REG - Trakm8 Holdings PLCBelgravium Tech - Statement re. Possible Offer for Belgravium Tech <Origin Href="QuoteRef">BVM.L</Origin> <Origin Href="QuoteRef">TKM8.L</Origin>

Trakm8 HoldingsAnnouncement

06/09/2014 02:41

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20140708:nRSH6690La


RNS Number : 6690L
Trakm8 Holdings PLC
08 July 2014 
 
Not for release, publication or distribution in whole or in part, in or into
the United States, Canada, Australia, Japan, New Zealand, Russia, South Africa
or any other jurisdiction where to do so would be unlawful 
 
   
 
 
TRAKM8 HOLDINGS PLC 
 
("Trakm8" or the "Group") 
 
Statement re. Possible Offer for Belgravium Technologies plc 
 
and 
 
Rule 2.10 Announcement 
 
Trakm8, the AIM-listed designer, developer and manufacturer of GPRS based
hardware and software for the vehicle placement and security market, notes the
announcement made yesterday (7 July 2014) by Belgravium Technologies plc and
confirms that it has made a preliminary approach. 
 
There can be no certainty that an offer will be made, nor as to the terms on
which any offer might be made. 
 
A further announcement will be made as and when appropriate. 
 
Rule 2.10 
 
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the
Group confirms that it has in issue 28,798,821 ordinary shares of £0.01 each
("Ordinary Shares"), excluding 75,000 Ordinary Shares held in treasury. The
International Securities Identification Number for Trakm8 Ordinary Shares is
GB00B0P1RP10. 
 
-ends- 
 
For further information please contact: 
 
 Trakm8 Holdings plc                                                                    01747 858444   
 John Watkins, Executive Chairman                                                                      
 James Hedges, Finance Director                                                                        
 MHP Communications (Financial PR to Trakm8)                                            020 3128 8100  
 Reg Hoare / Vicky Watkins                                                                             
                                                                                                       
 finnCap (Nomad & Broker to Trakm8)                                                     020 7220 0500  
 Ed Frisby / Christopher Raggett - corporate financeJoanna Weaving - corporate broking                 
 
 
Notes to Editors 
 
Trakm8 
 
Trakm8, the M2M telematics company using Big Data analytics to improve driver
behaviour is a leading technology designer, developer and manufacturer of
telematics products and solutions. 
 
The Group, based in Shaftesbury, Dorset, distributes its hardware and software
through a network of distributors worldwide. In addition the Group provides
vehicle monitoring and tracking services direct to the B2B market.  Trakm8's
IP owned products and services allow vehicles and drivers to be monitored,
allowing organisations to manage deliveries and services, or track stolen
vehicles down to five metres. 
 
Recently Trakm8 have developed the T10 product range, which includes a
self-installed telematics device. The Group's services also include driver
behaviour management solutions that can reduce fuel consumption by 10% or
more, reduce risk of accidents, logistics routing & scheduling packages, and
tachograph data reporting. The Group's customers include Direct Line Group,
Eon, St Gobain, the AA, Fujitsu and Kubota. 
 
Trakm8 has been listed on the AIM market of the London Stock Exchange since
2005. 
 
www.trakm8.com 
 
finnCap Limited which is regulated in the United Kingdom by The Financial
Conduct Authority is acting for the Company in relation to the matters
described in this announcement and is not advising any other person, and
accordingly will not be responsible to anyone other than the Company for
providing the protections afforded to customers of finnCap or for providing
advice in relation to the matters described in this announcement. 
 
This announcement is not intended to, and does not, constitute or form part of
any offer, invitation or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of, any securities whether
pursuant to this announcement or otherwise. The distribution of this
announcement in jurisdictions outside the United Kingdom may be restricted by
law and therefore persons into whose possession this announcement comes should
inform themselves about, and observe, such restrictions. A failure to comply
with the restrictions may constitute a violation of the securities laws of any
jurisdiction. 
 
Publication on website 
 
A copy of this announcement will be made available (subject to certain
restrictions relating to persons resident in restricted jurisdictions) at
www.trakm8.com by no later than 12 noon (London time) on the business day
following the release of this announcement in accordance with Rule 30.4 of the
Code. The content of the website referred to in this announcement is not
incorporated into and does not form part of this announcement. 
 
Disclosure requirements of the Takeover Code (the "Code") 
 
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of
any class of relevant securities of an offeree company or of any securities
exchange offeror (being any offeror other than an offeror in respect of which
it has been announced that its offer is, or is likely to be, solely in cash)
must make an Opening Position Disclosure following the commencement of the
offer period and, if later, following the announcement in which any securities
exchange offeror is first identified. An Opening Position Disclosure must
contain details of the person's interests and short positions in, and rights
to subscribe for, any relevant securities of each of (i) the offeree company
and (ii) any securities exchange offeror(s). An Opening Position Disclosure by
a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm
(London time) on the 10th business day following the commencement of the offer
period and, if appropriate, by no later than 3.30 pm (London time) on the 10th
business day following the announcement in which any securities exchange
offeror is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead make a
Dealing Disclosure. 
 
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%
or more of any class of relevant securities of the offeree company or of any
securities exchange offeror must make a Dealing Disclosure if the person deals
in any relevant securities of the offeree company or of any securities
exchange offeror. A Dealing Disclosure must contain details of the dealing
concerned and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree company and
(ii) any securities exchange offeror, save to the extent that these details
have previously been disclosed under Rule 8. A Dealing Disclosure by a person
to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London
time) on the business day following the date of the relevant dealing. 
 
If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company or a securities exchange offeror, they will
be deemed to be a single person for the purpose of Rule 8.3. 
 
Opening Position Disclosures must also be made by the offeree company and by
any offeror and Dealing Disclosures must also be made by the offeree company,
by any offeror and by any persons acting in concert with any of them (see
Rules 8.1, 8.2 and 8.4). 
 
Details of the offeree and offeror companies in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made
can be found in the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. You should contact the Panel's Market Surveillance Unit on
+44 (0)20 7638 0129 if you are in any doubt as to whether you are required to
make an Opening Position Disclosure or a Dealing Disclosure. 
 
This information is provided by RNS
The company news service from the London Stock Exchange