11 March 2024

Tracsis plc

("Tracsis" or "the Group")

Board Changes

Tracsis, a leading transport technology provider, today announces the following changes to its Board of Directors as part of the Board's long-term succession planning.

Ross Paterson to join the Board as a Non-Executive Director

Tracsis is pleased to announce that Ross Paterson will join the Board as a Non-Executive Director on 2^nd April 2024.

Ross is a former Chief Financial Officer of Stagecoach Group and Non-Executive Director of Virgin Rail Group. He has extensive experience of managing finance & risk and delivering strategic growth in an international UK-listed business, and has significant knowledge of the transport sector from his executive career with Stagecoach Group. He is currently a Non-Executive Director and Audit & Risk Committee Chair of the FTSE 100 company, The Unite Group plc. He is a member of the Institute of Chartered Accountants of Scotland.

Liz Richards to step down from the Board

Liz Richards will step down from the Board on 30^th June 2024. Liz joined the Tracsis Board in September 2016 and has been Chair of the Audit Committee since that date. Ross Paterson will succeed Liz as Chair of the Audit Committee on 30^th June 2024.

Jill Easterbrook, Non-Executive Chair of Tracsis, commented: "On behalf of the Board and everyone at Tracsis I would like to thank Liz for her significant contribution to Tracsis' success and growth over the last eight years, including her assured leadership of the Audit Committee. I look forward to welcoming Ross, who brings a wealth of experience and is a great fit with our business"

Relevant disclosures:

The following disclosures are required under Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for Companies:

There is no further information to be disclosed in relation to the appointment pursuant to Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for Companies.

Notes to editors: 

-    Rail Technology & Services:  A software, technology and product led business. It develops and supplies software that solves complex resource, asset optimisation and control problems for Train Operators, and Smart Ticketing, Delay Repay and other retail software to improve the customer experience for rail users. It also develops remote condition monitoring hardware, data acquisition software, and safety and risk management software for rail infrastructure providers.

-    Data, Analytics, Consultancy & Events: A largely services led business that focuses on data capture, data analytics, GIS, earth observation, data insights, consultancy and event traffic management within a range of transport and pedestrian rich environments.  The business provides technology and bespoke products and data that underpin large scale intelligent transport systems, smart city planning and positive environmental decision making.