Directorate change and grant of options

01 November 13

Tracsis plc

("Tracsis" or the "Company")

Directorate change and grant of options

Tracsis plc, a leading provider of software and technology led products and services for the transportation industry is pleased to announce the appointment of Sean Lippell as a Non-Executive Director with immediate effect.

Charles Sean Lippell, aged 63, has more than 35 years' experience as a corporate lawyer and was formerly a partner and LLP Member with Addleshaw Goddard, a post which he held for 13 years, five of which were as Managing Partner within their corporate division.

Sean is currently a director of Acceleris Marketing Communications Limited and Protean Coaching Limited and was previously a director of A G Secretarial Limited and Inhoco Formation Limited.

Sean has today been granted 50,000 share options over Tracsis shares with an exercise price of 185p.  The options will vest in equal 3 month intervals over a period of 36 months from date of grant and once vested are exercisable at any time for a period of 10 years from the date of grant whilst Sean remains a Director of Tracsis.   

John McArthur, Chief Executive Officer, commented:

"We are delighted to welcome Sean as a Non-Executive Director. Sean's wealth of experience in both corporate transactions and also building the Addleshaw business will be an asset to the Group at this stage of its growth. We look forward to working with Sean and benefiting from his considerable knowledge and expertise.  On behalf of the Board and the rest of the team, I welcome Sean and wish him every success with Tracsis."

For more information please contact:

John McArthur/Max Cawthra, Tracsis plc
Tel: 0845 125 9162

Katy Mitchell/Daniel Bate, WH Ireland Limited
Tel: 0161 832 2174

Rebecca Sanders Hewett/Jenny Bahr, Redleaf Polhill
Tel: 0207 382 4730