| For immediate release | 30 November 2020 |
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 granted on 27 November 2020 a total of 250,000 ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to certain directors of the Company under its existing share option plan. This is a routine grant as part of the Company's compensation policy. The Options granted to the Directors have an exercise price of 32.5p per Ordinary Share, vest on 27 November 2023 and may only be exercised if the mid-market share price is 50 pence or more at the time of exercise.
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 9.0% of the Company's issued share capital will have been granted as options.
The Options awarded to certain directors of the Company are:
| Director | Position | Number of Options granted | Total number of Options held |
| Tim Cowley | Strategy Director | 100,000 | 275,000 |
| Matt Cowley | Big Data Director | 100,000 | 250,000 |
| Mark Watkins | Chief Operating Officer | 25,000 | 700,000 |
| Keith Evans | Non-Executive Deputy Chairman | 25,000 | 150,000 |
- Ends -
For further information:
| Trakm8 Holdings plc | |
| John Watkins, Executive Chairman | Tel: +44 (0) 1675 434 200 |
| Jon Furber, Finance Director | |
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| |
| Arden Partners plc (Nominated Adviser & Broker) | Tel: +44 (0) 20 7614 5900 |
| Paul Shackleton, Head of Corporate Finance Simon Johnson, Head of Sales |
Notes to Editors
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 analytics 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 253,000 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, Scottish Power, Direct Line Group, LexisNexis and Ingenie.
Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.
www.trakm8.com / @Trakm8
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 | 1. Tim Cowley Strategy Director 2. Matt Cowley Big Data Director 3. Mark Watkins Chief Operating Officer 4. Keith Evans Non-Executive Deputy Chairman
|
| 2 | Reason for the notification | |
| a) | Position/status | All Directors of the Company |
| 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 Trakm8 Holdings plc ordinary shares: GB00B0P1RP10 |
| b) | Nature of the transaction | Issue of Options over Ordinary Shares |
| c) | Price(s) and volume(s) | 1. Tim Cowley: 100,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share. 2. Matt Cowley: 100,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share. 3. Mark Watkins: 25,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share. 4. Keith Evans: 25,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share. |
| d) | Aggregated information - Aggregated volume - Price | N/A, see 4 (c) above |
| e) | Date of the transaction | 27 November 2020 |
| f) | Place of the transaction | Outside a trading venue |
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