Trackwise Designs PLC Completion of Acquisition (4981I)
02 Aprile 2020 - 8:00AM
UK Regulatory
TIDMTWD
RNS Number : 4981I
Trackwise Designs PLC
02 April 2020
TRACKWISE DESIGNS PLC
("Trackwise", the "Company" or the "Group")
Completion of Acquisition
The Board of Trackwise Designs plc, provider of specialist
products using printed circuit technology, is pleased to announce
that further to the announcement on 13 March 2020 and the passing
of all of the Resolutions put to Shareholders at the General
Meeting held on 30 March 2020, the Acquisition of Stevenage
Circuits Limited ("SCL") has now completed.
Philip Johnston, Chief Executive Officer of Trackwise,
commented: "We are delighted to complete this transaction, which
will be a key catalyst for Trackwise. We welcome the SCL team, and
look forward to updating shareholders with the progress we make
over the coming months."
Defined terms used in this announcement have the meaning (unless
the context otherwise requires) as set out in the Circular
(available at www.trackwise.co.uk).
Enquiries:
Trackwise Designs plc +44 (0)1684 299 930
Philip Johnston, CEO www.trackwise.co.uk
Mark Hodgkins, CFO
finnCap Ltd +44 (0)20 7220 0500
NOMAD and Broker
Ed Frisby / Matthew Radley - Corporate
Finance
Andrew Burdis / Manasa Patil - ECM
Alma PR +44 (0)20 3405 0205
Financial PR and IR
Caroline Forde / Josh Royston / Kieran
Breheny
Notes to editors
Trackwise is a UK-based manufacturer of specialist products
using printed circuit technology.
The full suite includes: Improved Harness Technology TM ("IHT"),
Microwave and RF, Short Flex, Flex Rigid and Rigid multilayer
products.
IHT uses a proprietary, patented process that Trackwise has
developed to manufacture multilayer flexible printed circuits of
unlimited length. While the technology has many applications, the
directors expect that one of its primary uses will be to replace
traditional wire harness in a variety of industries.
The Company manufactures on two sites, located in Tewkesbury and
Stevenage (following the acquisition of Stevenage Circuits Ltd in
April 2020). It serves customers in Europe, North America, Asia and
Australia.
Trackwise Designs plc was admitted to trading on AIM in 2018
with the ticker TWD. For additional information please visit
www.trackwise.co.uk.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ACQKKDBPFBKDNQK
(END) Dow Jones Newswires
April 02, 2020 02:00 ET (06:00 GMT)
Grafico Azioni Trackwise Designs (LSE:TWD)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Trackwise Designs (LSE:TWD)
Storico
Da Apr 2023 a Apr 2024