Business
First Day of Dealings
First Day of Dealings.
About this update from Tracsis Plc
[{"type":"text","content":"\n \n \nTracsis plc \n\n First Day of Dealings on AIM \n\nLabour optimisation specialist moves to AIM\n\nTracsis plc, (\"Tracsis\" or the \"Company\") (AIM:TRCS), a provider of labour\nresource optimisation software for the transport sector, is pleased to announce\nthe commencement of dealings on AIM. The Company raised £2,000,000 before\nexpenses at a placing price of 40p per share and has a market capitalisation of\napproximately £7 million at the placing price.\n\nThe Nominated Adviser and Broker is Zeus Capital Limited.\n\nPlacing Statistics\n\nPlacing Price 40p\n \nNumber of Ordinary Shares in issue prior to the Placing 12,503,450\n \nNumber of Ordinary Shares being issued pursuant to the Placing 5,000,000\n \nNumber of Ordinary Shares in issue immediately following the 17,503,450\nPlacing \n \nPlacing Shares as a percentage of the enlarged issued share 28.57%\ncapital \n \nEstimated net proceeds of the Placing £1,580,000\n \nMarket capitalisation of the Company at the Placing Price £7,001,380\nfollowing Admission \n\nKey points about Tracsis\n\n * A provider of resource optimisation software to transport companies in the\n passenger rail and bus industries\n \n * The product is used to automate and optimise the process by which work\n schedules for on-board labour (drivers, conductors, catering staff, etc)\n are created. It allows for this activity to be done with greater speed and\n with a high degree of efficiency\n \n * Year-on-year growth in turnover and profits. Operating profit of £407,000\n for the year to July 2007\n \n * Contracts in place with rail and bus companies throughout the UK\n \n * The technology platform is scaleable and transferable to other industries\n and overseas markets\n \n * The Company's goal is to become a leading provider of operational planning\n software for global transport markets\n \nJohn McArthur, CEO, Tracsis, commented:\n\n\"Tracsis solves one of the most challenging problems posed to modern transport\ncompanies today - that being efficient labour allocation across highly\ncomplicated networks. Over the past 3 years we have demonstrated the value of\nour technology with major transport operators and this has led to great long\nterm relationships being formed.\n\nThe funds raised will allow us to significantly expand our delivery team, \nproduct offering and speed up our overall g...