REG - Trakm8 Holdings PLCBelgravium Tech - Statement regarding Belgravium Technologies plc <Origin Href="QuoteRef">BVM.L</Origin> <Origin Href="QuoteRef">TKM8.L</Origin>

Trakm8 HoldingsAnnouncement

06/09/2014 14:48

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RNS Number : 1439M
Trakm8 Holdings PLC
11 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 
 
This is an announcement falling under Rule 2.8 of the City Code on Takeovers
and Mergers (the "Code") 
 
   
 
 
TRAKM8 HOLDINGS PLC 
 
("Trakm8" or the "Group") 
 
Statement regarding Belgravium Technologies plc 
 
Rule 2.8 Announcement 
 
On 8 July 2014 Trakm8, the AIM-listed designer, developer and manufacturer of
GPRS based hardware and software for the vehicle placement and security
market, confirmed that it had made a preliminary approach regarding a possible
offer for the entire issued and to be issued share capital of Belgravium
Technologies plc ("Belgravium"). These discussions have not led to an
agreement to proceed with an offer and accordingly talks have now terminated. 
 
Under Rule 2.8 of the City Code on Takeovers and Mergers, Trakm8, and any
person deemed to be acting in concert with it, is restricted from announcing
an offer or possible offer for Belgravium (and/or taking any other action
which could otherwise be restricted under Rule 2.8 of the Code) within the
next six months following the date of this announcement except in the
circumstances set out in Note 2 to Rule 2.8 of the Code. 
 
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. 
 
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. 
 
This information is provided by RNS
The company news service from the London Stock Exchange