Admission to trading on AIM
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW.
This announcement is not an admission document or a prospectus. It does not constitute or form part of, and should not be construed as, an offer to sell or issue, or a solicitation of any offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. Investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the admission document (the "Admission Document") to be published by Trackwise Designs plc ("Trackwise" or the "Company") in due course in connection with the proposed admission of the ordinary shares in the capital of the Company (the "Ordinary Shares") to trading on AIM, a market operated by London Stock Exchange plc (the "London Stock Exchange"). Copies of the Admission Document will, following publication, be available during normal business hours on any day (except Saturdays, Sundays and public holidays) from the registered office of the Company and on the Company's website.
31 July 2018
Trackwise Designs plc
("Trackwise" or the "Company")
Admission to trading on AIM and First Day of Dealings
Trackwise, a leading provider of specialist products using printed circuit technology, is pleased to announce that Admission of the Company's Ordinary Shares to trading on AIM will take place at 8.00 a.m. today, 31 July 2018. Dealings in the Ordinary shares will commence with the ticker "TWD" and ISIN GB00BFYT9999.
The Company will, on Admission, based on a Placing Price of 105 pence per Placing Share, have a market capitalisation of £15.5 million, following an oversubscribed £7.0 million fundraising. £5.5 million was raised for the Company, and £1.5 million for the Selling Shareholders.
The Admission Document is available to view at www.trackwise.co.uk.
Arden Partners plc is acting as Nominated Adviser and Broker to the Company in relation to the Admission and the Placing.
The total number of Ordinary Shares with voting rights in the Company with effect from 31 July 2018 is 14,772,372. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Philip Johnston (CEO) / Mark Hodgkins (CFO)
+44 016 8429 9930
Arden Partners plc (Nominated Adviser and Broker)
Steve Douglas / Ciaran Walsh / Daniel Gee-Summons
+44 020 7614 5900
IFC Advisory Limited (Financial PR & IR)
Tim Metcalfe / Miles Nolan / Zach Cohen
+44 020 3934 6600
Notes to Editors
Trackwise is an established business that manufactures specialist products using printed circuit technology. The Company consists of two divisions Radio Frequency ("RF") and Improved Harness Technology ("IHT").
The RF business unit manufactures specialist printed circuits which are primarily used in the antenna infrastructure to support the 3G/4G mobile phone networks. However, the technology has a number of other applications which render the RF business a stable revenue generator.
The IHT division utilises the Company's unique proprietary technology, a patented process that Trackwise has developed to manufacture unlimited length multilayer flexible printed circuits. The Directors believe that the technology has many applications but believe one of its primary uses could be to replace traditional wire harness used in a variety of industries.
Trackwise Designs plc was admitted to trading on AIM on 31 July 2018 with the ticker TWD.
For additional information please visit: www.trackwise.co.uk
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Quick facts: Trackwise
Market Cap: £14.24 m
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