Statement re joint broker

RNS Number : 5561G

Transense Technologies PLC

02 March 2018

 

Transense Technologies plc

("Transense" or the "Company")

Statement re joint broker

Transense Technologies plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, notes the Financial Conduct Authority's ("FCA") announcement today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited (the "Firms") being placed into insolvency. The FCA's announcement disclosed that the FCA has imposed requirements requiring the Firms to cease all regulatory activity. BSL were a joint broker to Transense. As a result of the requirements imposed by the FCA, BSL will no longer be able to provide broking services to Transense.

finnCap Ltd continue to act as nominated adviser and broker to Transense Technologies plc.

For further information please visit www.transense.co.uk or contact:

Transense Technologies plc Graham Storey, Chief Executive	Tel: [phone]
finnCap Ltd Ed Frisby, Giles Rolls (Corporate Finance) Tony Quirke, Abigail Wayne (Sales & Broking)	Tel: [phone]

About Transense Technologies

Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems and supporting technology for use in a variety of diverse high growth markets. Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Transense is targeting the transport and mining industries, and the global torque, temperature and pressure sensing markets, via its trading divisions, Translogik and SAWSense.

Transense's shares are admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: TRT).

www.transense.co.uk

 

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