TIDMTRAC
RNS Number : 2532Q
T42 IOT Tracking Solutions PLC
16 October 2023
16 October 2023
t42 IoT Tracking Solutions plc
Director/PDMR dealings
T42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the
"Company"), the provider of global shipping containers tracking
solutions, notifies the following transactions by Directors and
senior management in ordinary shares of no-par value each in the
capital of the Company ("Ordinary Shares").
Avi Hartmann and Igor Vatenmacher, each an executive director,
and Uri Hartmann, CTO, have subscribed for an aggregate 360,000 new
Ordinary Shares at 3.5 pence per shares, for gross proceeds of
GBP12,600 to the Company ("Subscription"). The Subscription price
represents a premium of approximately 14.38 per cent. to the
mid-market closing price on AIM of 3.06 pence per Ordinary Share on
13 October 2023, being the latest practicable business day prior to
the date of this announcement.
While only a small investment, given ongoing events in Israel,
the preference was to subscribe for new Ordinary Shares to
demonstrate confidence of management during these difficult
times.
In addition, Michael Rosenberg, Non-Executive Chairman, and
Martin Blair, Non-Executive Director have exercised 279,070 and
251,163 options over Ordinary Shares, respectively, pursuant to the
options granted to them under the Company's share option scheme in
lieu of salary and fees, as announced on 23 June 2021 and 15 July
2021. The options were exercisable at nil cost and will be
satisfied by the issue of 530,233 new Ordinary Shares (the "Option
Shares").
These transactions are set out in the table below.
Name No. of Subscription No. of Option Total no. of Percentage
Shares to be Shares to be Ordinary Shares of issued share
issued issued held on Admission capital of
the Company
held on Admission
Avi Hartmann 180,000 5,761,528 10.49
-------------------- -------------- ------------------- -------------------
Igor Vatenmacher 60,000 453,000 0.82
-------------------- -------------- ------------------- -------------------
Uri Hartmann
(PDMR) 120,000 3,069,742 5.59
-------------------- -------------- ------------------- -------------------
Michael Rosenberg 279,070 2,557,369 4.66
-------------------- -------------- ------------------- -------------------
Martin Blair 251,163 577,413 1.05
-------------------- -------------- ------------------- -------------------
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for
890,233 new Ordinary Shares to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective
and that dealings in the new Ordinary Shares on AIM will commence
at 8.00 a.m. on or around 19 October 2023.
On Admission, the Company's issued share capital will consist of
54,917,055 Ordinary Shares, each with one voting right. There are
no shares held in treasury. Therefore, the Company's total number
of Ordinary Shares and voting rights will be 54,917,055 and this
figure may be used by shareholders following Admission as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, 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
Strand Hanson Limited (Nominated Adviser
and Financial Adviser)
James Harris/ Richard Johnson/ Robert Collins 020 7409 3494
Peterhouse Capital Limited
Lucy Williams/Charles Goodfellow/Eran Zucker 020 7469 0930
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,
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/ .
PDMR Notification Form:
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1) Avi Hartmann
2) Igor Vatenmacher
3) Uri Hartmann
-------------------------------- ------------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------
a) Position/status 1) Chief Executive Officer
2) Chief Financial Officer
3) PDMR (CTO)
-------------------------------- ------------------------------------------
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 of the Financial Ordinary shares of no-par value each
instrument, type of instrument in the share capital of t42 IoT Tracking
Solutions plc
-------------------------------- ------------------------------------------
Identification code JE00BKVDPL34
-------------------------------- ------------------------------------------
b) Nature of the Transaction Participation in Subscription of new
Ordinary Shares
-------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1) 3.5p 1) 180,000
2) 3.5p 2) 60,000
3) 3.5p 3) 120,000
------------
-------------------------------- ------------------------------------------
d) Aggregated information 360,000 shares at 3.5p per share
Aggregated volume Price
-------------------------------- ------------------------------------------
e) Date of the transaction 16 June 2023
-------------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
-------------------------------- ------------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1) Michael Rosenberg
2) Martin Blair
-------------------------------- ------------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------
a) Position/status 1) Non-Executive Chairman
2) Non-Executive Director
-------------------------------- ------------------------------------------
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 of the Financial Ordinary shares of no-par value each
instrument, type of instrument in the share capital of t42 IoT Tracking
Solutions plc
-------------------------------- ------------------------------------------
Identification code JE00BKVDPL34
-------------------------------- ------------------------------------------
b) Nature of the Transaction Exercise of Options
-------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1) n/a 1) 279,070
2) n/a 2) 251,163
------------
-------------------------------- ------------------------------------------
d) Aggregated information n/a
Aggregated volume Price
-------------------------------- ------------------------------------------
e) Date of the transaction 16 June 2023
-------------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
-------------------------------- ------------------------------------------
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END
IOEBGBDGBBBDGXL
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