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

TracsisAnnouncement

10/12/2015 07:12

RNS Number : 5843I
Tracsis PLC
10 December 2015
Tracsis plc
("Tracsis" or the "Company")
Directors Dealing - Exercise of Options
Tracsis announces that it received on 9 December 2015, notice of exercise of options from the following Directors: 
John McArthur, Chief Executive Officer, exercised 100,000 options at an exercise price of 175p per share from a share option agreement dated 2013. In order to satisfy exercise costs 34,650 shares were disposed at a price of 5.05. As a result of this transaction, Mr McArthur's interests in the company increased from 1,117,433 to 1,182,783 representing 4.34% of the total voting rights of the Company. 
Max Cawthra, Finance Director, exercised 150,000 options at an exercise price of 89p per share from a share option agreement dated 2012. In order to satisfy exercise costs 26,140 shares were disposed at a price of 5.05. As a result of this transaction, Mr Cawthra's interests in the company increased from 54,000 to 177,860 representing 0.65% of the total voting rights of the Company. 
A summary of these transactions and resulting holdings in Tracsis is as follows:

Share holding prior to exercise 
Option holding prior to exercise 
Options exercised today
Shares sold today
Resulting Share
Holding
% of issued share capital







Max Cawthra
54,000
160,162
150,000
(26,140)
177,860
0.65%
John McArthur
1,117,433
100,000
100,000
(34,650)
1,182,783
4.34%
Accordingly, the Company has today issued 250,000 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 16 December 2015. 
Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 27,229,892. 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 27,229,892 Ordinary Shares with voting rights attached (one vote per Ordinary 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:
Max Cawthra/John McArthur, Tracsis plc
Tel: 0845 125 9162
Dominic Emery/Matt Lewis, Investec Bank plc
Tel: 020 7597 4000
Rebecca Sanders Hewett, Redleaf PR
Tel: 0207 382 4730
Tracsis@redleafpr.com

This information is provided by RNS
The company news service from the London Stock Exchange
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