News Column

Trakm8 Confirms Preliminary Approach To Belgravium Technologies

July 8, 2014

Steve McGrath

LONDON (Alliance News) - Trakm8 Holdings PLC Tuesday confirmed that it has made a preliminary takeover approach to Belgravium Technologies PLC.

Belgravium's shares jumped sharply Monday after it said it had been approached by the manufacturer of GPRS-based hardware and software for the vehicle placement and security markets.

Both companies have said there's currently no certainty a deal will be done.

Trakm8 said it will make a further announcement when appropriate.

Trakm8 shares were down 0.2% at 77.84 pence Tuesday morning, while Belgravium Technologies was down 10.4% at 5.60 pence, having risen 25% on Monday.

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Source: Alliance News

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