Trackwise Designs (LON:TWD), a leading provider of specialist products using printed circuit technology, today announced 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.
Trackwise is an established business that manufactures specialist products using printed circuit technology. The Company consists of two divisions Radio Frequency and Improved Harness Technology.
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.