TRAC.L

t42 IoT Tracking Solutions PLC
T42 IOT Tracking Sol - Director's Share Transfer
22nd August 2024, 07:25
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RNS Number : 4151B
T42 IOT Tracking Solutions PLC
22 August 2024
 

22 August 2024

t42 IoT Tracking Solutions PLC

("t42" or the "Company")

Director's Share Transfer

t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"),  one of the global leaders in the field of real time tracking and monitoring of shipping containers, announces that it has been notified that on 21 August 2024 the Company's Chief Executive Officer, Avi Hartmann, transferred 1,318,000 ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares") to A-Labs Finance and Advisory Ltd., in satisfaction and full repayment of a loan of approximately £127k.  

Accordingly, Avi Hartmann is now interested in 4,443,528 Ordinary Shares, representing approximately 8.06% of the Company's existing issued share capital.

 Contacts:

t42 IoT Tracking Solutions PLC

Michael Rosenberg, Chairman

Avi Hartmann, CEO

 

07785 727595

+972 5477 35663

Strand Hanson Limited (Nominated Adviser and Financial Adviser)

James Harris/ Richard Johnson/ Robert Collins

020 7409 3494

Peterhouse Capital Limited

Lucy Williams/Charles Goodfellow/Eran Zucker

 

020 7469 0930

 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, homeland security, and police for end-to-end global container tracking and digital transformation of shipments. 

For more information on the Company, please visit: https://www.t42.co.uk/   



The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

PDMR Notification Form:

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Avi Hartmann

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

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

JE00BKVDPL34

b)

Nature of the Transaction

Transfer of Ordinary Shares in settlement of loan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

1,318,000

d)

Aggregated information

Aggregated volume Price

n/a

n/a

e)

Date of the transaction

21 August 2024

f)

Place of the transaction

Outside a trading venue

 

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