REG - Transense Technlgy - Awards of Options

Transense TechnologiesAnnouncement

13/08/2019 14:45

RNS Number : 9020I
Transense Technologies PLC
13 August 2019
 


Transense Technologies plc
("Transense" or the "Company")
 
Award of Options
Transense Technologies plc, the provider of sensor systems for the industrial, mining and transportation markets, announces that it has today issued options over 780,000 ordinary shares (the "Options"), under the Transense 2019 Enterprise Management Incentive Option Scheme (the "Scheme"), to Graham Storey, David Ford and Melvyn Segal, the Company's Executive Directors.
The Options provide the right to subscribe for 780,000 ordinary shares of 10 pence each ("Ordinary Shares") at an exercise price of £0.75 per Ordinary Share subject to the Company's share price reaching £2.00 and first vesting two years after grant. The Options are granted for a maximum period of 10 years and will expire 13 August 2029.
Details of the Options award is set out below:



Executive Directors


New Options


Exercise Price


 




D Ford


330,000


£0.75


 




G Storey-Macintosh


280,000


£0.75


 




M Segal


170,000


£0.75


 




Total


780,000






 





























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 (0) 1869 238380
 




finnCap
Ed Frisby, Giles Rolls, Matthew Radley (Corporate Finance)
Tim Redfern, Tim Harper (ECM)
 


Tel: +44 (0) 20 7220 0500
 




IFC Advisory
Tim Metcalfe, Graham Herring, Heather Armstrong
 


Tel: +44 (0) 20 3934 6630
 



 
About Transense Technologies
Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems and supporting technology for use in a variety of diverse high growth markets. The Directors believe that Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer advantages over legacy wireless sensor systems. Transense is targeting the transport and mining industries, and the global torque, temperature and pressure sensing markets, via its trading divisions, Translogik and SAWSense. www.transense.co.uk
Transense's shares are admitted to trading on AIM (AIM: TRT).
 



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 notification




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


Purchase of Ordinary Shares




c)


Price(s) and volume(s)





Exercise Price(s)


Volume(s)




75p


330,000








d)


Aggregated information:
·    Aggregated volume
·    Price


 
See 4c) above




e)


Date of the transaction


13 August 2019




f)


Place of the transaction


London Stock Exchange, AIM Market (XLON)



 
 



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 notification




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


Purchase of Ordinary Shares




c)


Price(s) and volume(s)





Exercise Price(s)


Volume(s)




75p


280,000








d)


Aggregated information:
·    Aggregated volume
·    Price


 
See 4c) above




e)


Date of the transaction


13 August 2019




f)


Place of the transaction


London Stock Exchange, AIM Market (XLON)



 
 



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 notification




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


Purchase of Ordinary Shares




c)


Price(s) and volume(s)





Exercise Price(s)


Volume(s)




75p


170,000








d)


Aggregated information:
·    Aggregated volume
·    Price


 
See 4c) above




e)


Date of the transaction


13 August 2019




f)


Place of the transaction


London Stock Exchange, AIM Market (XLON)



 




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