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| Date | 21 Jun 2024 |
| Time | 07:00:12 |
| Category | Miscellaneous |
| ID | 2877T |
Tracsis plc
("Tracsis" or "the Group")
AIM Rule 17 Update
Tracsis (LSE: TRCS), a leading transport technology provider, announces the following additional director disclosure provided pursuant to AIM Rule 17 and Schedule Two (g) of the AIM Rules.
Tracy Sheedy, non-executive director of Tracsis, is a non-executive director of Internet Mobile Communications Limited ("IMC"). On 19 June 2024, joint administrators were appointed to IMC.
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Tracsis plc Chris Barnes, CEO Andy Kelly, CFO
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+44 (0)845 125 9162 |
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Cavendish Capital Markets Ltd (Nominated Adviser & Joint Corporate Broker) Jonny Franklin-Adams / Giles Balleny / Charlie Beeson (Corporate Finance) Andrew Burdis / Sunila de Silva (Corporate Broking)
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+44 (0)20 7220 0500 |
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Berenberg (Joint Corporate Broker & Financial Adviser) Mark Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff
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+44 (0)20 3207 7800 |
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Alma Strategic Communications |
+44 (0)20 3405 0205 tracsis@almastrategic.com |
Notes to editors:
· Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.
· Tracsis' products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers.
· The Group is split into two principal operating areas built around detailed industry knowledge and expertise:
- 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.
· Tracsis has a blue-chip client base which includes all major UK transport owning groups, Network Rail, Passenger and Freight Train Operating Companies, the Department for Transport, TfL, multiple local authorities, major outdoor music and sporting event organisers, and a wide variety of large engineering and infrastructure companies. In North America our clients include Class 1 rail freight companies, transit operators, shortline railroads and several large rail served ports and industrials.
· The business drives growth both organically and through acquisition and has made seventeen acquisitions since 2008.
For more information on Tracsis please visit http://www.tracsis.com