REG - T42 IOT Tracking Sol - Director's Share Transfer

t42 IoT Tracking SolutionsAnnouncement

22/08/2024 08:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240822:nRSV4151Ba&default-theme=true

RNS Number : 4151B  T42 IOT Tracking Solutions PLC  22 August 2024

22 August 2024

t42 IoT Tracking Solutions PLC

("t42" or the "Company")

Director's Share Transfer

t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"),  one of
the global leaders in the field of real time tracking and monitoring of
shipping containers, announces that it has been notified that on 21 August
2024 the Company's Chief Executive Officer, Avi Hartmann, transferred
1,318,000 ordinary shares of nil par value each in the capital of the Company
("Ordinary Shares") to A-Labs Finance and Advisory Ltd., in satisfaction and
full repayment of a loan of approximately £127k.

Accordingly, Avi Hartmann is now interested in 4,443,528 Ordinary Shares,
representing approximately 8.06% of the Company's existing issued share
capital.

 Contacts:

 t42 IoT Tracking Solutions PLC

 Michael Rosenberg, Chairman                                       07785 727595

 Avi Hartmann, CEO                                                 +972 5477 35663
 Strand Hanson Limited (Nominated Adviser and Financial Adviser)   020 7409 3494

 James Harris/ Richard Johnson/ Robert Collins
 Peterhouse Capital Limited                                        020 7469 0930

 Lucy Williams/Charles Goodfellow/Eran Zucker

 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:
https://www.t42.co.uk/

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

PDMR Notification Form:

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Avi Hartmann
 2.  Reason for the Notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         T42 IoT Tracking Solutions PLC
 b)  LEI                                                          213800XVU7WF3QMF4826
 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  Ordinary shares of no par value
     Identification code                                          JE00BKVDPL34
 b)  Nature of the Transaction                                    Transfer of Ordinary Shares in settlement of loan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  n/a       1,318,000
 d)  Aggregated information                                       n/a

     Aggregated volume Price                                      n/a
 e)  Date of the transaction                                      21 August 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

Aggregated volume Price

n/a

n/a

e)

Date of the transaction

21 August 2024

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
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  DSHDLLBLZVLLBBX