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On 15 December 2022, Trakm8 Holdings plc granted a total of 500,000 options over ordinary shares to certain employees. These options have an exercise price of 13.5p, a 10-year life, and will vest on 9 December 2025. Following this grant, 9.4% of the Company's issued share capital will have been granted as options under its plan, which allows for up to 12%.
| Date | 15 Dec 2022 |
| Time | 08:05:58 |
| Category | Corporate updates |
| ID | 8195J |
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For immediate release |
15 December 2022 |
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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 has granted a total of 500,000 options (the "Options") over ordinary shares of 1 pence each ("Ordinary Shares") to certain employees of the Company under its existing share option plan. This is a routine grant to existing employees as part of the Company's compensation policy. The Options granted have an exercise price of 13.5p (being the mid-market closing price of an Ordinary Share on 8 December 2022), with a 10-year life and will vest on 9 December 2025.
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 9.4% of the Company's issued share capital will have been granted as options.
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For further information:
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Trakm8 Holdings plc |
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John Watkins, Executive Chairman |
Tel: +44 (0) 1675 434 200 |
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Jon Edwards, Chief Financial Officer |
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Allenby Capital Limited (Nominated Adviser & Broker) |
Tel: +44 (0) 20 3328 5656 |
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David Hart/Vivek Bhardwaj, Corporate Finance Tony Quirke, Sales and Corporate Broking |
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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 299,000 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 / @Trakm8