Trakm8 Holdings PLC Statement regarding Belgravium Technologies plc (1439M)
11 Julio 2014 - 9:22AM
UK Regulatory
TIDMTRAK TIDMBVM
RNS Number : 1439M
Trakm8 Holdings PLC
11 July 2014
Not for release, publication or distribution in whole or in
part, in or into the United States, Canada, Australia, Japan, New
Zealand, Russia, South Africa or any other jurisdiction where to do
so would be unlawful
This is an announcement falling under Rule 2.8 of the City Code
on Takeovers and Mergers (the "Code")
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Statement regarding Belgravium Technologies plc
Rule 2.8 Announcement
On 8 July 2014 Trakm8, the AIM-listed designer, developer and
manufacturer of GPRS based hardware and software for the vehicle
placement and security market, confirmed that it had made a
preliminary approach regarding a possible offer for the entire
issued and to be issued share capital of Belgravium Technologies
plc ("Belgravium"). These discussions have not led to an agreement
to proceed with an offer and accordingly talks have now
terminated.
Under Rule 2.8 of the City Code on Takeovers and Mergers,
Trakm8, and any person deemed to be acting in concert with it, is
restricted from announcing an offer or possible offer for
Belgravium (and/or taking any other action which could otherwise be
restricted under Rule 2.8 of the Code) within the next six months
following the date of this announcement except in the circumstances
set out in Note 2 to Rule 2.8 of the Code.
For further information please contact:
Trakm8 Holdings plc 01747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications (Financial
PR to Trakm8) 020 3128 8100
Reg Hoare / Vicky Watkins
finnCap (Nomad & Broker to
Trakm8) 020 7220 0500
Ed Frisby / Christopher Raggett
- corporate finance
Joanna Weaving - corporate
broking
Notes to Editors
Trakm8
Trakm8, the M2M telematics company using Big Data analytics to
improve driver behaviour is a leading technology designer,
developer and manufacturer of telematics products and
solutions.
The Group, based in Shaftesbury, Dorset, distributes its
hardware and software through a network of distributors worldwide.
In addition the Group provides vehicle monitoring and tracking
services direct to the B2B market. Trakm8's IP owned products and
services allow vehicles and drivers to be monitored, allowing
organisations to manage deliveries and services, or track stolen
vehicles down to five metres.
Recently Trakm8 have developed the T10 product range, which
includes a self-installed telematics device. The Group's services
also include driver behaviour management solutions that can reduce
fuel consumption by 10% or more, reduce risk of accidents,
logistics routing & scheduling packages, and tachograph data
reporting. The Group's customers include Direct Line Group, Eon, St
Gobain, the AA, Fujitsu and Kubota.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005.
www.trakm8.com
finnCap Limited which is regulated in the United Kingdom by The
Financial Conduct Authority is acting for the Company in relation
to the matters described in this announcement and is not advising
any other person, and accordingly will not be responsible to anyone
other than the Company for providing the protections afforded to
customers of finnCap or for providing advice in relation to the
matters described in this announcement.
Publication on website
A copy of this announcement will be made available (subject to
certain restrictions relating to persons resident in restricted
jurisdictions) at www.trakm8.com by no later than 12 noon (London
time) on the business day following the release of this
announcement in accordance with Rule 30.4 of the Code. The content
of the website referred to in this announcement is not incorporated
into and does not form part of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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