REG - Trakm8 Holdings PLC - Award of Options

Trakm8 HoldingsAnnouncement

19/11/2021 16:00

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RNS Number : 0220T  Trakm8 Holdings PLC  19 November 2021

 For immediate release  19 November 2021

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 Trakm8 Holdings plc

('Trakm8' or the 'Company')

 

Award of Options

 

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight
provider, announces that the Company granted on 18 November 2021 a total of
450,000 options (the "Options") over ordinary shares of 1 pence each
("Ordinary Shares") to certain directors and employees of the Company under
its existing share option plan. This is a routine grant to existing directors
and employees as part of the Company's compensation policy. The Options
granted have an exercise price of 27.0p (being the mid-market closing price of
an Ordinary Share on 17 November 2021), with a 10-year life and vest on 18
November 2024.

 

The Company's share option plan allows for the issue of up to 12% of the
issued share capital by way of options and following this grant a total of
11.3% of the Company's issued share capital will have been granted as options.

 

The Options awarded to certain directors of the Company are:

 

 Director     Position                 Number of Options granted  Total number of Options held
 Matt Cowley  Big Data Director        75,000                     325,000
 Tim Cowley   Strategy Director        50,000                     325,000
 Jon Edwards  Chief Financial Officer  300,000                    400,000

- Ends -

 

For further information:

 Trakm8 Holdings plc
 John Watkins, Executive Chairman                      Tel: +44 (0) 167 543 4200
 Jon Edwards, CFO                                      www.trakm8.com (http://www.trakm8.com/)

 Arden Partners plc (Nominated Adviser & Broker)       Tel: +44 (0) 20 7614 5900
 Paul Shackleton, Corporate Finance                    www.arden-partners.com (http://www.arden-partners.com/)

 Simon Johnson, Corporate Broking

 

About Trakm8

 

Trakm8 is a UK based technology leader in fleet management, insurance
telematics, connected car, and optimisation. Through IP owned technology, the
Group uses AI data analytics collected from its installed base of telematics
units to fine tune the algorithms that are used to produce its' solutions;
these monitor driver behaviour, identify crash events and monitor vehicle
health to provide actionable insights to continuously improve the security and
operational efficiency of both company fleets and private drivers.

 

The Group's product portfolio includes the latest data analytics and reporting
portal (Trakm8 Insight), integrated telematics/cameras/optimisation,
self-installed telematics units and one of the widest ranges of installed
telematics devices. Trakm8 has over 255,000 connections.

 

Headquartered in Coleshill near Birmingham alongside its manufacturing
facility, the Group supplies to the Fleet, Optimisation, Insurance and
Automotive sectors to many well-known customers in the UK and internationally
including the AA, Saint Gobain, EON, Iceland Foods, Parts Alliance, Direct
Line Group, ByMiles and Ingenie.

 

Trakm8 has been listed on the AIM market of the London Stock Exchange since
2005. Trakm8 is also recognised with the LSE Green Economy Mark.

 

www.trakm8.com (http://www.trakm8.com/)  / @Trakm8

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Matt Cowley, Big Data Director

                                                                   Tim Cowley, Strategy Director

                                                                   Jon Edwards, Chief Financial Officer
 2    Reason for the notification
 a)   Position/status                                              All Directors of the Company
 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Trakm8 Holdings plc
 b)   LEI                                                          213800I7RQRIKCSHY846
 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 1p each in Trakm8 Holdings plc

      Identification code

                                                                   Identification code (ISIN) for Trakm8 Holdings plc ordinary shares:
                                                                   GB00B0P1RP10
 b)   Nature of the transaction                                    Issue of Options over Ordinary Shares
 c)   Price(s) and volume(s)                                       1.  Matt Cowley: 75,000 options to acquire Ordinary Shares at an exercise
                                                                   price of 27.0p per share.

                                                                   2.  Tim Cowley: 50,000 options to acquire Ordinary Shares at an exercise
                                                                   price of 27.0p per share.

                                                                   3.  Jon Edwards: 300,000 options to acquire Ordinary Shares at an exercise
                                                                   price of 27.0p per share.

 d)   Aggregated information                                       N/A, see 4 (c) above

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      18 November 2021
 f)   Place of the transaction                                     Outside a trading venue

 

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