REG - Trakm8 Holdings PLC - Completion of Nominated Adviser due diligence

Trakm8 HoldingsAnnouncement

22/07/2022 07:00

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RNS Number : 3531T  Trakm8 Holdings PLC  22 July 2022

22 July 2022

 

Trakm8 Holdings plc

 

("Trakm8", the "Group" or the "Company")

 

Completion of Nominated Adviser due diligence

 

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight
provider, is pleased to announce that, further to the announcement on 27 April
2022, Allenby Capital Limited has completed its nominated adviser due
diligence and will continue as the Company's Nominated Adviser.

 

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)

 

Allenby Capital Limited (Nominated Adviser &
Broker)                            Tel: +44 (0) 20
3328 5656

David Hart/Liz Kirchner, Corporate Finance
                         www.allenbycapital.com

Tony Quirke, Sales and 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 264,000 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, GSF, Direct Line Group,
Ticker 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 / @Trakm8

 

 

 

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