Trakm8 rises on new contract win and extension with Iceland Foods

(Alliance News) - Trakm8 Holdings PLC shares jumped on Tuesday, after it announced a new contract win and extension with Iceland Foods Ltd.

Shares in the Dorset, England-based global telematics and data insight provider were up 13% to 8.50 pence each in London on Tuesday morning.

It said it has won a new contract and sealed a contract extension with Iceland, a supermarket chain headquartered in Deeside, Wales.

Under the new contract, Trakm8 will develop a Phase 2 additional feature set for the Iceland Scheduler home delivery solution.

In addition, Iceland and Trakm8 have extended the current contract to March 31, 2028.

Trakm8's Executive Chair John Watkins commented: "We are delighted to extend the scope and duration of the solutions we provide to Iceland Foods having been working closely together for over 10 years."

By Sophie Rose, Alliance News senior reporter

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