Director/PDMR Shareholding and Issue of Equity

RNS Number : 1822N
Tracsis PLC
04 May 2018
 

4 May 2018

Tracsis plc

("Tracsis" or the "Group")

 

Director/PDMR Shareholding/Issue of equity

 

 

Tracsis plc, a leading provider of software and services for the traffic data and transportation industry, announces that John Nelson, Non-executive Director has today exercised 25,000 options over ordinary shares of 0.4p each ("Ordinary Shares") at an exercise price of 175 pence per Ordinary Share. Accordingly, Tracsis has today issued 25,000 Ordinary Shares of 0.4p each(the "New Ordinary Shares").

 

As a result of this exercise, Mr Nelson's interests in Tracsis increased to 125,824 Ordinary Shares, representing 0.4% of the issued share capital of Tracsis.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 10 May 2018.

In addition, the Company has today issued a further 15,513 Ordinary Shares (the "Staff Option Shares") following an exercise of Options by employees of the Group. The issuance of the Staff Option Shares is covered by the Company's blocklisting for staff options.

Following the issue of the New Ordinary Shares and the Staff Option Shares, the number of Ordinary Shares in issue will increase to 28,295,247. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 28,295,247 Ordinary Shares with voting rights attached (one vote per Ordinary Share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Tracsis under the DTRs.

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Mr John Nelson

2.

Reason for the notification

(a)

Position/status

Non-executive Director

(b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer

(a)

Name

Tracsis plc

(b)

LEI

N/A

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

Tracsis plc Ordinary Shares of 0.4p each        

(b)

Identification code of the Financial Instrument

ISIN: GB00B28HSF71          

(c)

Nature of the transaction

Exercise of options

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



175p

25,000




(e)

Aggregated information

-               Aggregated volume

-               Price

 

25,000

175p

(f)

Date of the transaction

4 May 2018

(g)

Place of the transaction

London Stock Exchange

 

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

 

Enquiries:

Tracsis plc                                                                                                                                             Tel: 0845 125 9162

John McArthur, CEO

Max Cawthra, CFO

finnCap Ltd                                                                                                                                           Tel: 020 7220 0500

Christopher Raggett/Scott Mathieson, Corporate Finance

Andrew Burdis, Corporate Broking

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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