REG - Transense Technlgy - Grant of share options to employees

Transense TechnologiesAnnouncement

22/02/2022 07:15

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RNS Number : 3478C  Transense Technologies PLC  22 February 2022

 

Transense Technologies plc

("Transense" or "the Company")

 

Grant of share options to employees

Transense Technologies plc (AIM: TRT), the developer of specialist sensor
systems, announces that it has today granted 93,000 options to acquire
ordinary shares in the Company to employees.  The options have an exercise
price of 79.5 pence per share and can be exercised after three years until the
tenth anniversary of grant.  None of these options were granted to directors,
and they carry specific exercise conditions related to the future financial
performance of relevant business segments.

In order to create sufficient capacity to grant these options within the
current approved limit of 10% of issued share capital, Chief Financial Officer
Melvyn Segal has elected to waive 50,000 share options granted to him on 26
June 2017 and which will be cancelled.

Following this announcement, there are now 1,582,000 unexercised share options
currently in issue under active Company schemes, representing approximately
9.62% of the current issued share capital of the Company.

 

 

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)

 Tony Quirke (Sales and Corporate Broking)
 Walbrook PR                                        Tel: +44 (0)20 7933 8780

 Tom Cooper/Nick Rome/Nicholas Johnson              Transense@walbrookpr.com

 
 Notes to Editors:

 Transense develops and supplies wireless sensor technology and systems. The
 company has three business areas:

 ·    SAW, patent protected Surface Acoustic Wave sensor technology that
 provides real time measurement of torque, temperature, pressure and strain,
 that is used to improve efficiency, performance and safety of propulsion
 systems and machinery;

 ·    Translogik, smart, connected commercial vehicle tyre inspection
 equipment, used by vehicle fleets to more easily gather and maintain accurate
 tyre safety and condition data; and

 ·    iTrack, a tyre pressure monitoring system for off-highway machinery,
 licensed exclusively to Bridgestone Corporation, the world's largest tyre
 producer, under a ten-year deal.

 Target market sectors include automotive, aerospace and industrial machinery.
 The Group's strategy is to leverage excellence in innovation, know-how in
 wireless sensor technologies and form industry partnerships in these global
 growth sectors to maximise shareholder value through sustained revenue growth
 from all three principal technologies - SAW, iTrack and Translogik.

 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.

 For further information please contact transense@walbrookpr.com
 (mailto:transense@walbrookpr.com) .

 

 

Notes to Editors:

Transense develops and supplies wireless sensor technology and systems. The
company has three business areas:

·    SAW, patent protected Surface Acoustic Wave sensor technology that
provides real time measurement of torque, temperature, pressure and strain,
that is used to improve efficiency, performance and safety of propulsion
systems and machinery;

·    Translogik, smart, connected commercial vehicle tyre inspection
equipment, used by vehicle fleets to more easily gather and maintain accurate
tyre safety and condition data; and

·    iTrack, a tyre pressure monitoring system for off-highway machinery,
licensed exclusively to Bridgestone Corporation, the world's largest tyre
producer, under a ten-year deal.

Target market sectors include automotive, aerospace and industrial machinery.
The Group's strategy is to leverage excellence in innovation, know-how in
wireless sensor technologies and form industry partnerships in these global
growth sectors to maximise shareholder value through sustained revenue growth
from all three principal technologies - SAW, iTrack and Translogik.

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.

 

For further information please contact transense@walbrookpr.com
(mailto: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                                                         Melvyn Segal

 2    Reason for the notification

 a)   Position/status                                              Chief Financial Officer

 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  Ordinary Shares of 10 pence each

      Identification code                                          GB00BDHDTH21

 b)   Nature of the transaction                                    Cancellations of options

 c)   Price and volume                                             Price: n/a

                                                                   Volume: 50,000
 d)   Aggregated information

      - Aggregated volume                                          As above

      - Price

 e)   Date of the transaction                                      22 February 2022

 f)   Place of the transaction                                     Outside of a trading venue

 

 

 

 

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