Awards of Options

RNS Number : 9020I

Transense Technologies PLC

13 August 2019

 

Transense Technologies plc

("Transense" or the "Company")

Award of Options

Transense Technologies plc, the provider of sensor systems for the industrial, mining and transportation markets, announces that it has today issued options over 780,000 ordinary shares (the "Options"), under the Transense 2019 Enterprise Management Incentive Option Scheme (the "Scheme"), to Graham Storey, David Ford and Melvyn Segal, the Company's Executive Directors.

The Options provide the right to subscribe for 780,000 ordinary shares of 10 pence each ("Ordinary Shares") at an exercise price of £0.75 per Ordinary Share subject to the Company's share price reaching £2.00 and first vesting two years after grant. The Options are granted for a maximum period of 10 years and will expire 13 August 2029.

Details of the Options award is set out below:

Executive Directors	New Options	Exercise Price
D Ford	330,000	£0.75
G Storey-Macintosh	280,000	£0.75
M Segal	170,000	£0.75
Total	780,000

The Remuneration Committee resolved to grant these Options on the terms set out above. The exercise price was determined by the Remuneration Committee.

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

Transense Technologies plc Graham Storey, Chief Executive	Tel: [phone]
finnCap Ed Frisby, Giles Rolls, Matthew Radley (Corporate Finance) Tim Redfern, Tim Harper (ECM)	Tel: [phone]
IFC Advisory Tim Metcalfe, Graham Herring, Heather Armstrong	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. The Directors believe that Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer 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. www.transense.co.uk

Transense's shares are admitted to trading on AIM (AIM: TRT).

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Ford
2.	Reason for the Notification
a)	Position/status	Chairman
b)	Initial notification/Amendment	Initial notification
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(s) and volume(s)	Exercise Price(s) Volume(s) 75p 330,000
d)	Aggregated information: ·    Aggregated volume ·    Price	See 4c) above
e)	Date of the transaction	13 August 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Graham Storey-Macintosh
2.	Reason for the Notification
a)	Position/status	CEO
b)	Initial notification/Amendment	Initial notification
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(s) and volume(s)	Exercise Price(s) Volume(s) 75p 280,000
d)	Aggregated information: ·    Aggregated volume ·    Price	See 4c) above
e)	Date of the transaction	13 August 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Melvyn Segal
2.	Reason for the Notification
a)	Position/status	FD
b)	Initial notification/Amendment	Initial notification
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(s) and volume(s)	Exercise Price(s) Volume(s) 75p 170,000
d)	Aggregated information: ·    Aggregated volume ·    Price	See 4c) above
e)	Date of the transaction	13 August 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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