21 April 2017

Tracsis plc

("Tracsis" or the "Group")

Director/PDMR Shareholding and Issue of Equity

Tracsis confirms that it has received notification that Max Cawthra, Chief Financial Officer has today exercised 10,162 share options and it has today issued 10,162 ordinary shares of 0.4p each ("Ordinary Shares") (the "New Ordinary Shares").

The options that were exercised were granted in 2012 under an incentive scheme where an annual bonus was exchanged for share options. The options were fully vested and have an exercise price of 0.4p.

No shares were disposed of, and following this exercise, Max Cawthra increased his interests in Tracsis to 188,022 ordinary shares representing 0.67% of the issued share capital.

In addition, the Company also confirms that following the receipt of a notice of exercise of employee options, it has today issued a further 11,000 ordinary shares of 0.4p each, making a total of 21,162 ordinary shares of 0.4 each.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 27 April 2017.

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 27,905,173. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 27,905,173 Ordinary Shares with voting rights attached (one vote per Ordinary 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.

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Notes to editors: 

§ The Group specialises in solving a variety of data capture, reporting and resource optimisation problems along with the provision of a range of associated professional services.

§ Tracsis' products and services are used to increase efficiency, reduce cost and improve the operational performance and decision making capabilities for clients and customers. 

§ The Company offers the following services:

-  Rail Technology & Services: Software and technology led consulting, and Remote Condition Monitoring: Industry strength software that covers a variety of asset classes working alongside consulting and related professional services across the operational and strategic planning horizon, plus Technology and reporting for critical infrastructure assets in real time, to identify problems and aid with preventative maintenance.

-  Traffic & Data Services: Collation, analytical services, and event management within traffic and pedestrian rich environments.

§ Tracsis has a blue chip client base which includes the majority of UK transport operators.  The business also works extensively with Network Rail, the Department of Transport, multiple local authorities, Silverstone, Goodwood, and a variety of large engineering/infrastructure companies.

§ The business drives growth both organically and through acquisition and has made eight acquisitions since 2008.

§ Tracsis listed on AIM in 2007 under ticker TRCS.

§ For more information visit http://www.tracsis.com