Schedule 1 - Tracsis plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Tracsis plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Leeds Innovation Centre

103 Clarendon Road

Leeds

West Yorkshire

LS2 9DF

COUNTRY OF INCORPORATION:

England & Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.tracsis.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Tracsis has resource optimisation software that assists with automating and optimising the process of labour scheduling for passenger bus and rail services in the transport industry.

The Tracsis software has the ability to reduce the number of labour resources required to service a given transport network, improve the planning accuracy, and reduce the overall timescales involved in these activities by automating a process which is highly labour intensive. 

Tracsis has contracts in place with major operators within the bus and rail industries. In addition to the core software, Tracsis also provides maintenance, training, and consultancy services to its customers.

The main country of operation is England.

Admission is sought as a result of a reverse take-over under Rule 14.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

18,961,395 Ordinary Shares of 0.4p each

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£200,000 to be raised upon admission by way of a placing.

Anticipated market capitalisation upon admission - £10,144,346

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

78.26%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Directors

John Cameron McArthur - Chief Executive Officer

Raymond Kwan - Chief Technical Officer

Jay Darren Bamforth - Chief Financial Officer

Charles Stephen Winward - Non-executive Director

John Graeme Nelson - Non-executive Director

Rodney Desmond Jones -Non-executive Director

Proposed Directors

Robert Peter Watson - Chief Operating Officer

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Before Admission

Techtran Group Limited - 20.88%

University Of Leeds - 19.37%

Dr Raymond Kwan - 15.14%

John McArthur - 5.34%

IP2IPO Nominees - 5.29%

After Admission

Techtran Group Limited - 19.28%

University Of Leeds - 17.88%

Dr Raymond Kwan - 13.97%

Robert Watson - 5.72%

John McArthur - 4.93%

IP2IPO Nominees - 4.89%

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None

ANTICIPATED ACCOUNTING REFERENCE DATE 

DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

31 July

31 January 2008

31 January 2009 (Annual accounts), 30 April 2009 (Interim), 31 January 2010 (Annual Accounts)

EXPECTED ADMISSION DATE:

5 August 2008

NAME AND ADDRESS OF NOMINATED ADVISER:

Zeus Capital Limited

3 Ralli Courts

West Riverside

Manchester

M3 5FT

NAME AND ADDRESS OF BROKER:

Zeus Capital Limited

3 Ralli Courts

West Riverside

Manchester

M3 5FT

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The Admission document will be available from the following address and will contain full details about the applicant and the admission of its securities;

Leeds Innovation Centre

103 Clarendon Road

Leeds

West Yorkshire

LS2 9DF

DATE OF NOTIFICATION:

21 July 2008

NEW/ UPDATE:

New