REG - T42 IOT Tracking Sol - Director Shareholding

t42 IoT Tracking SolutionsAnnouncement

16/12/2021 13:40

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RNS Number : 9313V  T42 IOT Tracking Solutions PLC  16 December 2021

16 December 2021

t42 IoT Tracking Solutions PLC

("t42" or the "Company")

 

Director shareholding

 

The Company (AIM: TRAC), which specialises in the development of wireless,
Internet-of-Things (IoT) based solutions for the remote tracking, monitoring
and protection of a variety of assets, announces the following update
regarding the shareholding of Avi Hartmann, CEO of the Company.

 

On 1 October 2021, it was announced that Avi Hartmann acquired 1,218,000
(9,744,000 pre share consolidation) ordinary shares in the Company from t42
colleagues as a result of their conversion of loan notes ("Loan Notes") into
ordinary shares of the Company (the "Acquisition Shares"). Mr. Hartmann
entered into a share pledge over the Acquisition Shares at the same time but
his total beneficial shareholding in the Company remains unchanged at
5,381,528 ordinary shares, representing approximately 10.25% of the issued
share capital.

 

It was also agreed that in addition to acquiring the Acquisition Shares, Avi
Hartmann would acquire 200,000 of the warrants that were issued as part of the
terms of the Loan Notes, the details of which were announced on 25 March
2020.  Accordingly, Avi Hartman is interested in a total 200,000 warrants
over new ordinary shares in the Company, exercisable at 12p per share and
which expire on 24 March 2022.

 

Details of these transactions are set out in the requisite disclosure forms at
the end of this announcement.

 

Contacts:

 

 Starcom Plc

 Michael Rosenberg, Chairman                                       07785 727595

 Avi Hartmann, CEO                                                 +972 5477 35663
 Allenby Capital Limited (AIM Nominated Adviser and Joint Broker)  020 3328 5656

 Jeremy Porter/Piers Shimwell
 Peterhouse Capital Limited (Joint Broker)                         020 7469 0930

 Lucy Williams/Charles Goodfellow/Eran Zucker
 Yellow Jersey PR (Financial PR)                                   020 3004 9512

 Tom Randell/Henry Wilkinson/Annabelle Wills                       t42@yellowjerseypr.com

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                                                         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  Warrants to subscribe for ordinary shares of no par value

       Identification code

                                                                   Identification code (ISIN) for t42 IoT Tracking Solutions plc ordinary shares:
                                                                   JE00BKVDPL34
 b)   Nature of the transaction                                    Acquisition of warrants to subscribe for ordinary shares of no par value

 c)   Price(s) and volume(s)                                       200,000 warrants to subscribe for ordinary shares at 12p per share

 d)   Aggregated information                                       Price(s)  Volume(s)

                                                            12p       200,000
      - Aggregated volume

 
      - Price
 e)   Date of the transaction                                      1 October 2021
 f)   Place of the transaction                                     Outside a trading venue

 

e)

Date of the transaction

1 October 2021

f)

Place of the transaction

Outside a trading venue

 

 

  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

                                                                   Identification code (ISIN) for t42 IoT Tracking Solutions plc ordinary shares:
                                                                   JE00BKVDPL34
 b)   Nature of the transaction                                    Share pledge to A-Labs Limited
 c)   Price(s) and volume(s)                                       1,218,000 ordinary shares
 d)   Aggregated information                                       Price(s)  Volume(s)

                                                            n/a       1,218,000
      - Aggregated volume

 
      - Price
 e)   Date of the transaction                                      1 October 2021
 f)   Place of the transaction                                     Outside a trading venue

 

e)

Date of the transaction

1 October 2021

f)

Place of the transaction

Outside a trading venue

 

 

 

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