TIDMTRAC

RNS Number : 9313V

T42 IOT Tracking Solutions PLC

16 December 2021

16 December 2021

t42 IoT Tracking Solutions PLC

("t42" or the "Company")

Director shareholding

The Company (AIM: TRAC), which specialises in the development of wireless, Internet-of-Things (IoT) based solutions for the remote tracking, monitoring and protection of a variety of assets, announces the following update regarding the shareholding of Avi Hartmann, CEO of the Company.

On 1 October 2021, it was announced that Avi Hartmann acquired 1,218,000 (9,744,000 pre share consolidation) ordinary shares in the Company from t42 colleagues as a result of their conversion of loan notes ("Loan Notes") into ordinary shares of the Company (the "Acquisition Shares"). Mr. Hartmann entered into a share pledge over the Acquisition Shares at the same time but his total beneficial shareholding in the Company remains unchanged at 5,381,528 ordinary shares, representing approximately 10.25% of the issued share capital.

It was also agreed that in addition to acquiring the Acquisition Shares, Avi Hartmann would acquire 200,000 of the warrants that were issued as part of the terms of the Loan Notes, the details of which were announced on 25 March 2020. Accordingly, Avi Hartman is interested in a total 200,000 warrants over new ordinary shares in the Company, exercisable at 12p per share and which expire on 24 March 2022.

Details of these transactions are set out in the requisite disclosure forms at the end of this announcement.

Contacts:

 
 Starcom 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 
 

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

 
       Details of the person discharging managerial responsibilities 
   1    / person closely associated 
 a)    Name                        Avi Hartmann 
      --------------------------  ------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status             Chief Executive Officer 
      --------------------------  ------------------------------------------------- 
 b)    Initial notification        Initial notification 
        /Amendment 
      --------------------------  ------------------------------------------------- 
 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          Warrants to subscribe for ordinary shares 
        financial instrument,       of no par value 
        type of instrument 
        Identification              Identification code (ISIN) for t42 IoT Tracking 
        code                        Solutions plc ordinary shares: JE00BKVDPL34 
      --------------------------  ------------------------------------------------- 
 b)    Nature of the transaction   Acquisition of warrants to subscribe for 
                                    ordinary shares of no par value 
      --------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s)      200,000 warrants to subscribe for ordinary 
                                    shares at 12p per share 
      --------------------------  ------------------------------------------------- 
 d)    Aggregated information                   Volume(s) 
        - Aggregated volume           Price(s) 
        - Price                      12p         200,000 
                                                ---------- 
      --------------------------  ------------------------------------------------- 
 e)    Date of the transaction     1 October 2021 
      --------------------------  ------------------------------------------------- 
 f)    Place of the transaction    Outside a trading venue 
      --------------------------  ------------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
   1    / person closely associated 
 a)    Name                        Avi Hartmann 
      --------------------------  ------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------- 
 a)    Position/status             Chief Executive Officer 
      --------------------------  ------------------------------------------------- 
 b)    Initial notification        Initial notification 
        /Amendment 
      --------------------------  ------------------------------------------------- 
 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          Ordinary Shares of no par value 
        financial instrument, 
        type of instrument          Identification code (ISIN) for t42 IoT Tracking 
        Identification              Solutions plc ordinary shares: JE00BKVDPL34 
        code 
      --------------------------  ------------------------------------------------- 
 b)    Nature of the transaction   Share pledge to A-Labs Limited 
      --------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s)      1,218,000 ordinary shares 
      --------------------------  ------------------------------------------------- 
 d)    Aggregated information                    Volume(s) 
        - Aggregated volume           Price(s) 
        - Price                      n/a          1,218,000 
                                                 ---------- 
      --------------------------  ------------------------------------------------- 
 e)    Date of the transaction     1 October 2021 
      --------------------------  ------------------------------------------------- 
 f)    Place of the transaction    Outside a trading venue 
      --------------------------  ------------------------------------------------- 
 

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END

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(END) Dow Jones Newswires

December 16, 2021 08:35 ET (13:35 GMT)

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