T42 IOT Tracking Solutions PLC Exercise of warrants - Director shareholding (4225E)
11 Marzo 2022 - 8:00AM
UK Regulatory
TIDMTRAC
RNS Number : 4225E
T42 IOT Tracking Solutions PLC
11 March 2022
11 March 2022
t42 IoT Tracking Solutions PLC
("t42" or the "Company")
Exercise of warrants - Director shareholding
t42 (AIM: TRAC), the real-time tracking, security and monitoring
solutions provider for the global container and freight market,
announces that 500,000 ordinary shares of no par value ("Ordinary
Shares") are being issued at a price of 12p per share following the
exercise of warrants by Avi Hartmann, Igor Vatenmacher, Michael
Rosenberg and a t42 employee. The warrants were granted in
connection with the loans entered into with the Company announced
on 25 March 2020.
Application will be made for the new Ordinary shares, which will
rank pari passu with the Company's existing Ordinary Shares, to be
admitted to trading on AIM ("Admission"). It is anticipated that
Admission will become effective at 8.00 a.m. on or around 16 March
2022.
Following the issue of the new Ordinary Shares, the respective
directors will have the following interests in the Company's
enlarged issued share capital:
Following the issue of the new Ordinary Shares
Director Number of Ordinary Percentage of issued
Shares held ordinary share capital
Avi Hartmann 5,581,528 10.53%
Igor Vatenmacher 393,000 0.74%
Michael Rosenberg 2,278,299 4.30%
The FCA notification, made in accordance with the requirements
of the UK Market Abuse Regulation is appended below.
Total voting rights
On Admission, the Company's enlarged issued share capital will
comprise 53,026,822 Ordinary Shares. The Company does not hold any
shares in treasury. Therefore, the total number of Ordinary Shares
with voting rights in the Company will be 53,026,822. This figure
may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change in their interest in, the
voting rights of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
Contacts:
t42 IoT Tracking Solutions PLC
Michael Rosenberg, Chairman 07785 727595
Avi Hartmann, CEO +972 5477 35663
Allenby Capital Limited (AIM Nominated Adviser
and Joint Broker)
Jeremy Porter/Piers Shimwell 020 3328 5656
Peterhouse Capital Limited (Joint Broker)
Lucy Williams/Charles Goodfellow/Eran Zucker 020 7469 0930
Yellow Jersey PR (Financial PR) 020 3004 9512
Tom Randell/Henry Wilkinson/Annabelle Wills t42@yellowjerseypr.com
Notes to Editors
t42 IoT Tracking Solutions plc (AIM: TRAC), formerly Starcom
Systems plc, provides real-time tracking, analysis, monitoring and
security IoT solutions for the global container and freight market
and covers 55 countries, over 100 distributors and 50 logistics and
support partners.
t42's multi-sensor IoT tracking devices use a wide range of
detection capabilities with cloud-based analytics and alerts, with
real-time data transmission, analysis and actionable insights. Its
devices are used by ports, cargo owners, shipping companies,
freight forwarders, insurance companies, customs authorities and
homeland security and police for end-to-end global container
tracking and digital transformation of shipments.
For more information on the Company, please visit: www.t42.co.uk/
Information required pursuant to rule 26 of the AIM Rules for
Companies can be found at www.starcomsystems.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Avi Hartmann (CEO)
Igor Vatenmacher (CFO)
Michael Rosenberg (Chairman)
------------------------------- -------------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------
a) Position/status See 1a) above
------------------------------- -------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- -------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name T42 IoT Tracking Solutions PLC
------------------------------- -------------------------------------------
b) LEI 213800XVU7WF3QMF4826
------------------------------- -------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
a) Description Ordinary shares of no par value
of the Financial
instrument,
type of instrument
Identification ISIN: JE00BKVDPL34
code
------------------------------- -------------------------------------------
b) Nature of the Exercise of warrants
transaction
------------------------------- -------------------------------------------
c) Price(s) and Director/PDMR Price(s) Volume(s)
volume(s) Avi Hartmann 12p 200,000
--------- ----------
Igor Vatenmacher 12p 50,000
--------- ----------
Michael Rosenberg 12p 200,000
--------- ----------
------------------------------- -------------------------------------------
d) Aggregated information:
- Aggregated 450,000
volume N/A
- Price
------------------------------- -------------------------------------------
e) Date of the 10 March 2022
transaction
------------------------------- -------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------------- -------------------------------------------
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END
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