REG - Tracsis PLC - Board Changes

TracsisAnnouncement

11/03/2024 07:00

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RNS Number : 1769G  Tracsis PLC  11 March 2024

11 March 2024

 

Tracsis plc

("Tracsis" or "the Group")

 

Board Changes

 

Tracsis, a leading transport technology provider, today announces the
following changes to its Board of Directors as part of the Board's long-term
succession planning.

 

Ross Paterson to join the Board as a Non-Executive Director

 

Tracsis is pleased to announce that Ross Paterson will join the Board as a
Non-Executive Director on 2(nd) April 2024.

 

Ross is a former Chief Financial Officer of Stagecoach Group and Non-Executive
Director of Virgin Rail Group. He has extensive experience of managing finance
& risk and delivering strategic growth in an international UK-listed
business, and has significant knowledge of the transport sector from his
executive career with Stagecoach Group. He is currently a Non-Executive
Director and Audit & Risk Committee Chair of the FTSE 100 company, The
Unite Group plc. He is a member of the Institute of Chartered Accountants of
Scotland.

 

Liz Richards to step down from the Board

 

Liz Richards will step down from the Board on 30(th) June 2024. Liz joined the
Tracsis Board in September 2016 and has been Chair of the Audit Committee
since that date. Ross Paterson will succeed Liz as Chair of the Audit
Committee on 30(th) June 2024.

 

Jill Easterbrook, Non-Executive Chair of Tracsis, commented: "On behalf of the
Board and everyone at Tracsis I would like to thank Liz for her significant
contribution to Tracsis' success and growth over the last eight years,
including her assured leadership of the Audit Committee. I look forward to
welcoming Ross, who brings a wealth of experience and is a great fit with our
business"

 

 

 Enquiries:

 Tracsis plc                                                                                                     Tel: 0845 125 9162

 Chris Barnes, CEO
 Andy Kelly, CFO

 Cavendish Capital Markets Limited                                                                               Tel: 020 7220 0500
 Jonny Franklin-Adams/Giles Balleny/Charlie Beeson, Corporate Finance
 Andrew Burdis/Sunila de Silva, Corporate Broking

 Alma                                                                                                            Tel: 020 3405 0205
 David Ison/Rebecca Sanders-Hewett/Joe Pederzolli                                                                tracsis@almastrategic.com

 

Relevant disclosures:

 

The following disclosures are required under Rule 17 and Schedule Two,
paragraph (g) of the AIM Rules for Companies:

 

 Full name:                                                              Ross John Paterson
 Age:                                                                    52
 Shares held in the Company:                                             None

 Current directorships and/or partnerships:                              The Unite Group plc

 Historic directorships and/or partnerships within the last five years:  East Coast Main Line Company Limited

                                                                         Inter City Railways Limited
                                                                         Stagecoach Bus Holdings Limited
                                                                         Stagecoach East Midlands Trains Limited
                                                                         Stagecoach Group Limited (formerly, Stagecoach Group plc)
                                                                         Stagecoach Holdings Limited
                                                                         Stagecoach Rail Holdings Limited
                                                                         Stagecoach Rail Operations Limited
                                                                         Stagecoach Services Limited
                                                                         Stagecoach South Eastern Trains Limited
                                                                         Stagecoach South West Limited
                                                                         Stagecoach South Western Trains Limited
                                                                         Stagecoach Technology Limited
                                                                         Stagecoach Transport Holdings Limited
                                                                         Stagecoach West Coast Trains Limited
                                                                         Travelhero Limited
                                                                         WCT Group Holdings Limited
                                                                         West Coast Partnership Limited
                                                                         West Coast Trains Partnership Limited

 

There is no further information to be disclosed in relation to the appointment
pursuant to Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for
Companies.

 

 

Notes to editors:

 

·    Tracsis plc is a technology company and a leading provider of
software and hardware products, data capture and data analytics/GIS services
for the rail, traffic data and wider transport industries.

 

·   Tracsis' products and services are widely used to increase efficiency,
reduce cost and risk, improve operational and asset performance, improve
safety management and decision making capabilities and improve the overall
end-user experience for clients and customers.

 

·    The Group is split into two principal operating areas built around
detailed industry knowledge and expertise:

 

-    Rail Technology & Services:  A software, technology and product
led business. It develops and supplies software that solves complex resource,
asset optimisation and control problems for Train Operators, and Smart
Ticketing, Delay Repay and other retail software to improve the customer
experience for rail users. It also develops remote condition monitoring
hardware, data acquisition software, and safety and risk management software
for rail infrastructure providers.

-    Data, Analytics, Consultancy & Events: A largely services led
business that focuses on data capture, data analytics, GIS, earth observation,
data insights, consultancy and event traffic management within a range of
transport and pedestrian rich environments.  The business provides technology
and bespoke products and data that underpin large scale intelligent transport
systems, smart city planning and positive environmental decision making.

 

·    Tracsis has a blue-chip client base which includes all major UK
transport owning groups, Network Rail, Passenger and Freight Train Operating
Companies, the Department for Transport, TfL, multiple local authorities,
major outdoor music and sporting event organisers, and a wide variety of large
engineering and infrastructure companies. In North America our clients include
Class 1 rail freight companies, transit operators, shortline railroads and
several large rail served ports and industrials.

 

·    The business drives growth both organically and through acquisition
and has made seventeen acquisitions since 2008.

 

For more information on Tracsis please visit http://www.tracsis.com
(http://www.tracsis.com)

 

 

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