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Trakm8 Holdings PLC (TRAK)

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Monday 27 July, 2020

Trakm8 Holdings PLC

Award of options

RNS Number : 1971U
Trakm8 Holdings PLC
27 July 2020
 

For immediate release

27 July 2020

 

Trakm8 Holdings plc

('Trakm8' or the 'Company')

 

Award of options

 

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider, announces that the Company granted on 24 July 2020 a total of 1,100,000 ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to certain directors and employees of the Company under its existing share option plan.   This is a routine grant to new and existing employees as part of the Company's compensation policy.  The Options granted to the Directors have an exercise price of 32.5p per Ordinary Share, vest on 24 July 2023 and may only be exercised if the mid-market share price is 50 pence of more at the time of exercise.  The Options granted to other employees have an exercise price of 20.0p (being the mid-market closing price of an Ordinary Share on 24 July 2020) and vest on 24 July 2023. 

 

The Company's share option plan allows for the issue of up to 12% of the issued share capital by way of options and following this grant a total of 8.2% of the Company's issued share capital will have been granted as options.

 

The Options awarded to certain directors of the Company are:

Director

Position

Number of Options granted

Total number of Options held

John Watkins

Executive Chairman

100,000

775,000

Jon Furber

Group Finance Director

100,000

700,000

Mark Watkins

Chief Operating Officer

100,000

675,000

Peter Mansfield

Group Sales and Marketing Director

400,000

400,000

Nadeem Raza

Non-Executive Director

25,000

25,000

Penny Searles

Non-Executive Director

25,000

25,000

 

 

- Ends -

 

For further information:

 

Trakm8 Holdings plc


John Watkins, Executive Chairman

Tel: +44 (0) 1675 434 200

Jon Furber, Finance Director

www.trakm8.com

 

 


Arden Partners plc (Nominated Adviser & Broker)

Tel: +44 (0) 20 7614 5900

Paul Shackleton

 

www.arden-partners.com

 

Notes to Editors

Trakm8 is a UK based technology leader in fleet management, insurance telematics, connected car, and optimisation. Through IP owned technology, the Group analyses data collected by its installed base of telematics units to fine tune the algorithms that are used to produce its' solutions; these monitor driver behaviour, identify crash events and monitor vehicle health to provide actionable insights to continuously improve the security and operational efficiency of both company fleets and private drivers.

 

The Group's product portfolio includes the latest data analytics and reporting portal (Trakm8 Insight), integrated telematics/cameras/optimisation, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 245,000 connections.

 

Headquartered in Coleshill near Birmingham alongside its manufacturing facility, the Group supplies to the Fleet, Optimisation, Insurance and Automotive sectors to many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Iceland Foods, Scottish Power, Direct Line Group, LexisNexis and Ingenie.

 

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

 

www.trakm8.com / @Trakm8

 

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

1.  John Watkins  Executive Chairman

2.  Jon Furber  Group Finance Director

3.  Mark Watkins  Chief Operating Officer

4.  Peter Mansfield  Group Sales and Marketing Director

5.  Nadeem Raza  Non-Executive Director

6.  Penny Searles  Non-Executive Director

2

Reason for the notification

a)

Position/status

All Directors of the Company

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Trakm8 Holdings plc

b)

LEI

213800I7RQRIKCSHY846

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

 

Identification code

Ordinary shares of 1p each in Trakm8 Holdings plc

 

 

Identification code (ISIN) for Trakm8 Holdings plc ordinary shares: GB00B0P1RP10

b)

Nature of the transaction

Issue of Options over Ordinary Shares

c)

Price(s) and volume(s)

1.  John Watkins: 100,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share.

2.  Jon Furber: 100,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share.

3.  Mark Watkins: 100,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share.

4.  Peter Mansfield: 400,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share.

5.  Nadeem Raza: 25,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share.

6.  Penny Searles: 25,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share.

 

d)

Aggregated information

- Aggregated volume

- Price

N/A, see 4 (c) above

e)

Date of the transaction

24 July 2020

f)

Place of the transaction

Outside a trading venue

 

 


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 [email protected] or visit www.rns.com.
 
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