TIDMTRAK TIDMBVM
RNS Number : 6690L
Trakm8 Holdings PLC
08 July 2014
Not for release, publication or distribution in whole or in
part, in or into the United States, Canada, Australia, Japan, New
Zealand, Russia, South Africa or any other jurisdiction where to do
so would be unlawful
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Statement re. Possible Offer for Belgravium Technologies plc
and
Rule 2.10 Announcement
Trakm8, the AIM-listed designer, developer and manufacturer of
GPRS based hardware and software for the vehicle placement and
security market, notes the announcement made yesterday (7 July
2014) by Belgravium Technologies plc and confirms that it has made
a preliminary approach.
There can be no certainty that an offer will be made, nor as to
the terms on which any offer might be made.
A further announcement will be made as and when appropriate.
Rule 2.10
In accordance with Rule 2.10 of the City Code on Takeovers and
Mergers, the Group confirms that it has in issue 28,798,821
ordinary shares of GBP0.01 each ("Ordinary Shares"), excluding
75,000 Ordinary Shares held in treasury. The International
Securities Identification Number for Trakm8 Ordinary Shares is
GB00B0P1RP10.
-ends-
For further information please contact:
Trakm8 Holdings plc 01747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications (Financial
PR to Trakm8) 020 3128 8100
Reg Hoare / Vicky Watkins
finnCap (Nomad & Broker to
Trakm8) 020 7220 0500
Ed Frisby / Christopher Raggett
- corporate finance
Joanna Weaving - corporate
broking
Notes to Editors
Trakm8
Trakm8, the M2M telematics company using Big Data analytics to
improve driver behaviour is a leading technology designer,
developer and manufacturer of telematics products and
solutions.
The Group, based in Shaftesbury, Dorset, distributes its
hardware and software through a network of distributors worldwide.
In addition the Group provides vehicle monitoring and tracking
services direct to the B2B market. Trakm8's IP owned products and
services allow vehicles and drivers to be monitored, allowing
organisations to manage deliveries and services, or track stolen
vehicles down to five metres.
Recently Trakm8 have developed the T10 product range, which
includes a self-installed telematics device. The Group's services
also include driver behaviour management solutions that can reduce
fuel consumption by 10% or more, reduce risk of accidents,
logistics routing & scheduling packages, and tachograph data
reporting. The Group's customers include Direct Line Group, Eon, St
Gobain, the AA, Fujitsu and Kubota.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005.
www.trakm8.com
finnCap Limited which is regulated in the United Kingdom by The
Financial Conduct Authority is acting for the Company in relation
to the matters described in this announcement and is not advising
any other person, and accordingly will not be responsible to anyone
other than the Company for providing the protections afforded to
customers of finnCap or for providing advice in relation to the
matters described in this announcement.
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities whether pursuant to this
announcement or otherwise. The distribution of this announcement in
jurisdictions outside the United Kingdom may be restricted by law
and therefore persons into whose possession this announcement comes
should inform themselves about, and observe, such restrictions. A
failure to comply with the restrictions may constitute a violation
of the securities laws of any jurisdiction.
Publication on website
A copy of this announcement will be made available (subject to
certain restrictions relating to persons resident in restricted
jurisdictions) at www.trakm8.com by no later than 12 noon (London
time) on the business day following the release of this
announcement in accordance with Rule 30.4 of the Code. The content
of the website referred to in this announcement is not incorporated
into and does not form part of this announcement.
Disclosure requirements of the Takeover Code (the "Code")
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of an offeree
company or of any securities exchange offeror (being any offeror
other than an offeror in respect of which it has been announced
that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer
period and, if later, following the announcement in which any
securities exchange offeror is first identified. An Opening
Position Disclosure must contain details of the person's interests
and short positions in, and rights to subscribe for, any relevant
securities of each of (i) the offeree company and (ii) any
securities exchange offeror(s). An Opening Position Disclosure by a
person to whom Rule 8.3(a) applies must be made by no later than
3.30 pm (London time) on the 10th business day following the
commencement of the offer period and, if appropriate, by no later
than 3.30 pm (London time) on the 10th business day following the
announcement in which any securities exchange offeror is first
identified. Relevant persons who deal in the relevant securities of
the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead
make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1% or more of any class of relevant securities of the
offeree company or of any securities exchange offeror must make a
Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any securities exchange offeror. A
Dealing Disclosure must contain details of the dealing concerned
and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror, save to the
extent that these details have previously been disclosed under Rule
8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies
must be made by no later than 3.30 pm (London time) on the business
day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Panel's Market Surveillance Unit
on +44 (0)20 7638 0129 if you are in any doubt as to whether you
are required to make an Opening Position Disclosure or a Dealing
Disclosure.
This information is provided by RNS
The company news service from the London Stock Exchange
END
OFDMMGGNZNFGDZZ
Belgravium (LSE:BVM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Belgravium (LSE:BVM)
Historical Stock Chart
From Sep 2023 to Sep 2024