Completion of First Placing & Exercise of Warrants

RNS Number : 6160G

Transense Technologies PLC

10 June 2013

 



Transense Technologies PLC

10 June 2013

 

Completion of First Placing and Exercise of Warrants

Further to the announcement on 7 June 2013, Transense Technologies plc (the 'Company') is pleased to announce that the First Stage Placing will become wholly unconditional following the admission of 26,576,630 Ordinary Shares to trading on AIM at 0800 this morning.

Following completion of the First Stage Placing, the Company's issued share capital will be 227,869,203 Ordinary Shares, representing 227,869,203 voting rights in the Company. Until further notice, this figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

As outlined in the circular dated 6 June 2013, the Company announces that, on 3 June 2013, it issued 81,515 ordinary shares of 1p each (the "Warrant Shares") following the exercise of Warrants at a price of 4.5 pence per share.

Application will be made for the Warrant Shares to be admitted to trading on AIM, which is expected to occur on 13 June 2013.

Defined terms used but not defined in this announcement have the meanings set out in the Circular.

For more information, please contact:

Transense Technologies plc	Tel: [phone]
Graham Storey, Chief Executive
N+1 Singer - Nominated Adviser and Broker Shaun Dobson, Aubrey Powell	Tel: [phone]
Newgate Threadneedle	Tel: [phone]
Caroline Evans-Jones, Robyn McConnachie

 

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