REG - Transense Technlgy - Transaction in own shares & TVR

Transense TechnologiesAnnouncement

24/05/2022 07:15

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RNS Number : 5710M  Transense Technologies PLC  24 May 2022

 

Transense Technologies plc

("Transense", the "Group" or "the Company")

 

Transaction in own shares

Total Voting Rights

 

Transense Technologies plc (AIM: TRT), the developer of specialist sensor
systems, announces that further to the announcement on 22 February 2022, the
Company has purchased 203,000 of its own ordinary shares of 10p each
("Ordinary Shares") at a price of 67.5 pence per share. These shares will be
held in treasury for the time being to satisfy share option awards in the
future.

Following this transaction, the total number of Ordinary Shares held as
treasury shares by the Company is 368,000. The total number of Ordinary Shares
in issue (including shares held as treasury shares) is 16,437,740. Therefore,
the total number of voting rights in the Company is 16,069,740 which may be
used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in the Company under the FCA's Disclosure Guidance and
Transparency Rules.

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018, the information below contains information about the purchases made
by Shard Capital Stockbrokers on behalf of the Company as part of the buyback
programme.

 

Aggregate information:

 Shares purchased:                               Transense Technologies plc (ISIN CODE: GB00BDHDTH21)
 Date of purchases:                              23 May 2022
 Investment firm                                 Shard Capital Stockbrokers
 Venue                                           London Stock Exchange
 Number of ordinary shares purchased             203,000
 Volume-weighted average price, pence            67.5
 Highest price paid (per ordinary share), pence  67.5
 Lowest price paid (per ordinary share), pence   67.5

 

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                               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)

 

Schedule of Purchases - Individual Transactions

 

 Number of Shares  Price Per Share (pence)  Trading Venue          Date of Transaction  Time of transaction
 168,000           67.5                     London Stock Exchange  23 May 2022          16:03:48
 35,000            67.5                     London Stock Exchange  23 May 2022          16:03:52

 

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