Director/PDMR shareholding - acquisition of shares

RNS Number : 6358P

Transense Technologies PLC

21 June 2022

 

Transense Technologies plc

("Transense" or the "Company")

Director/PDMR shareholding - acquisition of shares

Transense Technologies plc (AIM: TRT), the developer of specialist sensor systems, has been notified that on 21 June 2022, Nigel Rogers, Executive Chairman of the Company, purchased 15,000 ordinary shares in the Company at 58.74p per share. Accordingly, Nigel Rogers' total beneficial shareholding in the Company has increased to 265,000 ordinary shares, which represents 1.62% of the issued share capital.

Further details are provided in the forms below in accordance with the requirements of the UK Market Abuse Regulation.

For further information please visit www.transense.com or contact:

Transense Technologies plc Nigel Rogers (Executive Chairman) Melvyn Segal (CFO) Via Walbrook PR Allenby Capital (Nominated Adviser and Broker) Jeremy Porter / George Payne (Corporate Finance) Tony Quirke (Sales and Corporate Broking) Tel: [phone] Walbrook PR Tom Cooper/Nick Rome/Nicholas Johnson Tel: [phone] [e-mail]

Notes to Editors:

Transense develops and supplies wireless sensor technology and systems. The Company has three business areas:

· SAW , patent protected Surface Acoustic Wave sensor technology that provides real time measurement of torque, temperature, pressure and strain, that is used to improve efficiency, performance and safety of propulsion systems and machinery;

· Translogik , smart, connected commercial vehicle tyre inspection equipment, used by vehicle fleets to more easily gather and maintain accurate tyre safety and condition data; and

· iTrack , a tyre pressure monitoring system for off-highway machinery, licensed exclusively to Bridgestone Corporation, the world's largest tyre producer, under a ten-year deal.

Target market sectors include automotive, aerospace and industrial machinery. The Group's strategy is to leverage excellence in innovation, know-how in wireless sensor technologies and form industry partnerships in these global growth sectors to maximise shareholder value through sustained revenue growth from all three principal technologies - SAW, iTrack and Translogik.

Transense is headquartered in Oxfordshire, UK, and was admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: TRT), in 1999.

For further information please contact [e-mail]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nigel Rogers
2	Reason for the notification
a)	Position/status	Executive Chairman
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Transense Technologies plc
b)	LEI	2138005N52J6KKQ3EY67
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of 10 pence each
	Identification code	GB00BDHDTH21
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price and volume	Price: 58.74 pence per share Volume: 15,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	2 1 June 2022
f)	Place of the transaction	London Stock Exchange, AIM

 

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