Transaction in own shares & TVR

RNS Number : 9960M

Transense Technologies PLC

27 May 2022

 

Transense Technologies plc

("Transense", or "the Company")

Transaction in own shares

Total Voting Rights

Transense Technologies plc (AIM: TRT), the developer of specialist sensor systems, announces that further to the announcement on 22 February 2022, the Company has purchased 66,000 of its own ordinary shares of 10p each ("Ordinary Shares") at a price of 67.7 pence per share. These shares will be held in treasury for the time being to satisfy share option awards in the future.

Following this purchase, the Company has reached the £300,000 maximum aggregate purchase price of the programme, as announced on 22 February 2022. The Board will consider a further market purchases programme later in the year if appropriate and dependent upon Company circumstances.

Following this transaction, the total number of Ordinary Shares held as treasury shares by the Company is 434,000. The total number of Ordinary Shares in issue (including shares held as treasury shares) is 16,437,740. Therefore, the total number of voting rights in the Company is 16,003,740 which may  be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.  

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, the information below contains information about the purchases made by Shard Capital Stockbrokers on behalf of the Company as part of the buyback programme.

Aggregate information:

Shares purchased:	Transense Technologies plc (ISIN CODE: GB00BDHDTH21)
Date of purchases:	26 May 2022
Investment firm	Shard Capital Stockbrokers
Venue	London Stock Exchange
Number of ordinary shares purchased	66,000
Volume-weighted average price, pence	67.7
Highest price paid (per ordinary share), pence	67.7
Lowest price paid (per ordinary share), pence	67.7

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 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]

Schedule of Purchases - Individual Transactions

Number of Shares	Price Per Share (pence)	Trading Venue	Date of Transaction	Time of transaction
66,000	67.7	London Stock Exchange	26 May 2022	13:28

 

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