REG - Tracsis PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">TRCS.L</Origin>

TracsisAnnouncement

06/09/2014 16:47

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RNS Number : 5781M
Tracsis PLC
17 July 2014 
 
Tracsis plc 
 
("Tracsis" or the "Company") 
 
Directors Dealing - Exercise of Options 
 
Tracsis announces that it received on 16 July 2014, notice of exercise of
options from the following Directors: 
 
John McArthur, Chief Executive Officer, exercised 140,000 options at an
exercise price of 52p per share from a share option agreement dated 2009.  No
shares were sold in order to satisfy exercise costs.  As a result of this, Mr
McArthur's interests in the company increased to 1,112,474 representing 4.2%
of the total voting rights of the Company. 
 
Max Cawthra, Finance Director, exercised 75,000 options at an exercise price
of 49.5p per share from a share option agreement dated 2011.  In order to
satisfy exercise costs 25,000 shares were subsequently disposed at a price of
£3.11. As a result of this transaction, Mr Cawthra's interests in the company
increased from 4,000 to 54,000 representing 0.2% of the total voting rights of
the Company. 
 
Charles Winward, a Non-Executive Director exercised 87,517 options at an
exercise price of 40p per share from a share option agreement dated 2007.  In
order to satisfy exercise costs, income tax, national insurance and other
liabilities arising 57,246 shares were subsequently disposed at a price of
£3.11. As a result of this transaction Mr Winward's interests in the company
will increase from 56,500 to 86,771 representing 0.3% of the total voting
rights of the Company. 
 
A summary of these transactions and resulting Directors' holdings in Tracsis
is as follows: 
 
                          Share holding prior to exercise  Option holding prior to exercise  Options exercised today  Shares sold today  Resulting ShareHolding  % of issued share capital  
 Non-Executive Directors                                                                                                                                                                    
 Chris Cole (Chair)       -                                -                                 -                        -                  -                       -                          
 Sean Lippell             -                                50,000                            -                        -                  -                       -                          
 John Nelson              230,824                          25,000                            -                        -                  230,824                 0.9%                       
 Charles Winward          56,500                           137,517                           87,517                   (57,246)           86,771                  0.3%                       
 Executive Directors                                                                                                                                                                        
 Max Cawthra              4,000                            235,162                           75,000                   (25,000)           54,000                  0.2%                       
 John McArthur            972,474                          240,000                           140,000                  -                  1,112,474               4.2%                       
                                                                                                                                                                                            
 Total Interest           1,263,798                        687,679                           302,517                  (82,246)           1,484,069               5.6%                       
 
 
Accordingly, the Company has today issued 302,517 ordinary shares in the
Company "new ordinary shares".  Application has been made for the new ordinary
shares to be admitted to trading on AIM and dealings are expected to commence
on 22 July 2014. 
 
Following the issue of the new shares, the number of Ordinary Shares in issue
will increase to 26,258,114.  For the purposes of the Financial Conduct
Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary
share capital of the Company following this allotment consists of 26,258,114
Shares with voting rights attached (one vote per Share). There are no shares
held in treasury. This total voting rights figure may be used by shareholders
as the denominator for the calculations by which they will determine whether
they are required to notify their interests in, or a change to their interest
in, Tracsis under the DTRs. 
 
For more information please contact: 
 
                                                             
 John McArthur/Max Cawthra, Tracsis plc  Tel: 0845 125 9162  
 Katy Mitchell, WH Ireland Limited       Tel: 0161 832 2174  
 
 
This information is provided by RNS
The company news service from the London Stock Exchange