Tracsis Moves To The Alternative Investment Market

Tracsis is pleased to announce the commencement of dealings on the London Stock Exchange’s Alternative Investment Market (AIM). The Company raised £2,000,000 before expenses at a placing price of 40p per share and has a market capitalisation of approximately £7 million at the placing price.
John McArthur, CEO of Tracsis, commented:
'Tracsis solves one of the most challenging problems posed to modern transport companies today - that being efficient labour allocation across highly complicated networks. Over the past 3 years we have demonstrated the value of our technology with major transport operators and this has led to great long term relationships being formed.
The funds raised will allow us to significantly expand our delivery team, product offering and speed up our overall growth profile. I am delighted with our admission to AIM and look forward to the year ahead.'
For more information please see the
Investor Relations section of the website or visit the
London Stock Exchange’s website.