Trakm8 Holdings PLC New Growth Capital Loan (2144X)
18 Dicembre 2019 - 8:00AM
UK Regulatory
TIDMTRAK
RNS Number : 2144X
Trakm8 Holdings PLC
18 December 2019
18 December 2019
Trakm8 Holdings plc
('Trakm8', the 'Group' or the 'Company')
New Growth Capital Loan
Trakm8 Holdings plc (AIM: TRAK), the global telematics and data
insight provider, is pleased to advise that following a period of
stabilised revenues, and with the Group returning to growth it has
entered into a GBP1.4m (net of costs) Growth Capital Loan with MEIF
WM Debt LP to fund the potential working capital requirements. This
loan is repayable in instalments by 30 June 2024.
The Group is also pleased to announce that it has now received
its R&D corporate tax credit cash of GBP1.01m.
- Ends -
For further information:
Trakm8 Holdings plc
John Watkins, Executive Chairman Tel: +44 (0) 167 543 4200
Jon Furber, Finance Director www.trakm8.com
Arden Partners plc (Nominated Adviser Tel: +44 (0) 20 7614 5900
& Broker)
Paul Shackleton, Corporate Finance www.arden-partners.com
Fraser Marshall, Sales
About Trakm8
Trakm8 is a UK based technology leader in fleet management,
insurance telematics, connected car, and optimisation. Through IP
owned technology, the Group analyses data collected by its
installed base of telematics units to fine tune the algorithms that
are used to produce its solutions; these monitor driver behaviour,
identify crash events and monitor vehicle health to provide
actionable insights to continuously improve the security and
operational efficiency of both company fleets and private
drivers.
The Group's product portfolio includes the latest data and
reporting portal (Trakm8 Insight), integrated telematics/cameras,
self-installed telematics units and one of the widest ranges of
installed telematics devices. Trakm8 has over 240,000
connections.
Headquartered in Coleshill near Birmingham alongside its
manufacturing facility, the Group supplies to the Fleet,
Optimisation, Insurance and Automotive sectors to many well-known
customers in the UK and internationally including the AA, Saint
Gobain, EON, Iceland Foods, Direct Line Group and Young
Marmalade.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005.
www.trakm8.com / @Trakm8
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END
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