REG - Transense Technlgy - Grant of share options to Director and employee

Transense TechnologiesAnnouncement

01/12/2023 07:00

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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 Broker)                   Tel: +44 (0)20 3328 5656

 Jeremy Porter / George Payne (Corporate Finance)

 Stefano Aquilino / Tony Quirke (Sales & Corporate Broking)
 Walbrook PR                                                      Tel: +44 (0)20 7933 8780

 Tom Cooper/Nick Rome/Joe Walker                                  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 /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  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(s) 10p

                                                                   Volume(s) 75,000
 d)   Aggregated information

      - Aggregated volume                                          As above

      - Price

 e)   Date of the transaction                                      1 December 2023

 f)   Place of the transaction                                     Outside a trading venue

 

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