Transaction in Own Shares & TVR

Transense Technologies PLC

29 August 2023

 

Transense Technologies plc

("Transense" or "the Company")

Transaction in own shares

Change to Total Voting Rights

Transense Technologies plc, the provider of specialist sensor systems, announces that the Company has purchased 40,000 of its own ordinary shares of 10p each ("Ordinary Shares") at a price of 97.625 pence per share. These shares will be held in treasury for the time being to satisfy share option awards in the future.

Following this transaction, the total number of Ordinary Shares held as treasury shares by the Company is 935,356. The total number of Ordinary Shares in issue (including shares held as treasury shares) is 16,437,740. Therefore, the total number of voting rights in the Company is 15,502,384 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules. 

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, the information below contains information about the purchases made by Shard Capital Stockbrokers on behalf of the Company as part of the buyback programme.

Aggregate information:

Shares purchased:	Transense Technologies plc (ISIN CODE: GB00BDHDTH21)
Date of purchases:	25 August 2023
Investment firm	Shard Capital Stockbrokers
Venue	London Stock Exchange
Number of ordinary shares purchased	40,000
Volume-weighted average price, pence	97.625
Highest price paid (per ordinary share), pence	97.625
Lowest price paid (per ordinary share), pence	97.625

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/Jos Pinnington (Sales and Corporate Broking)	Tel: [phone]
Walbrook PR Tom Cooper/Nick Rome / Joseph Walker	Tel: [phone] [e-mail]

Notes to Editors:

Transense is headquartered in Oxfordshire, UK and its shares are traded on AIM, a market operated by the London Stock Exchange (AIM: TRT). The Company develops and supplies advanced sensor technology and measurement solutions used by some of the world's leading companies to improve performance, efficiency and safety in demanding, mission critical applications.  Transense currently operates through two active business segments:

·    SAWsense - designs, supplies and licences advanced sensor solutions based on proven, patent protected Surface Acoustic Wave (SAW) technology to world leading companies in aerospace, electric motors and drives, industrial machinery (including robotics) and motor sport. Key customers include GE Aerospace, Parker Meggitt, McLaren Applied and several other confidential Tier One automotive and aerospace suppliers.

·    Translogik - develops smart, connected commercial vehicle tyre inspection equipment to many of the world's leading tyre suppliers, fleet operators and service centres, that accurately measure and digitally capture safety-critical tyre condition data, used to reduce operating costs, improve safety and provide audit records for regulatory compliance. Key customers include Bridgestone, Goodyear, Continental and Prometeon (Pirelli), and leading independent providers of vehicle fleet maintenance management software.

Transense earns residual royalty income from iTrack - a tyre monitoring system for off-highway vehicles that was designed, developed and supplied by Translogik and sold under subscription to leading global mining companies. The associated sales, support and development infrastructure were sold to Bridgestone Corporation Japan, the world's largest tyre producer, in June 2020, and the intellectual property was licenced exclusively to Bridgestone under a ten-year deal expiring in 2030.

For further information please contact [e-mail]

Schedule of Purchases - Individual Transactions

Number of Shares	Price Per Share (pence)	Trading Venue	Date of Transaction	Time of transaction
40,000	97.625	London Stock Exchange	25 August 2023	16:43:56

 

END