STAR.GB Clear Skies Energy Plc

TIDMTRAC

RNS Number : 2872U

T42 IOT Tracking Solutions PLC

01 December 2021

1 December 2021

t42 IoT Tracking Solutions PLC

("t42" or the "Company")

Director Change

The Board of t42 announces today that Mr Avi Engel, who has served as a non- executive director of the Company since 2015, is to leave the Board with effect from 31 December 2021 to pursue other activities. Mr Engel has been a valuable member of the Board for several years and we thank him for his contribution and wish him every success in his future endeavours.

Under the terms of his contract, Mr Engel was granted 2,009,302 share options in return for a reduction in his monthly fees until 31 May 2022. After the recent share consolidation this amount equated to 251,162 options and with his departure from the Board, it has been agreed that this amount will reduce on a pro-rata basis to 209,302 options. These options are due to vest on 31 March 2022 and are exercisable until 31 March 2032.

The Company will be seeking to appoint an additional non-executive director to the Board in due course.

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 
 

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END

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December 01, 2021 12:38 ET (17:38 GMT)

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