REG - T42 IOT Tracking Sol - Equity Fundraise Exercise of Options

t42 IoT Tracking SolutionsAnnouncement

16/10/2023 11:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231016:nRSP2532Qa&default-theme=true

RNS Number : 2532Q  T42 IOT Tracking Solutions PLC  16 October 2023

16 October 2023

 

t42 IoT Tracking Solutions plc

 

Director/PDMR dealings

T42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), the
provider of global shipping containers tracking solutions, notifies the
following transactions by Directors and senior management in ordinary shares
of no-par value each in the capital of the Company ("Ordinary Shares").

 

Avi Hartmann and Igor Vatenmacher, each an executive director, and Uri
Hartmann, CTO, have subscribed for an aggregate 360,000 new Ordinary Shares at
3.5 pence per shares, for gross proceeds of £12,600 to the Company
("Subscription"). The Subscription price represents a premium of approximately
14.38 per cent. to the mid-market closing price on AIM of 3.06 pence per
Ordinary Share on 13 October 2023, being the latest practicable business day
prior to the date of this announcement.

 

While only a small investment, given ongoing events in Israel, the preference
was to subscribe for new Ordinary Shares to demonstrate confidence of
management during these difficult times.

 

In addition, Michael Rosenberg, Non-Executive Chairman, and Martin Blair,
Non-Executive Director have exercised 279,070 and 251,163 options over
Ordinary Shares, respectively, pursuant to the options granted to them under
the Company's share option scheme in lieu of salary and fees, as announced on
23 June 2021 and 15 July 2021. The options were exercisable at nil cost and
will be satisfied by the issue of 530,233 new Ordinary Shares (the "Option
Shares").

 

These transactions are set out in the table below.

 

 Name                 No. of Subscription Shares to be issued  No. of Option Shares to be issued  Total no. of Ordinary Shares held on Admission  Percentage of issued share capital of the Company held on Admission
 Avi Hartmann         180,000                                                                     5,761,528                                       10.49
 Igor Vatenmacher     60,000                                                                      453,000                                         0.82
 Uri Hartmann (PDMR)  120,000                                                                     3,069,742                                       5.59
 Michael Rosenberg                                             279,070                            2,557,369                                       4.66
 Martin Blair                                                  251,163                            577,413                                         1.05

 

Admission and Total Voting Rights

 

Application will be made to the London Stock Exchange for 890,233 new Ordinary
Shares to be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective and that dealings in the new Ordinary Shares
on AIM will commence at 8.00 a.m. on or around 19 October 2023.

 

On Admission, the Company's issued share capital will consist of 54,917,055
Ordinary Shares, each with one voting right.  There are no shares held in
treasury. Therefore, the Company's total number of Ordinary Shares and voting
rights will be 54,917,055 and this figure may be used by shareholders
following Admission as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

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

 

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/) .

 

 

 

 

PDMR Notification Form:

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1)   Avi Hartmann

                                                                  2)   Igor Vatenmacher

                                                                  3)   Uri Hartmann

 2.  Reason for the Notification
 a)  Position/status                                              1)   Chief Executive Officer

                                                                  2)   Chief Financial Officer

                                                                  3)   PDMR (CTO)

 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 each in the share capital of t42 IoT Tracking
                                                                  Solutions plc
     Identification code                                          JE00BKVDPL34
 b)  Nature of the Transaction                                    Participation in Subscription of new Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)      Volume(s)
                                                                  1)   3.5p     1)   180,000

                                                                  2)   3.5p     2)   60,000

                                                                  3)   3.5p     3)   120,000
 d)  Aggregated information                                       360,000 shares at 3.5p per share

     Aggregated volume Price
 e)  Date of the transaction                                      16 June 2023
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information

Aggregated volume Price

360,000 shares at 3.5p per share

e)

Date of the transaction

16 June 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1)   Michael Rosenberg

                                                                  2)   Martin Blair
 2.  Reason for the Notification
 a)  Position/status                                              1)   Non-Executive Chairman

                                                                  2)   Non-Executive Director
 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 each in the share capital of t42 IoT Tracking
                                                                  Solutions plc
     Identification code                                          JE00BKVDPL34
 b)  Nature of the Transaction                                    Exercise of Options
 c)  Price(s) and volume(s)                                       Price(s)     Volume(s)
                                                                  1)   n/a     1)   279,070

                                                                  2)   n/a     2)   251,163
 d)  Aggregated information                                       n/a

     Aggregated volume Price
 e)  Date of the transaction                                      16 June 2023
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information

Aggregated volume Price

n/a

e)

Date of the transaction

16 June 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

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  IOEBGBDGBBBDGXL