Grant of Options/PDMR Dealing

RNS Number : 7580N

Transense Technologies PLC

04 October 2021

 

4 October 2021

Transense Technologies plc

("Transense", or "the Company")

Grant of Share Options

Notification of transactions by directors

Transense Technologies plc (AIM: TRT), the developer of specialist sensor systems, announces that the Company has granted options ("Options") over 250,000 new ordinary shares of 10 pence each ("Ordinary Shares"), pursuant to the Company's Unapproved Discretionary Share Option Scheme and Enterprise Management Share Option Scheme, to the Company's Directors as detailed below:

Name	Options granted	Existing options	Total options over new Ordinary Shares now held
Nigel Rogers (Executive Chairman)	150,000	400,000	550,000
Melvyn Segal (Chief Financial Officer)	75,000	420,000	495,000
Rodney Westhead (Non-Executive Director)	25,000	0	25,000

The Options are exercisable at the nominal value of Ordinary Shares of 10p per share. The Options can be exercised from the third anniversary of grant until the tenth anniversary of grant (the "Exercise Period") and provided that share price targets are met as follows:

i)  two thirds of the Options can be exercised if during the Exercise Period the daily closing price of Ordinary Shares has exceeded £1.50 for 10 consecutive business days; and

ii)  one third of the Options can be exercised on a pro rata basis according to the highest daily closing price of Ordinary Shares between £1.50 and £2.00 for 10 consecutive business days during the Exercise Period (and therefore all these Options can be exercised if the £2.00 share price target is met and none can be exercised if the share price does not exceed £1.50 for 10 consecutive days).

Following the above grant of Options, the total number of options outstanding over unissued Ordinary Shares is 1,464,000, representing approximately 8.9 per cent. of the Company's issued share capital.  The Directors intend to make further grants to employees and consultants in due course within an overall aggregate limit of 10 per cent of the Company's issued share capital.

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 (Sales & Corporate Broking)	Tel: [phone]
Walbrook PR Tom Cooper/Nick Rome	Tel: [phone] [e-mail]

Notes to Editors:

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring. Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense 's Tyre Pressure Monitoring System, licensed to Bridgestone Corporation, the world's largest tyre producer, under a ten-year deal in June 2020; and a range of intelligent tyre monitoring equipment under the Translogik brand. Target sectors include automotive, aerospace, industrial, green energy, rail and marine.

The Group's strategy is to maximise shareholder value through the delivery of sustained revenue growth from all three principal technologies - SAW, iTrack and Translogik probes - through leveraging excellence in innovation, know-how in commercialising technologies, industry partnerships and exposure to global growth markets.

Transense is headquartered in Oxfordshire, UK, and was admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: TRT), in 1999. www.transense.com  

For further information please contact [e-mail] .

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	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	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(s)  10p Volume(s)  150,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	1 October 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Melvyn Segal
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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	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(s)  10p Volume(s)  75,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	1 October 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rodney Westhead
2	Reason for the notification
a)	Position/status	Non-Executive Director
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	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(s)  10p Volume(s)  25,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	1 October 2021
f)	Place of the transaction	Outside a trading venue

 

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