Grant of share options to employees

RNS Number : 3478C

Transense Technologies PLC

22 February 2022

 

Transense Technologies plc

("Transense" or "the Company")

Grant of share options to employees

Transense Technologies plc (AIM: TRT), the developer of specialist sensor systems, announces that it has today granted 93,000 options to acquire ordinary shares in the Company to employees.  The options have an exercise price of 79.5 pence per share and can be exercised after three years until the tenth anniversary of grant.  None of these options were granted to directors, and they carry specific exercise conditions related to the future financial performance of relevant business segments.

In order to create sufficient capacity to grant these options within the current approved limit of 10% of issued share capital, Chief Financial Officer Melvyn Segal has elected to waive 50,000 share options granted to him on 26 June 2017 and which will be cancelled.

Following this announcement, there are now 1,582,000 unexercised share options currently in issue under active Company schemes, representing approximately 9.62% of the current issued share capital of the Company.

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 and Corporate Broking) Tel: [phone] Walbrook PR Tom Cooper/Nick Rome/Nicholas Johnson Tel: [phone] [e-mail]

Notes to Editors: Transense develops and supplies wireless sensor technology and systems. The company has three business areas: · SAW , patent protected Surface Acoustic Wave sensor technology that provides real time measurement of torque, temperature, pressure and strain, that is used to improve efficiency, performance and safety of propulsion systems and machinery; · Translogik , smart, connected commercial vehicle tyre inspection equipment, used by vehicle fleets to more easily gather and maintain accurate tyre safety and condition data; and · iTrack , a tyre pressure monitoring system for off-highway machinery, licensed exclusively to Bridgestone Corporation, the world's largest tyre producer, under a ten-year deal. Target market sectors include automotive, aerospace and industrial machinery. The Group's strategy is to leverage excellence in innovation, know-how in wireless sensor technologies and form industry partnerships in these global growth sectors to maximise shareholder value through sustained revenue growth from all three principal technologies - SAW, iTrack and Translogik. 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. 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	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	Ordinary Shares of 10 pence each
	Identification code	GB00BDHDTH21
b)	Nature of the transaction	Cancellations of options
c)	Price and volume	Price: n/a Volume: 50,000
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	22 February 2022
f)	Place of the transaction	Outside of a trading venue

 

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