Source - LSE Regulatory
RNS Number : 4225E
T42 IOT Tracking Solutions PLC
11 March 2022
 

11 March 2022 

t42 IoT Tracking Solutions PLC

("t42" or the "Company")

 

Exercise of warrants - Director shareholding

 

t42 (AIM: TRAC), the real-time tracking, security and monitoring solutions provider for the global container and freight market, announces that 500,000 ordinary shares of no par value ("Ordinary Shares") are being issued at a price of 12p per share following the exercise of warrants by Avi Hartmann, Igor Vatenmacher, Michael Rosenberg and a t42 employee. The warrants were granted in connection with the loans entered into with the Company announced on 25 March 2020.

 

Application will be made for the new Ordinary shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM ("Admission").  It is anticipated that Admission will become effective at 8.00 a.m. on or around 16 March 2022.

 

Following the issue of the new Ordinary Shares, the respective directors will have the following interests in the Company's enlarged issued share capital:

 

Following the issue of the new Ordinary Shares

Director

Number of Ordinary Shares held

Percentage of issued ordinary share capital

Avi Hartmann

5,581,528

10.53%

Igor Vatenmacher

393,000

0.74%

Michael Rosenberg

2,278,299

4.30%

 

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation is appended below.

 

Total voting rights 

 

On Admission, the Company's enlarged issued share capital will comprise 53,026,822 Ordinary Shares.  The Company does not hold any shares in treasury.  Therefore, the total number of Ordinary Shares with voting rights in the Company will be 53,026,822.  This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules. 

 

 

Contacts:

 

t42 IoT Tracking Solutions PLC

Michael Rosenberg, Chairman

Avi Hartmann, CEO

 

 

 

07785 727595

+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)

Tom Randell/Henry Wilkinson/Annabelle Wills

020 3004 9512

t42@yellowjerseypr.com

 

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 and 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/ 

 

Information required pursuant to rule 26 of the AIM Rules for Companies can be found at  www.starcomsystems.com 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Avi Hartmann (CEO)

 Igor Vatenmacher (CFO)

Michael Rosenberg (Chairman)

2. 

Reason for the Notification

a)

Position/status

See 1a) above

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 instrument, type of instrument

Ordinary shares of no par value

 

Identification code

ISIN: JE00BKVDPL34

b)

Nature of the transaction

Exercise of warrants

 

c)

Price(s) and volume(s)

Director/PDMR

Price(s)

Volume(s)

Avi Hartmann

 12p

200,000

Igor Vatenmacher

 12p

50,000 

 

Michael Rosenberg

12p

200,000

 

d)

Aggregated information:

- Aggregated volume

- Price

 

450,000

N/A

e)

Date of the transaction

10 March 2022

f)

Place of the transaction

Outside a trading venue

 

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