Exercise of Options and Total Voting Rights

RNS Number : 7381K
Trackwise Designs PLC
03 September 2021
 

 

TRACKWISE DESIGNS PLC

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

 

Exercise of Options and Total Voting Rights

 

Trackwise Designs (AIM: TWD), a leading provider of specialist products using printed circuit technology, announces the exercise of share options by current and former employees of the Company over 78,200 new ordinary shares of 4 pence each in the capital of the Company ("Ordinary Shares") at an exercise price of 28.25 pence per share.

 

Application has been made to the London Stock Exchange for the 78,200 new Ordinary Shares to be admitted to trading on AIM and admission is expected to occur on or around 8.00am 8 September 2021. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.

 

Total Voting Rights

 

For the purpose of the Disclosure Guidance and Transparency Rules, following the above issue of equity, the issued share capital of the Company will comprise 28,743,738 Ordinary Shares. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules.

 

Enquiries:

 

Trackwise Designs plc

+44(0)16 8429 9930

Philip Johnston, CEO

www.trackwise.co.uk

Mark Hodgkins, CFO




finnCap Ltd

+44(0)20 7220 0500

NOMAD and Broker


Ed Frisby / Tim Harper - Corporate Finance


Andrew Burdis / Barney Hayward - ECM




Alma PR

+44(0)20 3405 0212

Financial PR and IR


David Ison / Caroline Forde / Josh Royston / Kieran Breheny


 

Notes to editors:

 

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

 

The full suite includes: Improved Harness Technology™ ("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. The Company has acquired a third site in Stonehouse Gloucestershire initially for its EV programme.

 

Trackwise Designs plc was admitted to trading on AIM in 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TVRLJMATMTBMBMB
UK 100

Latest directors dealings