TRACSIS PLC

Board/Management Information • Mar 11, 2024

National Storage Mechanism | Additional information

RNS Number : 1769G

Tracsis PLC

11 March 2024

11 March 2024

Tracsis plc

("Tracsis" or "the Group")

Board Changes

Tracsis, a leading transport technology provider, today announces the following changes to its Board of Directors as part of the Board's long-term succession planning.

Ross Paterson to join the Board as a Non-Executive Director

Tracsis is pleased to announce that Ross Paterson will join the Board as a Non-Executive Director on 2nd April 2024.

Ross is a former Chief Financial Officer of Stagecoach Group and Non-Executive Director of Virgin Rail Group. He has extensive experience of managing finance & risk and delivering strategic growth in an international UK-listed business, and has significant knowledge of the transport sector from his executive career with Stagecoach Group. He is currently a Non-Executive Director and Audit & Risk Committee Chair of the FTSE 100 company, The Unite Group plc. He is a member of the Institute of Chartered Accountants of Scotland.

Liz Richards to step down from the Board

Liz Richards will step down from the Board on 30th June 2024. Liz joined the Tracsis Board in September 2016 and has been Chair of the Audit Committee since that date. Ross Paterson will succeed Liz as Chair of the Audit Committee on 30th June 2024.

Jill Easterbrook, Non-Executive Chair of Tracsis, commented: "On behalf of the Board and everyone at Tracsis I would like to thank Liz for her significant contribution to Tracsis' success and growth over the last eight years, including her assured leadership of the Audit Committee. I look forward to welcoming Ross, who brings a wealth of experience and is a great fit with our business"

Enquiries:
Tracsis plc		Tel: 0845 125 9162
Chris Barnes, CEO
Andy Kelly, CFO
Cavendish Capital Markets Limited		Tel: 020 7220 0500
Jonny Franklin-Adams/Giles Balleny/Charlie Beeson, Corporate Finance
Andrew Burdis/Sunila de Silva, Corporate Broking
Alma		Tel: 020 3405 0205
David Ison/Rebecca Sanders-Hewett/Joe Pederzolli		tracsis@almastrategic.com

Relevant disclosures:

The following disclosures are required under Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for Companies:

Full name:	Ross John Paterson
Age:	52
Shares held in the Company:	None
Current directorships and/or partnerships:	The Unite Group plc
Historic directorships and/or partnerships within the last five years:	East Coast Main Line Company Limited Inter City Railways Limited
	Stagecoach Bus Holdings Limited
	Stagecoach East Midlands Trains Limited
	Stagecoach Group Limited (formerly, Stagecoach Group plc)
	Stagecoach Holdings Limited
	Stagecoach Rail Holdings Limited
	Stagecoach Rail Operations Limited
	Stagecoach Services Limited
	Stagecoach South Eastern Trains Limited
	Stagecoach South West Limited
	Stagecoach South Western Trains Limited
	Stagecoach Technology Limited
	Stagecoach Transport Holdings Limited
	Stagecoach West Coast Trains Limited
	Travelhero Limited
	WCT Group Holdings Limited
	West Coast Partnership Limited
	West Coast Trains Partnership Limited

There is no further information to be disclosed in relation to the appointment pursuant to Rule 17 and Schedule Two, paragraph (g) of the AIM Rules for Companies.

Notes to editors:  

·    Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries.

·    Tracsis' products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall end-user experience for clients and customers. 

·    The Group is split into two principal operating areas built around detailed industry knowledge and expertise:

-     Rail Technology & Services:   A software, technology and product led business. It develops and supplies software that solves complex resource, asset optimisation and control problems for Train Operators, and Smart Ticketing, Delay Repay and other retail software to improve the customer experience for rail users. It also develops remote condition monitoring hardware, data acquisition software, and safety and risk management software for rail infrastructure providers.

-     Data, Analytics, Consultancy & Events : A largely services led business that focuses on data capture, data analytics, GIS, earth observation, data insights, consultancy and event traffic management within a range of transport and pedestrian rich environments.  The business provides technology and bespoke products and data that underpin large scale intelligent transport systems, smart city planning and positive environmental decision making.

·    Tracsis has a blue-chip client base which includes all major UK transport owning groups, Network Rail, Passenger and Freight Train Operating Companies, the Department for Transport, TfL, multiple local authorities, major outdoor music and sporting event organisers, and a wide variety of large engineering and infrastructure companies. In North America our clients include Class 1 rail freight companies, transit operators, shortline railroads and several large rail served ports and industrials.

·    The business drives growth both organically and through acquisition and has made seventeen acquisitions since 2008.

For more information on Tracsis please visit  http://www.tracsis.com

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