Issue of Equity
01 February 18
("Tracsis" or the "Group")
Issue of equity
As part of the consideration for the acquisitions of Travel Compensation Services Limited and Delay Repay Sniper Limited that were announced earlier today, Tracsis confirms it has today issued 28,571 ordinary shares of 0.4p each ("Ordinary Shares") (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 7 February 2018.
The shares issued are subject to a two year lock-in agreement whereby no disposals may be made within the first 12 months from admission with any disposals thereafter subject to orderly market conditions for a further 12 month period.
Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 28,225,438. 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 28,225,438 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
Andrew Pinder/Seb Lawrence, Investec Bank plc
Tel: 020 7597 4000