Capital Reduction

RNS Number : 5857S

Transense Technologies PLC

22 December 2016

 

22 December 2016

Transense Technologies plc

("Transense" or the "Company")

Capital Reduction

Transense announces that on 21 December 2016 the High Court granted an order approving the reduction of the Company's capital through the cancellation of the Company's share premium account (the "Capital Reduction") as approved by shareholders and announced by the Company on 23 November 2016. The Company filed this order with the Registrar of Companies and it became effective on 21 December 2016 thereby giving effect to the Capital Reduction which enables the Company to make future distributions to shareholders.

For further information, please contact:

Transense Technologies plc Graham Storey, Chief Executive	Tel: [phone]
finnCap Ed Frisby, Giles Rolls (Corporate Finance) Tony Quirke, Alice Lane (Corporate Broking)	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. Transense's Surface Acoustic Wave (SAW) wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Transense is targeting the global transport and mining industries, and the global torque, temperature and pressure sensing markets, via its two trading divisions,Translogik and SAWSense.

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

 

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