Issue of Options

RNS Number : 2472J

Transense Technologies PLC

21 December 2020

 

Transense Technologies plc

("Transense", or "the Company")

Issue of Options

Transense Technologies plc (AIM: TRT), the developer of specialist sensor systems, announces that, further to the announcement of 13 August 2019 regarding the grant of 170,000 options to Melvyn Segal, Chief Financial Officer of the Company, these options were, on 18 December 2020, cancelled and re-granted on the same terms for administrative reasons in connection with the Company's EMI share option scheme. 

As per the original grant, these options provide the right to subscribe for 170,000 new ordinary shares of 10 pence each at an exercise price of £0.75 per share, subject to vesting on 13 August 2021 (being two years after original grant date) and the Company's share price reaching £2.00. These options expire on 13 August 2029.

The FCA notification in respect of the above, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

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/James Reeve (Corporate Finance) Tony Quirke (Equity Sales)	Tel: [phone]
Walbrook PR Tom Cooper/Nick Rome/Nicholas Johnson	Tel: [phone] [e-mail]

Notes to Editors:

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring.  Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense 's Tyre Pressure Monitoring System, recently licensed to Bridgestone Corporation, the world's largest tyre producer, under a ten-year deal; and a range of intelligent tyre monitoring equipment under the Translogik brand. Target sectors include automotive, aerospace, industrial, green energy, rail and marine.

The Group's strategy is to maximise shareholder value through the delivery of sustained revenue growth from all three principal technologies - SAW, iTrack and Translogik probes - through leveraging excellence in innovation, know-how in commercialising technologies, industry partnerships and exposure to global growth markets.

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.  www.transense.com

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	Melvyn Segal
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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	Options to subscribe for ordinary shares of 10 pence each
	Identification code	GB00BDHDTH21
b)	Nature of the transaction	Cancellation and grant of options
c)	Price and volume	Exercise Price(s) Volume(s) 75p 170,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	18 December 2020
f)	Place of the transaction	Outside a trading venue

 

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