REG - Transense Technlgy - Award of options <Origin Href="QuoteRef">TRT.L</Origin>

Transense TechnologiesAnnouncement

27/06/2017 07:07

RNS Number : 2107J
Transense Technologies PLC
27 June 2017
27 June 2017
Transense Technologies PLC
("Transense" or the "Company")
Award of options
Transense Technologies plc (AIM: TRT), announces that on26 June 2017it issued options over 470,000 ordinary shares of 50p each (the "Options") under the Transense 2017 Enterprise Management Incentive Option Scheme (the "Scheme") toGraham Storey, David Ford and Melvyn Segal, the Company's Executive Directors. At the same time options issued in December 2011 and August 2012 totalling 220,000 were waived by Graham Storey, David Ford and Melvyn Segal.
The Options provide the right to subscribe for 220,000 ordinary shares of 50 pence each ("Ordinary Shares") at an exercise price of0.75per Ordinary Share if the Company's share price reaches1.50 expiring inJune 2022 and the right to subscribe for 250,000 Ordinary Shares at an exercise price of 1.00 if the Company's share price reaches 2.00 expiring in June 2027.
The full details of the Options are set out below:
Executive Directors
Options Waived
New Options
Exercise Price
D Ford
70,000
70,000
0.75 
G Storey-Macintosh
120,000
120,000
0.75 
M Segal
30,000
30,000
0.75 
Total
220,000
220,000





Executive Directors
New Options
Exercise Price

D Ford
100,000
1.00 

G Storey-Macintosh
100,000
1.00 

M Segal
50,000
1.00 

Total
250,000






The Remuneration Committee resolved to grant these Options on the terms set out above. The exercise price was determined by the Remuneration Committee.
For further information please visit www.transense.co.uk or contact:
Transense Technologies plc
Graham Storey, Chief Executive
Tel: +44 1869 238 380
finnCap
Ed Frisby, Giles Rolls (Corporate Finance)
Tony Quirke, Alice Lane (Corporate Broking)
Tel: +44 20 7220 0500
IFC Advisory
Tim Metcalfe, Graham Herring, Heather Armstrong
Tel: +44 20 3053 8671
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014
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
David Ford
2. 
Reason for the Notification
a)
Position/status
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
n/a
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 50 pence
Identification code
GB00BDHDTH21
b)
Nature of the transaction
Grant of Options over Ordinary Shares
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
75p
70,000
100p
100,000
d)
Aggregated information:
 Aggregated volume
 Price
See above
e)
Date of the transaction
26 June 2017
f)
Place of the transaction
London Stock Exchange, AIM (XLON)
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
Graham Storey Macintosh
2. 
Reason for the Notification
a)
Position/status
CEO
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
n/a
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 50 pence
Identification code
GB00BDHDTH21
b)
Nature of the transaction
Grant of Options over Ordinary Shares
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
75p
120,000
100p
100,000
d)
Aggregated information:
 Aggregated volume
 Price
See above
e)
Date of the transaction
26 June 2017
f)
Place of the transaction
London Stock Exchange, AIM (XLON)
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
FD
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
n/a
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 50 pence
Identification code
GB00BDHDTH21
b)
Nature of the transaction
Grant of Options over Ordinary Shares
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
75p
30,000
100p
50,000
d)
Aggregated information:
 Aggregated volume
 Price
See above
e)
Date of the transaction
26 June 2017
f)
Place of the transaction
London Stock Exchange, AIM (XLON)

This information is provided by RNS
The company news service from the London Stock Exchange
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