26 June 14
("Tracsis" or the "Company")
Tracsis announces that John Nelson, a Non-Executive Director, has today exercised 175,034 options at an exercise price of 40 pence per share, and 25,000 options at an exercise price of 175 pence per share, making a total of 200,034 options with total cost of £113,763.60.
None of the resulting shares have been sold.
The share options relate to agreements from 2007 and 2013.
Accordingly, the Company has today issued 200,034 ordinary shares in the Company (the "New Ordinary Shares"). Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 2 July 2014.
Following this transaction, John Nelson's interests in the company increased to 230,824 representing 0.89% of the total voting rights of the Company.
John Nelson has 25,000 remaining unexercised share options in the Company with an exercise price of 175p.
Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 25,945,597. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 25,945,597 Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Tracsis under the DTRs.
For more information please contact:
John McArthur/Max Cawthra, Tracsis plc
Tel: 0845 125 9162
Katy Mitchell, WH Ireland Limited
Tel: 0161 832 2174