| For immediate release | 19 November 2021 |
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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 granted on 18 November 2021 a total of 450,000 options (the "Options") over ordinary shares of 1 pence each ("Ordinary Shares") to certain directors and employees of the Company under its existing share option plan. This is a routine grant to existing directors and employees as part of the Company's compensation policy. The Options granted have an exercise price of 27.0p (being the mid-market closing price of an Ordinary Share on 17 November 2021), with a 10-year life and vest on 18 November 2024.
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 11.3% 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 |
| Matt Cowley | Big Data Director | 75,000 | 325,000 |
| Tim Cowley | Strategy Director | 50,000 | 325,000 |
| Jon Edwards | Chief Financial Officer | 300,000 | 400,000 |
- Ends -
For further information:
| Trakm8 Holdings plc | | ||
| John Watkins, Executive Chairman | Tel: +44 (0) 167 543 4200 | ||
| Jon Edwards, CFO | |||
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| Arden Partners plc (Nominated Adviser & Broker) | Tel: +44 (0) 20 7614 5900 | ||
| Paul Shackleton, Corporate Finance Simon Johnson, 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 255,000 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
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Matt Cowley, Big Data Director Tim Cowley, Strategy Director Jon Edwards, Chief Financial Officer |
| 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. Matt Cowley: 75,000 options to acquire Ordinary Shares at an exercise price of 27.0p per share. 2. Tim Cowley: 50,000 options to acquire Ordinary Shares at an exercise price of 27.0p per share. 3. Jon Edwards: 300,000 options to acquire Ordinary Shares at an exercise price of 27.0p per share.
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| d) | Aggregated information - Aggregated volume - Price | N/A, see 4 (c) above |
| e) | Date of the transaction | 18 November 2021 |
| f) | Place of the transaction | Outside a trading venue |
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