Trakm8 Holdings PLC Result of General Meeting (3305R)
October 24 2013 - 8:19AM
UK Regulatory
TIDMTRAK
RNS Number : 3305R
Trakm8 Holdings PLC
24 October 2013
24 October 2013
TRAKM8 HOLDINGS PLC
('Trakm8' or 'the Company')
Result of General Meeting
The Board of Trakm8, the AIM-quoted designer and developer of
GPRS based hardware and software for the vehicle placement and
security market, is pleased to announce that all resolutions at its
General Meeting, which was held earlier today, were duly passed.
This follows the Company's announcement on 8 October 2013 in
relation to the proposed acquisition of Box Telematics Limited
("BOX") and placing and subscription of 9,409,090 new ordinary
shares ("Ordinary Shares") at a price of 22p per Ordinary
Share.
As shareholder approval has now been granted, as required under
Rule 14 of the AIM Rules, completion of the acquisition of BOX, the
readmission of the Ordinary Shares to reading on AIM and dealings
in such ordinary shares will take place at 8:00am on 25 October
2013.
John Watkins, CEO of Trakm8 Holdings PLC, commented:
"We are pleased to welcome the new shareholders who have helped
us to complete this transformational transaction. BOX Telematics
extends our client base, strengthens our IP ownership model and
adds manufacturing capabilities. We look forwarded to delivering
enhanced returns for our shareholders and reinforcing our position
in the Telematics market."
-ends-
For further information please contact:
Trakm8 plc 01747 858 444
John Watkins Executive Chairman
James Hedges Finance Director
finnCap Ltd 020 7220 0500
Ed Frisby / Christopher Corporate Finance
Raggett Corporate Broking
Simon Starr
MHP Communications 020 3128 8100
Reg Hoare / Vicky Watkins
This information is provided by RNS
The company news service from the London Stock Exchange
END
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