Directorate Change

01 February 21

Tracsis is a leading provider of software, hardware and services for the rail, traffic data and wider transport industries, and confirms that further to the announcement dated 28 September 2020, Andy Kelly has been appointed as Chief Financial Officer with immediate effect.

Max Cawthra has today stepped down from the Board but will remain with the business in a non board role for a short period of time in order to assist with a smooth handover and transition.

The Board would like to thank Max for his significant contribution to Tracsis over the past decade, and wishes Andy all the best in his new role.

The following information is disclosed in relation to Andrew John Kelly, age 43, pursuant to Schedule Two paragraph (g) and Rule 17 of the AIM Rules for Companies:

Current Directorships / Partnerships:

  • None

Previous Directorships / Partnerships (held in the past five years)

  • Vitec Production Solutions Limited

  • Vitec Production Solutions Inc.

  • Vitec Production Solutions KK

  • Vitec Production Solutions Pte. Limited

In connection with Andy's appointment as a Director of the Group, the Remuneration Committee has agreed a share option award to compensate Andy for unvested incentives forfeited from his previous employer on joining Tracsis. As such Andy was awarded 7,692 share options in Tracsis plc with an exercise price of 0.4p, that can be exercised on or after 1 February 2024. Andy will also join the Group's Long-Term Incentive Plan (LTIP) in due course.

Outside of these share options, Andy Kelly has no other beneficial interest in the equity securities of Tracsis plc.


Tracsis plc | Tel: 0845 125 9162

Chris Barnes, CEO

Andrew Kelly, CFO

finnCap Ltd | Tel: 020 7220 0500

Christopher Raggett/Charlie Beeson, Corporate Finance

Andrew Burdis, Corporate Broking

Alma PR | Tel: 020 3405 0205

Rebecca Sanders-Hewett / David Ison / Helena Bogle / Joe Pederzolli