Transense Technologies PLC Grant of share options to Director and employee (3089V)
01 Dezember 2023 - 8:00AM
UK Regulatory
TIDMTRT
RNS Number : 3089V
Transense Technologies PLC
01 December 2023
1 December 2023
Transense Technologies plc
("Transense", or the "Company")
Grant of share options to Director and employee
Transense Technologies plc, the provider of specialist sensing
solutions and measurement systems, announces that it has today
granted 125,000 options to acquire ordinary shares of 10 pence each
in the Company ("Ordinary Shares") to an employee and a Director
(the "Options").
In accordance with the Company's share scheme, the Options have
an exercise price of 10 pence per Ordinary Share, being nominal
value of an Ordinary Share and can be exercised after three years
until the tenth anniversary of the grant. Two thirds of the Options
are only exercisable if the Company's share price exceeds 150 pence
per Ordinary Share for ten consecutive trading days at any time.
The remaining one third of the Options are only exercisable in full
if the share price exceeds 200 pence per Ordinary Share for ten
consecutive trading days at any time, with none of this tranche
being exercisable if the share price has not exceeded 150 pence per
share for ten consecutive trading days and a pro--rata amount will
be exercisable between these two share price targets.
Following these grants there are 1,567,500 unexercised share
options over Ordinary Share in issue, representing approximately
9.54% of the current issued share capital of the Company.
Included in the above grant of options are 75,000 options
granted to Ryan Maughan, a Director of the Company, taking his
total unexercised share options to 225,000.
Further details are provided in the forms below in accordance
with the requirements of the UK Market Abuse Regulation.
For further information please visit www.transense.com or
contact:
Transense Technologies plc Via Walbrook PR
Nigel Rogers (Executive Chairman)
Melvyn Segal (CFO)
Allenby Capital (Nominated Adviser and Tel: +44 (0)20 3328
Broker) 5656
Jeremy Porter / George Payne (Corporate
Finance)
Stefano Aquilino / Tony Quirke (Sales &
Corporate Broking)
Walbrook PR Tel: +44 (0)20 7933
Tom Cooper/Nick Rome/Joe Walker 8780
Transense@walbrookpr.com
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 aerospace, automotive (high
performance and off-road) and complex machine control.
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
transense@walbrookpr.com.
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 Ryan Maughan
------------------------ -----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Business Development Director
------------------------ -----------------------------------------
b) Initial notification Initial
/Amendment
------------------------ -----------------------------------------
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 Options over Ordinary shares of 10 pence
of the financial each
instrument,
type of instrument
Identification GB00BDHDTH21
code
b) Nature of the Grant of options
transaction
------------------------ -----------------------------------------
c) Price and volume Exercise Price(s) 10p
Volume(s) 75,000
------------------------ -----------------------------------------
d) Aggregated information
- Aggregated As above
volume
- Price
e) Date of the 1 December 2023
transaction
------------------------ -----------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------ -----------------------------------------
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END
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