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Trakm8 Holdings PLC (TRAK)

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Wednesday 09 January, 2019

Trakm8 Holdings PLC

Appointment of Director

RNS Number : 5581M
Trakm8 Holdings PLC
09 January 2019
 

For immediate release

9 January 2019

 

Trakm8 Holdings plc

('Trakm8' or the 'Company')

 

Appointment of Director

 

Trakm8 Holdings plc (AIM: TRAK), a leading telematics and data supplier to global markets, is pleased to announce the appointment of Nadeem Raza as an additional non-executive Director with immediate effect.

 

Mr Raza has been CEO of Microlise Group Holdings Limited ("Microlise"), the fleet technology solutions company, for over 13 years and brings significant industry experience and insight to the Board.

 

Commenting, John Watkins, Executive Chairman of Trakm8 said:

'Following the recent subscription by Microlise, we welcome Nadeem Raza, Microlise CEO, as the third non-executive Director on the Board of the Company.  He has a 20 year career at Microlise with 13  years as CEO.  He will bring strong knowledge of the telematics market, excellent intellect and vigorous challenge to the executive team.'

 

The following information regarding Nadeem Raza (aged 51) appointment is required to be disclosed under Schedule 2g of the AIM Rules for Companies:

 

Other directorships held:

Current

Past

Microlise Group Holdings Limited

None

Microlise Holdings Limited


Microlise Group Limited


Microlise Limited


Microlise Engineering Limited


Microlise Pty Limited


Microlise Telematics Pty Limited


Microlise SAS


 

Mr Raza holds 178,622 Ordinary Shares in Trakm8.  Mr Raza is the CEO and principle shareholder in Microlise which, as at the date of this document, hold 10,000,000 ordinary shares in the Company.

 

There are no further disclosures to be made under Schedule 2g of the AIM Rules for Companies.

 

- Ends -

 

For further information:

Trakm8 Holdings plc


John Watkins, Executive Chairman

Tel: +44 (0) 167 543 4200

Jon Furber, Finance Director

www.trakm8.com

 


Arden Partners plc (Nominated Adviser & Broker)

Tel: +44 (0) 20 7614 5900

Paul Shackleton / Alex Penney

www.arden-partners.com

 

Media enquiries:

Buchanan

 

Chris Lane / Tilly Abraham

Tel: +44 (0) 20 7466 5000

[email protected]

www.buchanan.uk.com

 

About Trakm8

 

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 and reporting portal (Trakm8 Insight), integrated telematics/cameras, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 250,000 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, Direct Line Group and Young Marmalade.

 

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

 

www.trakm8.com / @Trakm8


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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