Statement regarding Trakm8 Holdings plc
Microlise confirms commitment to vote for recommended cash offer for Trakm8 at 9.5p per share.
- Trakm8 offer price 9.5 pence per share
- Microlise shareholding in Trakm8 10,000,000 shares (20.01% of issued share capital)
- Microlise loan to Trakm8 £1,000,000
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Microlise Group plc (AIM: SAAS), a leading provider of transport management software to fleet operators, notes the announcement of a recommended cash offer for Trakm8 Holdings plc ("Trakm8") at a price of 9.5 pence per Trakm8 share, released on 1 May 2025. The Company confirms that it has irrevocably undertaken to vote in favour of the Scheme at the Court Meeting and the Special Resolution to be proposed at the General Meeting in respect of the Company's own beneficial holdings amounting to, in aggregate, 10,000,000 Trakm8 Shares, representing approximately 20.01 per cent. of the existing issued ordinary share capital of Trakm8.
In addition, Microlise has a £1,000,000 interest bearing loan (FY24: 18%) outstanding to Trakm8 repayable on 14 September 2025 or convertible, at the Company's option, into Trakm8 shares at a price of 8.1 pence per share.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.