Transense Technologies PLC Grant of share options to employees (3478C)
22 Febbraio 2022 - 8:02AM
UK Regulatory
TIDMTRT
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 Tel: +44 (0)20 3328 5656
and Broker)
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
.
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 Initial
/Amendment
---------------------------- ----------------------------------
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 Ordinary Shares of 10 pence each
financial instrument,
type of instrument
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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