REG - T42 IOT Tracking Sol - Exercise of warrants - Director shareholding

t42 IoT Tracking SolutionsAnnouncement

11/03/2022 07:00

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RNS Number : 4225E  T42 IOT Tracking Solutions PLC  11 March 2022

11 March 2022

t42 IoT Tracking Solutions PLC

("t42" or the "Company")

 

Exercise of warrants - Director shareholding

 

t42 (AIM: TRAC), the real-time tracking, security and monitoring solutions
provider for the global container and freight market, announces that 500,000
ordinary shares of no par value ("Ordinary Shares") are being issued at a
price of 12p per share following the exercise of warrants by Avi Hartmann,
Igor Vatenmacher, Michael Rosenberg and a t42 employee. The warrants were
granted in connection with the loans entered into with the Company announced
on 25 March 2020.

 

Application will be made for the new Ordinary shares, which will rank pari
passu with the Company's existing Ordinary Shares, to be admitted to trading
on AIM ("Admission").  It is anticipated that Admission will become effective
at 8.00 a.m. on or around 16 March 2022.

 

Following the issue of the new Ordinary Shares, the respective directors will
have the following interests in the Company's enlarged issued share capital:

 

 Following the issue of the new Ordinary Shares
 Director           Number of Ordinary Shares held  Percentage of issued ordinary share capital
 Avi Hartmann       5,581,528                       10.53%
 Igor Vatenmacher   393,000                         0.74%
 Michael Rosenberg  2,278,299                       4.30%

 

The FCA notification, made in accordance with the requirements of the UK
Market Abuse Regulation is appended below.

 

Total voting rights

 

On Admission, the Company's enlarged issued share capital will comprise
53,026,822 Ordinary Shares.  The Company does not hold any shares in
treasury.  Therefore, the total number of Ordinary Shares with voting rights
in the Company will be 53,026,822.  This figure may be used by shareholders
in the Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change in
their interest in, the voting rights of 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

 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 (mailto:t42@yellowjerseypr.com)

 

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 and 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/)

 

Information required pursuant to rule 26 of the AIM Rules for Companies can be
found at  www.starcomsystems.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.starcomsystems.com%2F&data=04%7C01%7C%7C3addcb65a0c94052a6fb08d9cf90c035%7Cfc69750aedcc43bebd5b2cbe6f8d8c37%7C0%7C0%7C637769042874699189%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=F3frAfO0Y2OTgmn9tmomlJpMV5LLmwRpwup7Xb8p1sk%3D&reserved=0)
 

 

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 (CEO)

                                                                     Igor Vatenmacher (CFO)

                                                                    Michael Rosenberg (Chairman)
 2.    Reason for the Notification
 a)    Position/status                                              See 1a) above
 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                                          ISIN: JE00BKVDPL34
 b)    Nature of the transaction                                    Exercise of warrants

 c)    Price(s) and volume(s)                                       Director/PDMR      Price(s)  Volume(s)
                                                                    Avi Hartmann        12p      200,000
                                                                    Igor Vatenmacher    12p      50,000

                                                                    Michael Rosenberg  12p       200,000

 
 d)    Aggregated information:

       - Aggregated volume                                          450,000

       - Price                                                      N/A
 e)    Date of the transaction                                      10 March 2022
 f)    Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

- Aggregated volume

- Price

 

450,000

N/A

e)

Date of the transaction

10 March 2022

f)

Place of the transaction

Outside a trading venue

 

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