Award of Options

For immediate release        28 October 2010                            Transense Technologies PLC                          ("Transense" or the "Company") Award of Options The Company announces that the following new share options have been awarded to a Board member. Options over 875,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") under the Transense 2008 Enterprise Management Incentive Option Scheme ("the Scheme") were granted yesterday to Graham Storey (CEO). The options provide the right to subscribe for Ordinary Shares at an exercise price of £0.05 per Ordinary Share if the Company's share price reaches £0.14; the option is exercisable as set out below:    Strike Director   Shares    Exercise Price Price    Exercise Term    Oct - Graham Storey   875,000    £0.05    £0.14 2011 Oct - 2015 The capital reconstruction which was required to implement the recent fundraising in July 2010 was a "disqualifying event" for the purposes of the then existing options granted under the Scheme. Consequently all such options were surrendered on the basis that options would subsequently be granted to affected employees on no less favourable bases than those surrendered. Following the conclusion of the recently announced joint venture with SenGenuity, this is the first opportunity that the Company has had to grant replacement options outside a close period. The Remuneration Committee has resolved to grant these options on the terms set out above. In addition to the options granted to Graham Storey, options on similar terms were also granted to all key members of staff. For more information, please contact: Transense Technologies PLC                    Tel: +44 (0) 1869 238 380 Graham Storey, Chief Executive Brewin Dolphin - Nomad Neil Baldwin                                  Tel: +44 (0) 845 213 4726 Hybridan LLP - Broker Claire Noyce                                  Tel: +44 (0) 207 947 4350 Peckwater PR Tarquin Edwards                               Tel: +44 (0)7879 458 364                                               tarquin.edwards@peckwaterpr.co.uk [HUG#1456784] This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Transense Technologies plc via Thomson Reuters ONE
UK 100

Latest directors dealings