Director/PDMR Shareholding and Issue of Equity
("Tracsis" or the "Group")
Director/PDMR Shareholding/Issue of equity
Tracsis plc, a leading provider of software and services for the traffic data and transportation industry, announces that John Nelson, Non-executive Director has today exercised 25,000 options over ordinary shares of 0.4p each ("Ordinary Shares") at an exercise price of 175 pence per Ordinary Share. Accordingly, Tracsis has today issued 25,000 Ordinary Shares of 0.4p each(the "New Ordinary Shares").
As a result of this exercise, Mr Nelson's interests in Tracsis increased to 125,824 Ordinary Shares, representing 0.4% of the issued share capital of Tracsis.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 10 May 2018.
In addition, the Company has today issued a further 15,513 Ordinary Shares (the "Staff Option Shares") following an exercise of Options by employees of the Group. The issuance of the Staff Option Shares is covered by the Company's blocklisting for staff options.
Following the issue of the New Ordinary Shares and the Staff Option Shares, the number of Ordinary Shares in issue will increase to 28,295,247. 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 28,295,247 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.
Tracsis plc Tel: 0845 125 9162
John McArthur, CEO
Max Cawthra, CFO
finnCap Ltd Tel: 020 7220 0500
Christopher Raggett/Scott Mathieson, Corporate Finance
Andrew Burdis, Corporate Broking