subject to the satisfaction or waiver (if applicable) of any other outstanding conditions.
The Company will make a further announcement upon Completion of the Acquisition.
Defined terms used in this announcement have the meaning (unless the context otherwise requires) as set out in the Circular (available at www.trackwise.co.uk). This announcement should be read in conjunction with the Circular published by the Company on 13 March 2020.
1 Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") a) Name Mark Hodgkins ------------------------------- ---------------------------------- 2. Reason for the Notification ------------------------------------------------------------------- a) Position/status Chief Financial Officer ------------------------------- ---------------------------------- b) Initial notification/Amendment Initial notification ------------------------------- ---------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------- a) Name Trackwise Designs plc ------------------------------- ---------------------------------- b) LEI 549300KQIX5EWTJMFK75 ------------------------------- ---------------------------------- 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------- a) Description of the Ordinary Shares of 4 pence each Financial instrument, type of instrument Identification code GB00BFYT9999 ------------------------------- ---------------------------------- b) Nature of the transaction Purchase of Ordinary Shares ------------------------------- ---------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 80p 68,750 ---------- ------------------------------- ---------------------------------- d) Aggregated information: 68,750 * Aggregated volume GBP55,000 * Price ------------------------------- ---------------------------------- e) Date of the transaction 31 March 2020 ------------------------------- ---------------------------------- f) Place of the transaction London Stock Exchange, AIM Market (XLON) ------------------------------- ---------------------------------- 1 Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") a) Name Ian Griffiths ------------------------------- ---------------------------------- 2. Reason for the Notification ------------------------------------------------------------------- a) Position/status Non-executive Chairman ------------------------------- ---------------------------------- b) Initial notification/Amendment Initial notification ------------------------------- ---------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------- a) Name Trackwise Designs plc ------------------------------- ---------------------------------- b) LEI 549300KQIX5EWTJMFK75 ------------------------------- ---------------------------------- 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------- a) Description of the Ordinary Shares of 4 pence each Financial instrument, type of instrument Identification code GB00BFYT9999 ------------------------------- ---------------------------------- b) Nature of the transaction Purchase of Ordinary Shares ------------------------------- ---------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 80p 25,000 ---------- ------------------------------- ---------------------------------- d) Aggregated information: 25,000 * Aggregated volume GBP20,000 * Price ------------------------------- ---------------------------------- e) Date of the transaction 31 March 2020 ------------------------------- ---------------------------------- f) Place of the transaction London Stock Exchange, AIM Market (XLON) ------------------------------- ---------------------------------- 1 Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") a) Name Lesley Jackson ------------------------------- ---------------------------------- 2. Reason for the Notification ------------------------------------------------------------------- a) Position/status Non-executive Director ------------------------------- ---------------------------------- b) Initial notification/Amendment Initial notification ------------------------------- ---------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------- a) Name Trackwise Designs plc ------------------------------- ---------------------------------- b) LEI 549300KQIX5EWTJMFK75 ------------------------------- ---------------------------------- 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------- a) Description of the Ordinary Shares of 4 pence each Financial instrument, type of instrument Identification code GB00BFYT9999 ------------------------------- ----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares ------------------------------- ---------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 80p 62,500 ---------- ------------------------------- ---------------------------------- d) Aggregated information: 62,500 * Aggregated volume GBP50,000 * Price ------------------------------- ---------------------------------- e) Date of the transaction 31 March 2020 ------------------------------- ---------------------------------- f) Place of the transaction London Stock Exchange, AIM Market (XLON) ------------------------------- ----------------------------------
Enquiries:
Trackwise Designs plc +44 (0)1684 299 930 Philip Johnston, CEO www.trackwise.co.uk Mark Hodgkins, CFO finnCap Ltd +44 (0)20 7220 0500 NOMAD and Broker Ed Frisby / Matthew Radley - Corporate Finance Andrew Burdis / Manasa Patil - ECM Alma PR +44 (0)20 3405 0205 Financial PR and IR Caroline Forde / Josh Royston / Kieran Breheny
Notes to editors
Trackwise is an established business that manufactures specialist products using printed circuit technology. The Company consists of two divisions Improved Harness Technology TM ("IHT") and Radio Frequency ("RF").
The IHT division utilises the Company's unique proprietary technology, a patented process that Trackwise has developed to manufacture unlimited length multilayer flexible printed circuits. The Directors believe that the technology has many applications but believe one of its primary uses could be to replace traditional wire harness used in a variety of industries.
The RF business unit manufactures specialist printed circuits which are primarily used in the antenna infrastructure to support the 4G/5G mobile phone networks, as well as having a number of other applications.
Trackwise Designs plc was admitted to trading on AIM on 31 July 2018 with the ticker TWD.
For additional information please visit: www.trackwise.co.uk
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
March 30, 2020 07:46 ET (11:46 GMT)
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