Director/PDMR Shareholding

RNS Number : 5655D

Transense Technologies PLC

16 September 2008

 



TRANSENSE TECHNOLOGIES PLC (the 'Company')

GRANT OF OPTIONS

16th September 2008

The Company announces that on 16th September 2008 options over 375,000 ordinary shares of 10 pence each under the Transense 2008 Enterprise Management Incentive Option Scheme were granted to Norman Smith, Chief Executive of the Company.

The options provide the right to subscribe for Ordinary Shares at an exercise price of £0.11 per Ordinary Share; the options are exercisable in three tranches as below, with a performance condition that the share price must be £0.50, £0.75 and £1.00 per share on AIM for tranche one, two and three respectively prior to their being exercisable. None of the options are capable of exercise after January 2014.

Number     Exercise     Strike      Exercise Term             Vesting

    Price        Price                        

100,000    £0.11        £0.50        Jan 2009 - Jan 2012        Jan 09

125,000    £0.11        £0.75        Jan 2010 - Jan 2013        Jan 10

150,000    £0.11        £1.00        Jan 2011 - Jan 2014        Jan 11

Enquiries:

Transense Technologies plc 

Norman Smith / Melvyn Segal              01869 238 380

Brewin Dolphin Investment Banking

Neil Baldwin                             0113 241 0126

ENDS

 

END

 

 

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