REG - Transense Technlgy - Grant of Options/PDMR Dealing

Transense TechnologiesAnnouncement

26/06/2020 07:00

RNS Number : 1498R
  
Transense Technologies PLC
  
26 June 2020
  
 

Transense Technologies plc
 
("Transense" or the "Company")
 
Grant of Options
 
PDMR Dealing
 
On 25 June 2020, Transense Technologies plc, the provider of specialist sensor systems, announced changes to the Group structure including the transfer of the iTrack business. Under these arrangements, a total of 1,278,000 options to acquire ordinary shares of 10 pence each ("Ordinary Shares") in Transense held by transferring employees have lapsed.
 
Transense announces that today (the "Grant Date"), a total of 1,003,000 options ("Options") over the Company's Ordinary Shares were granted to all employees including certain PDMRs.
 
The Options have an exercise price of 62 pence per Ordinary Share. The vesting period begins on the third anniversary of the Grant Date and lapses on the tenth anniversary of the Grant Date. The Options granted to PDMRs vest on the condition that the quoted price of Ordinary Shares exceeds £1.50 during the vesting period. The Options granted to all other employees are based on tailored business performance criteria.
 



Name


Options granted


Exisiting options


Total options now held




Nigel Rogers (Executive Chairman)


400,000


0


400,000




Melvyn Segal (CFO)


200,000


250,000


450,000



 
The aggregate effect of all current share options awarded amounts to maximum dilution of 8.25% of the ordinary share capital.
 
For further information please visit www.transense.co.uk or contact:
 



Transense Technologies plc
Nigel Rogers, Executive Chairman
Melvyn Segal, Chief Financial Officer


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



 
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 torque, temperature and pressure sensing markets via its SAWSense division. The continuing business within its Translogik division offers a range of tyre testing equipment aimed at fleet managers and tyre service providers. Further details are available at www.transense.com.
 
Transense's shares are admitted to trading on AIM (AIM: TRT).
 
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 
 
 


Nigel Rogers




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


PDMR - Executive 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 
 
 


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 


Grant of Options over Ordinary Shares of 10 pence each














Identification code 


GB00BDHDTH21














b) 
 


Nature of the transaction 
 
 


Grant of Options




c)


Price and volume


Exercise Price of Options: 62 pence per share
 
Volume: 400,000 options
 




d) 
 


Aggregated information 


















- Aggregated volume


As above














- Price


















e) 
 


Date of the transaction 
 
 


26 June 2020




f) 
 


Place of the transaction 
 
 


London Stock Exchange, AIM



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 
 


Melvyn Segal




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 
 


PDMR - CFO




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 


Grant of Options over Ordinary Shares of 10 pence each














Identification code 


GB00BDHDTH21














b) 
 


Nature of the transaction 
 
 


Grant of Options




c)


Price and volume


Exercise Price of Options: 62 pence per share
 
Volume: 200,000 options
 




d) 
 


Aggregated information 


















- Aggregated volume


As above














- Price


















e) 
 


Date of the transaction 
 
 


26 June 2020




f) 
 


Place of the transaction 
 
 


London Stock Exchange, AIM



 


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