RNS Number : 9316T
Trakm8 Holdings PLC
25 March 2019
 

For immediate release

25 March 2019

 

Trakm8 Holdings plc

('Trakm8' or the 'Company')

 

Director dealings

 

Trakm8 Holdings plc (AIM: TRAK), a leading telematics and data supplier to global markets, today announces that, on 25 March 2019, Tim Cowley a director of the Company, sold 90,598 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 22 pence per Ordinary Share and then repurchased, into his ISA, the same number of Ordinary Shares in the Company at a price of 22.032 pence per Ordinary Share to facilitate an ISA transfer.

 

Additionally, Anne Cowley, wife of Strategy Director Tim Cowley, sold 90,596 Ordinary Shares in he Company at a price of 22 pence per Ordinary Share and then repurchased, into her ISA, the same number of Ordinary Shares in the Company at a price of 22.032 pence per Ordinary Share to facilitate an ISA transfer.

 

Following the ISA transfer, Tim Cowley and persons closely associated remain interested in 2,268,127 Ordinary Shares, representing 4.54 per cent. of the Company's voting rights.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tim Cowley (Strategy Director)

Anne Cowley (Spouse of PDMR)

2

Reason for the notification

a)

Position/status

See 1a) above

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

 

Identification code

Ordinary shares of 1p each in Trakm8 Holdings plc

 

 

Identification code (ISIN) for Palace Capital plc ordinary shares: GB00B0P1RP10

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

PDMR


Price(s)

Volume(s)

Tim Cowley

22p

90,598

Anne Cowley

22p

90,596

 

d)

Aggregated information

- Aggregated volume

- Price


Price(s)

Volume(s)

22p

181,194

e)

Date of the transaction

25 March 2019

f)

Place of the transaction

London Stock Exchange, (XLON)

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tim Cowley (Strategy Director)

Anne Cowley (Spouse of PDMR)

2

Reason for the notification

a)

Position/status

See 1a) above

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

 

Identification code

Ordinary shares of 1p each in Trakm8 Holdings plc

 

 

Identification code (ISIN) for Palace Capital plc ordinary shares: GB00B0P1RP10

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

PDMR


Price(s)

Volume(s)

Tim Cowley

22.032p

90,598

Anne Cowley

22.032p

90,596

 

d)

Aggregated information

- Aggregated volume

- Price


Price(s)

Volume(s)

22.032p

181,194

e)

Date of the transaction

25 March 2019

f)

Place of the transaction

London Stock Exchange, (XLON)

 

- Ends -

 

For further information:

Trakm8 Holdings plc


John Watkins, Executive Chairman

Tel: +44 (0) 167 543 4200

Jon Furber, Finance Director

www.trakm8.com

 


Arden Partners plc (Nominated Adviser & Broker)

Tel: +44 (0) 20 7614 5900

Paul Shackleton / Alex Penney

www.arden-partners.com

 

Media enquiries:

Buchanan

 

Chris Lane / Tilly Abraham

Tel: +44 (0) 20 7466 5000

Trakm8@buchanan.uk.com

www.buchanan.uk.com

 

About Trakm8

 

Trakm8 is a UK based technology leader in fleet management, insurance telematics, connected car, and optimisation. Through IP owned technology, the Group analyses data collected by 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 and reporting portal (Trakm8 Insight), integrated telematics/cameras, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 250,000 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, Direct Line Group and Young Marmalade.

 

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

 

www.trakm8.com / @Trakm8


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