Grant of Options/PDMR Dealing

RNS Number : 1498R

Transense Technologies PLC

26 June 2020

 

Transense Technologies plc

("Transense" or the "Company")

Grant of Options

PDMR Dealing

On 25 June 2020, Transense Technologies plc, the provider of specialist sensor systems, announced changes to the Group structure including the transfer of the iTrack business. Under these arrangements, a total of 1,278,000 options to acquire ordinary shares of 10 pence each ("Ordinary Shares") in Transense held by transferring employees have lapsed.

Transense announces that today (the "Grant Date"), a total of 1,003,000 options ("Options") over the Company's Ordinary Shares were granted to all employees including certain PDMRs.

The Options have an exercise price of 62 pence per Ordinary Share. The vesting period begins on the third anniversary of the Grant Date and lapses on the tenth anniversary of the Grant Date. The Options granted to PDMRs vest on the condition that the quoted price of Ordinary Shares exceeds £1.50 during the vesting period. The Options granted to all other employees are based on tailored business performance criteria.

Name	Options granted	Exisiting options	Total options now held
Nigel Rogers (Executive Chairman)	400,000	0	400,000
Melvyn Segal (CFO)	200,000	250,000	450,000

The aggregate effect of all current share options awarded amounts to maximum dilution of 8.25% of the ordinary share capital.

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

Transense Technologies plc Nigel Rogers, Executive Chairman Melvyn Segal, Chief Financial Officer	Tel: [phone]
finnCap Ed Frisby, Giles Rolls, Matthew Radley (Corporate Finance) Tim Redfern, Tim Harper (ECM)	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 torque, temperature and pressure sensing markets via its SAWSense division. The continuing business within its Translogik division offers a range of tyre testing equipment aimed at fleet managers and tyre service providers. Further details are available at www.transense.com .

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nigel Rogers
2	Reason for the notification
a)	Position/status	PDMR - Executive Chairman
b)	Initial notification /Amendment	Initial
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	Grant of Options over Ordinary Shares of 10 pence each
	Identification code	GB00BDHDTH21
b)	Nature of the transaction	Grant of Options
c)	Price and volume	Exercise Price of Options: 62 pence per share Volume: 400,000 options
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	26 June 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Melvyn Segal
2	Reason for the notification
a)	Position/status	PDMR - CFO
b)	Initial notification /Amendment	Initial
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	Grant of Options over Ordinary Shares of 10 pence each
	Identification code	GB00BDHDTH21
b)	Nature of the transaction	Grant of Options
c)	Price and volume	Exercise Price of Options: 62 pence per share Volume: 200,000 options
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	26 June 2020
f)	Place of the transaction	London Stock Exchange, AIM

 

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