REG - Trakm8 Holdings PLC - Issue of Options

Iberdrola SAAnnouncement

30/11/2020 08:14

RNS Number : 8308G
  
Trakm8 Holdings PLC
  
30 November 2020
  
 




For immediate release


30 November 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 27 November 2020 a total of 250,000 ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to certain directors of the Company under its existing share option plan.    This is a routine grant 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 27 November 2023 and may only be exercised if the mid-market share price is 50 pence or more at the time of exercise.   
 
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 9.0% 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




Tim Cowley


Strategy Director


100,000


275,000




Matt Cowley


Big Data Director


100,000


250,000




Mark Watkins


Chief Operating Officer


25,000


700,000




Keith Evans


Non-Executive Deputy Chairman


25,000


150,000



 
 
- 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, Head of Corporate Finance
Simon Johnson, Head of Sales


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, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 253,000 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.    Tim Cowley                     Strategy Director
2.    Matt Cowley                   Big Data Director
3.    Mark Watkins                 Chief Operating Officer
4.    Keith Evans                     Non-Executive Deputy Chairman
 




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.    Tim Cowley: 100,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share.
2.    Matt Cowley: 100,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share.
3.    Mark Watkins: 25,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share.
4.    Keith Evans: 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


27 November 2020




f)


Place of the transaction


Outside a trading venue



 
 

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