Exercise of warrants - Director shareholding

RNS Number : 4225E

T42 IOT Tracking Solutions PLC

11 March 2022

 

11 March 2022 

t42 IoT Tracking Solutions PLC

("t42" or the "Company")

Exercise of warrants - Director shareholding

t42  (AIM: TRAC), the real-time tracking, security and monitoring solutions provider for the global container and freight market,   announces that 500,000 ordinary shares of no par value ("Ordinary Shares") are being issued at a price of 12p per share following the exercise of warrants by Avi Hartmann, Igor Vatenmacher, Michael Rosenberg and a t42 employee. The warrants were granted in connection with the loans entered into with the Company announced on 25 March 2020.

Application will be made for the new Ordinary shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM ("Admission").  It is anticipated that Admission will become effective at 8.00 a.m. on or around 16 March 2022.

Following the issue of the new Ordinary Shares, the respective directors will have the following interests in the Company's enlarged issued share capital:

Following the issue of the new Ordinary Shares
Director	Number of Ordinary Shares held	Percentage of issued ordinary share capital
Avi Hartmann	5,581,528	10.53%
Igor Vatenmacher	393,000	0.74%
Michael Rosenberg	2,278,299	4.30%

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation is appended below.

Total voting rights 

On Admission, the Company's enlarged issued share capital will comprise 53,026,822 Ordinary Shares.  The Company does not hold any shares in treasury.  Therefore, the total number of Ordinary Shares with voting rights in the Company will be 53,026,822.  This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules. 

Contacts:

t42 IoT Tracking Solutions PLC Michael Rosenberg, Chairman Avi Hartmann, CEO	07785 727595 [phone]
Allenby Capital Limited  (AIM Nominated Adviser and Joint Broker) Jeremy Porter/Piers Shimwell	020 3328 5656
Peterhouse Capital Limited (Joint Broker) Lucy Williams/Charles Goodfellow/Eran Zucker	020 7469 0930
Yellow Jersey PR (Financial PR) Tom Randell/Henry Wilkinson/Annabelle Wills	020 3004 9512 [e-mail]

Notes to Editors

t42 IoT Tracking Solutions plc  (AIM: TRAC), formerly Starcom Systems plc, provides real-time tracking, analysis, monitoring and security IoT solutions for the global container and freight market and covers 55 countries, over 100 distributors and 50 logistics and support partners.

t42's multi-sensor IoT tracking devices use a wide range of detection capabilities with cloud-based analytics and alerts, with real-time data transmission, analysis and actionable insights. Its devices are used by ports, cargo owners, shipping companies, freight forwarders, insurance companies, customs authorities and homeland security and police for end-to-end global container tracking and digital transformation of shipments.

For more information on the Company, please visit:  www.t42.co.uk/  

Information required pursuant to rule 26 of the AIM Rules for Companies can be found at  www.starcomsystems.com  

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Avi Hartmann (CEO)  Igor Vatenmacher (CFO) Michael Rosenberg (Chairman)
2.	Reason for the Notification
a)	Position/status	See 1a) above
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	T42 IoT Tracking Solutions PLC
b)	LEI	213800XVU7WF3QMF4826
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 Financial instrument, type of instrument	Ordinary shares of no par value
	Identification code	ISIN: JE00BKVDPL34
b)	Nature of the transaction	Exercise of warrants
c)	Price(s) and volume(s)	Director/PDMR Price(s) Volume(s) Avi Hartmann  12p 200,000 Igor Vatenmacher  12p 50,000  Michael Rosenberg 12p 200,000
d)	Aggregated information: - Aggregated volume - Price	450,000 N/A
e)	Date of the transaction	10 March 2022
f)	Place of the transaction	Outside a trading venue

 

END

 

 

IOEFLFSTVIIILIF