TIDMTWD
RNS Number : 9742L
Trackwise Designs PLC
06 January 2023
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER DETAILS
OF THE FUNDRAISING ARE SET OUT BELOW.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT
CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN
OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY
SHARES OF TRACKWISE DESIGNS PLC.
TRACKWISE DESIGNS PLC
("Trackwise", the "Company" or the "Group")
Result of Open Offer, General Meeting
and Total Voting Rights
The Board of Trackwise Designs plc (AIM: TWD), a leading
manufacturer of specialist products using printed circuit
technology, announces that it has received valid acceptances from
Qualifying Shareholders in respect of 51,056,147 Open Offer Shares.
This represents approximately 34.0 per cent. of the 149,999,860 New
Ordinary Shares available under the Open Offer.
The Board also announces that at the General Meeting held
earlier today, all Resolutions were duly passed by
Shareholders.
The Company has therefore raised, in aggregate, approximately
GBP4.76 million (before expenses) through the Placing, Subscription
and Open Offer.
Update regarding restoration of trading
On 20 December 2022, the London Stock Exchange (the "Exchange")
temporarily suspended trading in the Company's Ordinary Shares due
to a deterioration in settlement performance. The Exchange will
continue to monitor the settlement situation and when trading is to
be restored, the market will be notified by Stock Exchange Notice.
The Company will make further announcements as appropriate. The
Board believes that Admission will result in the settlement issues
in the Company's Ordinary Shares being quickly resolved.
Admission and Total Voting Rights
Application has been made for the 476,356,147 New Ordinary
Shares (being the 425,000,000 Placing Shares, 300,000 Subscription
Shares and 51,056,147 Open Offer Shares) to be admitted to trading
on AIM. It is expected that Admission will occur at 8.00 a.m. on 9
January 2023.
Following Admission, the total number of Ordinary Shares in
issue will be 513,864,212. There are no Ordinary Shares held in
treasury. Accordingly, the total number of voting rights in the
Company on Admission will be 513,864,212. This figure may be used
by Shareholders as the denominator for the calculations to
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.
Capital Reorganisation
The Company confirms that the Capital Reorganisation to
sub-divide the Existing Ordinary Shares of 4 pence each into New
Ordinary Shares of 0.1 pence each and Deferred Shares of 3.9 pence
each will occur alongside Admission of the Placing Shares,
Subscription Shares and Open Offer Shares on 9 January 2023.
Definitions
This announcement should be read in conjunction with the full
text of the Circular issued on 15 December 2022. All capitalised
terms used in this announcement and not otherwise defined shall
have the meanings given to them in the Circular.
Enquiries
Trackwise Designs plc +44 (0)1684 299 930
Philip Johnston, CEO www.trackwise.co.uk
Paul Cook, CFO
finnCap Ltd +44 (0)20 7220 0500
NOMAD and Broker
Ed Frisby/Fergus Sullivan - Corporate
Finance
Andrew Burdis/Barney Hayward - ECM
Alma PR +44 (0)20 3405 0205
Financial PR and IR
David Ison/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")
and Advanced PCBs - Microwave and Radio Frequency ("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 harnesses in a variety of industries.
The Company operates from three sites, located in Tewkesbury,
Stonehouse and Stevenage. It serves customers in Europe and North
America.
Trackwise Designs plc was admitted to trading on AIM in 2018
with the ticker TWD. For additional information please visit
www.trackwise.co.uk
The Notification of Dealing Forms set out below is provided in
accordance with the requirements of MAR.
1 Details of the person discharging managerial responsibilities
("PDMR") / person closely associated ("PCA")
a) Name Philip Johnston
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Trackwise Designs plc
------------------------------- ----------------------------------
b) LEI 549300KQIX5EWTJMFK75
------------------------------- ----------------------------------
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 New Ordinary Shares of 0.1 pence
Financial instrument, each
type of instrument
Identification code GB00BFYT9999
------------------------------- ----------------------------------
b) Nature of the transaction Purchase of New Ordinary Shares
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1p 2,500,000
----------
------------------------------- ----------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ----------------------------------
e) Date of the transaction 9 January 2023
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
("PDMR") / person closely associated ("PCA")
a) Name Philip Johnston
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Trackwise Designs plc
------------------------------- ----------------------------------
b) LEI 549300KQIX5EWTJMFK75
------------------------------- ----------------------------------
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 Warrants over New Ordinary Shares
Financial instrument, of 0.1 pence each
type of instrument
Identification code GB00BFYT9999
------------------------------- ----------------------------------
b) Nature of the transaction Issue of Warrants
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
6p 1,250,000
----------
------------------------------- ----------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ----------------------------------
e) Date of the transaction 9 January 2023
------------------------------- ----------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
("PDMR") / person closely associated ("PCA")
a) Name Paul Cook
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Trackwise Designs plc
------------------------------- ----------------------------------
b) LEI 549300KQIX5EWTJMFK75
------------------------------- ----------------------------------
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 New Ordinary Shares of 0.1 pence
Financial instrument, each
type of instrument
Identification code GB00BFYT9999
------------------------------- ----------------------------------
b) Nature of the transaction Purchase of New Ordinary Shares
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1p 2,500,000
----------
------------------------------- ----------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ----------------------------------
e) Date of the transaction 9 January 2023
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
("PDMR") / person closely associated ("PCA")
a) Name Paul Cook
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Trackwise Designs plc
------------------------------- ----------------------------------
b) LEI 549300KQIX5EWTJMFK75
------------------------------- ----------------------------------
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 Warrants over New Ordinary Shares
Financial instrument, of 0.1 pence each
type of instrument
Identification code GB00BFYT9999
------------------------------- ----------------------------------
b) Nature of the transaction Issue of Warrants
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
6p 1,250,000
----------
------------------------------- ----------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ----------------------------------
e) Date of the transaction 9 January 2023
------------------------------- ----------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
("PDMR") / person closely associated ("PCA")
a) Name Susan McErlain
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status 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 Trackwise Designs plc
------------------------------- ----------------------------------
b) LEI 549300KQIX5EWTJMFK75
------------------------------- ----------------------------------
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 New Ordinary Shares of 0.1 pence
Financial instrument, each
type of instrument
Identification code GB00BFYT9999
------------------------------- ----------------------------------
b) Nature of the transaction Purchase of New Ordinary Shares
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1p 300,000
----------
------------------------------- ----------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ----------------------------------
e) Date of the transaction 9 January 2023
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
("PDMR") / person closely associated ("PCA")
a) Name Susan McErlain
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status 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 Trackwise Designs plc
------------------------------- ----------------------------------
b) LEI 549300KQIX5EWTJMFK75
------------------------------- ----------------------------------
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 Warrants over New Ordinary Shares
Financial instrument, of 0.1 pence each
type of instrument
Identification code GB00BFYT9999
------------------------------- ----------------------------------
b) Nature of the transaction Issue of Warrants
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
6p 150,000
----------
------------------------------- ----------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ----------------------------------
e) Date of the transaction 9 January 2023
------------------------------- ----------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
("PDMR") / person closely associated ("PCA")
a) Name Charles Cattaneo
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status 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 Trackwise Designs plc
------------------------------- ----------------------------------
b) LEI 549300KQIX5EWTJMFK75
------------------------------- ----------------------------------
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 New Ordinary Shares of 0.1 pence
Financial instrument, each
type of instrument
Identification code GB00BFYT9999
------------------------------- ----------------------------------
b) Nature of the transaction Purchase of New Ordinary Shares
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1p 300,000
----------
------------------------------- ----------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ----------------------------------
e) Date of the transaction 9 January 2023
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
("PDMR") / person closely associated ("PCA")
a) Name Charles Cattaneo
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status 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 Trackwise Designs plc
------------------------------- ----------------------------------
b) LEI 549300KQIX5EWTJMFK75
------------------------------- ----------------------------------
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 Warrants over New Ordinary Shares
Financial instrument, of 0.1 pence each
type of instrument
Identification code GB00BFYT9999
------------------------------- ----------------------------------
b) Nature of the transaction Issue of Warrants
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
6p 150,000
----------
------------------------------- ----------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ----------------------------------
e) Date of the transaction 9 January 2023
------------------------------- ----------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- ----------------------------------
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END
ROMNKABDBBKDBDK
(END) Dow Jones Newswires
January 06, 2023 07:30 ET (12:30 GMT)
Trackwise Designs (LSE:TWD)
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Trackwise Designs (LSE:TWD)
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