AIM Schedule 1 - Trakm8 Holdings plc (9764P)
October 08 2013 - 4:49AM
UK Regulatory
TIDMTRAK
RNS Number : 9764P
AIM
08 October 2013
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION
IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM
RULES")
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COMPANY NAME:
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Trakm8 Holdings PLC ("Trakm8" or the "Company")
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY
TRADING ADDRESS (INCLUDING POSTCODES) :
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Lydden House
Wincombe Business Park
Shaftesbury
Dorset
SP7 9QJ
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COUNTRY OF INCORPORATION:
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England and Wales
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED
BY AIM RULE 26:
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www.trakm8.com/investors
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR,
IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING
POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE
TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
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Trakm8 Holdings plc is a Shaftesbury, Dorset based provider
of fleet management solutions. Trakm8 has its main operations
in the UK and its subsidiaries (the "Group") distribute their
hardware and software internationally through a network of
distributors. In addition the Group provides vehicle monitoring
and tracking services direct to the B2B market. Trakm8's products
allow vehicles and drivers to be monitored, allowing organisations
to manage deliveries and services, or track stolen vehicles
and plant equipment. Over the past 10 years Trakm8 has sold
in excess of 175,000 units worldwide. Trakm8 has been extending
its range of fleet management solutions beyond the Swift tracking
product into fuel saving, such as its driver behaviour package
"eco(N) ", and also logistics routing, scheduling and tachograph
data integration. These solutions generate recurring revenue.
Trakm8 has conditionally agreed to purchase the entire issued
share capital of BOX Telematics Limited ("BOX") for an initial
cash consideration of GBP3.5 million (the "Acquisition"). Following
Admission, the Company will also procure the repayment by BOX
of a director's loan of GBP750,000. The Acquisition constitutes
a reverse takeover under AIM Rule 14 and accordingly, Trakm8
will be seeking readmission of its shares to trading on the
AIM Market of the London Stock Exchange.
BOX, a vehicle telematics business, was founded in 1989 and
began to focus on vehicle telematics in 2000. It has since
become one of the leading providers of fleet management systems
in the UK. BOX provides in-house telematics design, manufacturing,
and services and has delivered OEM telematic solutions for
several blue-chip clients. In addition BOX provides non-telematic
third party contract manufacturing services.
BOX's products include BOXoptions, a customisable range of
end-to-end telematic and vehicle tracking solutions; BOXtracker
INSIGHT and BOXtrackerEco, vehicle tracking solutions; BOXsolo,
a water resistant tracking device; iSpot, a smartphone based
GPS tracker; and SpotOn, a data collection system.
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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS
AS TO TRANSFER OF THE SECURITIES (i.e. where known, number
and type of shares, nominal value and issue price to which
it seeks admission and the number and type to be held as treasury
shares):
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28,823,821 ordinary shares of 1p each ("Ordinary Shares").
370,000 Ordinary Shares in treasury.
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED
MARKET CAPITALISATION ON ADMISSION:
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The Company is raising GBP2,069,999.80 upon Admission by the
issue of new Ordinary Shares at a price of 22p per Ordinary
Share (the "Issue Price"). Anticipated market capitalisation
of the Company at the Issue Price is GBP6.3m.
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
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55.7%
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH
THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES
(INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:
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None.
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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS
(underlining the first name by which each is known or including
any other name by which each is known):
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John Ferris Watkins - Executive Chairman
James Killingworth Hedges - Finance Director
Keith Evans - Non Executive Director
Madeline Joanna Cowley - Chief Technical Officer
Timothy Adam Cowley - Engineering Director
Paul Wilson - Sales Director
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FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED
AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER
ADMISSION (underlining the first name by which each is known
or including any other name by which each is known):
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Name Percentage Percentage
of issued of issued
share capital share capital
before Admission after Admission
John Ferris Watkins 23.6 22.2
Edric Property & Investment Company
/ Edmund and Richard Clarke 11.6 11.7
Timothy Adam Cowley 7.9 6.6
Hargreave Hale Limited - 7.6
James Killingworth Hedges 7.6 7.5
Madeline Joanna Cowley 6.5 5.4
Miton Capital Partners LTD - 4.1
Barclayshare Nominees 4.0 2.7
Dawson Buck 3.3 2.2
HSDL Nominees Limited 3.2 2.2
L R Nominees Limited 3.0 2.0
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (H) OF THE AIM RULES:
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There are no such persons.
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION
DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:
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(i) 31 March
(ii) In relation to Trakm8: 31 March 2013. In relation to BOX:
30 June 2013
(iii) 31 December 2013 (six month unaudited results to 30 September
2013); 30 September 2014 (12 month audited full year accounts
to 31 March 2014); 31 December 2014 (six month unaudited accounts
to 30 September 2014).
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EXPECTED ADMISSION DATE:
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25 October 2013
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NAME AND ADDRESS OF NOMINATED ADVISER:
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finnCap Ltd
60 New Broad Street
London
EC2M 1JJ
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NAME AND ADDRESS OF BROKER:
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finnCap Ltd
60 New Broad Street
London
EC2M 1JJ
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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE
(POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE
AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL
DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
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www.trakm8.com/investors
The Admission Document will contain full details about the
Company and the admission of its securities.
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DATE OF NOTIFICATION:
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8 October 2013
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NEW/ UPDATE:
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New
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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