Tracsis PLC Issue of Equity (2844E)
09 Mai 2013 - 8:00AM
UK Regulatory
TIDMTRCS TIDMSKHG
RNS Number : 2844E
Tracsis PLC
09 May 2013
TRACSIS PLC
("Tracsis" or the "Company")
Issue of Equity
Further to the announcements of 26 March 2013, 17 April 2013 and
2 May 2013, Tracsis confirms that all conditions have been
satisfied pursuant to the terms of the Management Agreement made
between (i) Tracsis and (ii) certain directors and senior
management of Sky High plc ("Sky High") (the "Management
Agreement"). Accordingly Tracsis has today acquired the following
ordinary shares in Sky High plc ("Sky High Share") from those
directors and senior managers of Sky High, at a price of 15.25p per
Sky High Share (being the same price as the Offer Price).
At the same time, the same Sky High shareholders have agreed to
use the proceeds of this sale of shares to acquire shares in
Tracsis, at a price of 174.28p per share (being the 30 day Volume
Weighted Average Price prior to the date the offer for Sky High was
made (26 March 2013) and the agreed price set out in the Management
Agreement).
More details of this arrangement are set out in the Offer
Document, dated 26 March 2013 which is available from the Tracsis
website www.tracsis.com
Sky High Shareholder Number of Sky High Number of new Tracsis plc
plc shares sold to shares purchased
Tracsis plc ("New Tracsis Shares")
---------------------- -------------------- --------------------------
Mark Mattison 2,477,633 216,800
---------------------- -------------------- --------------------------
Grant Wilson 548,726 48,015
---------------------- -------------------- --------------------------
The Prowse Family
Trust 249,999 21,875
---------------------- -------------------- --------------------------
Paul Jackson 62,500 5,468
---------------------- -------------------- --------------------------
Peter Agnew 125,000 10,937
---------------------- -------------------- --------------------------
Kevin Stewart 62,500 5,468
---------------------- -------------------- --------------------------
TOTAL 3,526,358 308,563
---------------------- -------------------- --------------------------
Application has been made for the New Tracsis Shares to be
admitted to trading on AIM and dealings are expected to commence on
14 May 2013.
Following the issue of the New Tracsis Shares, the number of
Ordinary Shares in issue will increase to 25,244,755. For the
purposes of the Financial Services Authority's Disclosure and
Transparency Rules ("DTRs"), the issued ordinary share capital of
the Company following this allotment consists of 25,244,755
Ordinary Shares with voting rights attached (one vote per Share).
There are no Shares held in treasury. This total voting rights
figure may be used by shareholders as the denominator for the
calculations by which they will determine whether they are required
to notify their interests in, or a change to their interest in,
Tracsis under the DTRs.
For more information please contact:
John McArthur, Tracsis plc Tel: 0845 125 9162
Katy Mitchell, WH Ireland Limited Tel: 0161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
END
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