REG - Transense Technlgy - Transaction in Own Shares & TVR

Transense TechnologiesAnnouncement

29/08/2023 08:45

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RNS Number : 6496K  Transense Technologies PLC  29 August 2023

Transense Technologies plc

("Transense" or "the Company")

 

Transaction in own shares

Change to Total Voting Rights

Transense Technologies plc, the provider of specialist sensor systems,
announces that the Company has purchased 40,000 of its own ordinary shares of
10p each ("Ordinary Shares") at a price of 97.625 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 935,356. 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 15,502,384 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:                              25 August 2023
 Investment firm                                 Shard Capital Stockbrokers
 Venue                                           London Stock Exchange
 Number of ordinary shares purchased             40,000
 Volume-weighted average price, pence            97.625
 Highest price paid (per ordinary share), pence  97.625
 Lowest price paid (per ordinary share), pence   97.625

 

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/Jos Pinnington (Sales and Corporate Broking)
 Walbrook PR                                                Tel: +44 (0)20 7933 8780

 Tom Cooper/Nick Rome / Joseph Walker                       Transense@walbrookpr.com

 

 

Notes to Editors:

 

Transense is headquartered in Oxfordshire, UK and its shares are traded on
AIM, a market operated by the London Stock Exchange (AIM: TRT). The Company
develops and supplies advanced sensor technology and measurement solutions
used by some of the world's leading companies to improve performance,
efficiency and safety in demanding, mission critical applications.  Transense
currently operates through two active business segments:

 

·    SAWsense - designs, supplies and licences advanced sensor solutions
based on proven, patent protected Surface Acoustic Wave (SAW) technology to
world leading companies in aerospace, electric motors and drives, industrial
machinery (including robotics) and motor sport. Key customers include GE
Aerospace, Parker Meggitt, McLaren Applied and several other confidential Tier
One automotive and aerospace suppliers.

 

·    Translogik - develops smart, connected commercial vehicle tyre
inspection equipment to many of the world's leading tyre suppliers, fleet
operators and service centres, that accurately measure and digitally capture
safety-critical tyre condition data, used to reduce operating costs, improve
safety and provide audit records for regulatory compliance. Key customers
include Bridgestone, Goodyear, Continental and Prometeon (Pirelli), and
leading independent providers of vehicle fleet maintenance management
software.

 

Transense earns residual royalty income from iTrack - a tyre monitoring system
for off-highway vehicles that was designed, developed and supplied by
Translogik and sold under subscription to leading global mining companies. The
associated sales, support and development infrastructure were sold to
Bridgestone Corporation Japan, the world's largest tyre producer, in June
2020, and the intellectual property was licenced exclusively to Bridgestone
under a ten-year deal expiring in 2030.

 

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
 40,000            97.625                   London Stock Exchange  25 August 2023       16:43:56

 

 

 

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