REG - Microlise Group PLC - Statement regarding Trakm8 Holdings plc

MicroliseAnnouncement

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RNS Number : 1234H  Microlise Group PLC  01 May 2025

1 May 2025

 

Microlise Group plc

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

 

Statement regarding Trakm8 Holdings plc

 

Microlise Group plc (AIM: SAAS), a leading provider of transport management
software to fleet operators, notes the announcement of a recommended cash
offer for Trakm8 Holdings plc ("Trakm8")  at a price of 9.5 pence per Trakm8
share, released on 1 May 2025. The Company confirms that it has irrevocably
undertaken to vote in favour of the Scheme at the Court Meeting and the
Special Resolution to be proposed at the General Meeting in respect of the
Company's own beneficial holdings amounting to, in aggregate, 10,000,000
Trakm8 Shares, representing approximately 20.01 per cent. of the existing
issued ordinary share capital of Trakm8.

In addition, Microlise has a £1,000,000 interest bearing loan (FY24: 18%)
outstanding to Trakm8 repayable on 14 September 2025 or convertible, at the
Company's option, into Trakm8 shares at a price of 8.1 pence per share.

 

For further information, please contact:

 Microlise Group plc                                      C/O SEC Newgate

 Nadeem Raza, CEO

 Nick Wightman, CFO

 Singer Capital Markets (Nominated Adviser & Broker)      Tel: 020 7496 3000

 James Moat / Sam Butcher

 SEC Newgate (Financial PR)                               Tel: 020 3757 6880

 Bob Huxford / Molly Gretton / Harry Handyside            Email: microlise@secnewgate.co.uk

 

About Microlise

Microlise Group Plc is a leading provider of transport management software to
fleet operators helping them to improve efficiency, safety, and reduce
emissions. These improvements are delivered through reduced fuel use, reduced
mileage travelled, improved driver performance, fewer accidents, elimination
of paperwork and delivery of an enhanced customer experience.

 

Established in 1982, Microlise is an award-winning business with over 400
enterprise clients. With 463 employees based at the Group's headquarters in
Nottingham in the UK, the Company also has offices in France, Australia, and
India, with a total global staff base of over 670.

 

Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS)
and qualifies for the London Stock Exchange's Green Economy Mark.

 

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