Director/PDMR Shareholding and Issue of Equity
Tracsis confirms that it has received notification that Max Cawthra, Chief Financial Officer has today exercised 10,162 share options and it has today issued 10,162 ordinary shares of 0.4p each ("Ordinary Shares") (the "New Ordinary Shares").
The options that were exercised were granted in 2012 under an incentive scheme where an annual bonus was exchanged for share options. The options were fully vested and have an exercise price of 0.4p.
No shares were disposed of, and following this exercise, Max Cawthra increased his interests in Tracsis to 188,022 ordinary shares representing 0.67% of the issued share capital.
In addition, the Company also confirms that following the receipt of a notice of exercise of employee options, it has today issued a further 11,000 ordinary shares of 0.4p each, making a total of 21,162 ordinary shares of 0.4 each.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 27 April 2017.
Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 27,905,173. 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 27,905,173 Ordinary Shares with voting rights attached (one vote per Ordinary 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
Dominic Emery/Matt Lewis, Investec Bank plc
Tel: 020 7597 4000
Rebecca Sanders-Hewett / Sam Modlin, Redleaf Communications
Tel: 0207 382 4730