REG - T42 IOT Tracking Sol - Notice of AGM

t42 IoT Tracking SolutionsAnnouncement

22/05/2026 16:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260522:nRSV5243Fa&default-theme=true

RNS Number : 5243F  T42 IOT Tracking Solutions PLC  22 May 2026

22 May 2026

t42 IoT Tracking Solutions plc
("t42" or the "Company")

Notice of AGM

T42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), a leading
provider of global shipping container tracking solutions, announces that its
Notice of Annual General Meeting ("AGM") has been published and will be
available on the Company's website at: www.t42.co.uk/ (http://www.t42.co.uk/)
.

The Company's AGM will be held at 11.00 a.m. BST on 11 June 2026 at 96
Ramatayim Rd, Hod Hasharon, Israel 453 2532.

The Notice of AGM includes certain resolutions seeking shareholder approval in
relation to remuneration proposals for certain directors following
recommendation by the Remuneration Committee, including a one-time bonus
payment to Avi Hartmann, CEO, of $350,000. Mr Hartmann has not received any
increase in remuneration or bonus since the Company's IPO in 2013. The
proposed bonus is to be paid, subject to shareholder approval, either in cash
by 31 December 2026 ($250,000) and by 31 December 2027 ($100,000) or, at the
election of the directors (excluding Mr Hartmann), in new T42 shares by
reference to the 5-day average share price at the time of issuance, with such
shares to be issued no later than three months after the relevant tranche
payment date.

Related party transaction

The abovementioned proposed bonus to Mr Hartmann is deemed a related party
transaction pursuant to the AIM Rules. Michael Rosenberg, Igor Vatenmacher and
Martin Blair, being the directors independent of the proposed bonus, consider,
that the terms of the bonus are fair and reasonable in so far as Shareholders
are concerned.

Contacts:

 t42 IoT Tracking Solutions PLC

 Michael Rosenberg, Chairman                                               07785 727595

 Avi Hartmann, CEO                                                         +972 544735663
 Strand Hanson Limited (Nominated Adviser, Financial Adviser and Broker)   020 7409 3494

 James Harris/ Richard Johnson/ Imogen Ellis

 Notes to Editors

t42 IoT Tracking Solutions plc (AIM: TRAC), formerly Starcom Systems plc,
provides real-time tracking, analysis, monitoring, and security IoT solutions
for the global container and freight market and covers 55 countries, over 100
distributors, and 50 logistics and support partners.

t42's multi-sensor IoT tracking devices use a wide range of detection
capabilities with cloud-based analytics and alerts, with real-time data
transmission, analysis, and actionable insights. Its devices are used by
ports, cargo owners, shipping companies, freight forwarders, insurance
companies, customs authorities, homeland security, and police for end-to-end
global container tracking and digital transformation of shipments.

For more information on the Company, please visit: www.t42.co.uk/
(http://www.t42.co.uk/) .

 

 

 

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
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NOASELFIEEMSEFI



            Copyright 2019 Regulatory News Service, all rights reserved