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Regulatory Story
Company Transense Technologies PLC
TIDM TRT
Headline Awards of Options
Released 14:45 13-Aug-2019
Number 9020I14

RNS Number : 9020I
Transense Technologies PLC
13 August 2019
 

Transense Technologies plc

("Transense" or the "Company")

 

Award of Options

Transense Technologies plc, the provider of sensor systems for the industrial, mining and transportation markets, announces that it has today issued options over 780,000 ordinary shares (the "Options"), under the Transense 2019 Enterprise Management Incentive Option Scheme (the "Scheme"), to Graham Storey, David Ford and Melvyn Segal, the Company's Executive Directors.

The Options provide the right to subscribe for 780,000 ordinary shares of 10 pence each ("Ordinary Shares") at an exercise price of £0.75 per Ordinary Share subject to the Company's share price reaching £2.00 and first vesting two years after grant. The Options are granted for a maximum period of 10 years and will expire 13 August 2029.

Details of the Options award is set out below:

Executive Directors

New Options

Exercise Price

 

D Ford

330,000

£0.75

 

G Storey-Macintosh

280,000

£0.75

 

M Segal

170,000

£0.75

 

Total

780,000


 





The Remuneration Committee resolved to grant these Options on the terms set out above. The exercise price was determined by the Remuneration Committee.

 

For further information please visit www.transense.co.uk or contact:

 

Transense Technologies plc

Graham Storey, Chief Executive

 

Tel: +44 (0) 1869 238380

 

finnCap

Ed Frisby, Giles Rolls, Matthew Radley (Corporate Finance)

Tim Redfern, Tim Harper (ECM)

 

Tel: +44 (0) 20 7220 0500

 

IFC Advisory

Tim Metcalfe, Graham Herring, Heather Armstrong

 

Tel: +44 (0) 20 3934 6630

 

 

About Transense Technologies

Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems and supporting technology for use in a variety of diverse high growth markets. The Directors believe that Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer advantages over legacy wireless sensor systems. Transense is targeting the transport and mining industries, and the global torque, temperature and pressure sensing markets, via its trading divisions, Translogik and SAWSense. www.transense.co.uk

Transense's shares are admitted to trading on AIM (AIM: TRT).

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Ford

2.

Reason for the Notification

a)

Position/status

Chairman

b)

Initial notification/Amendment

Initial notification

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

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Exercise Price(s)

Volume(s)

75p

330,000

d)

Aggregated information:

·    Aggregated volume

·    Price

 

See 4c) above

e)

Date of the transaction

13 August 2019

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Graham Storey-Macintosh

2.

Reason for the Notification

a)

Position/status

CEO

b)

Initial notification/Amendment

Initial notification

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

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Exercise Price(s)

Volume(s)

75p

280,000

d)

Aggregated information:

·    Aggregated volume

·    Price

 

See 4c) above

e)

Date of the transaction

13 August 2019

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Melvyn Segal

2.

Reason for the Notification

a)

Position/status

FD

b)

Initial notification/Amendment

Initial notification

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

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Exercise Price(s)

Volume(s)

75p

170,000

d)

Aggregated information:

·    Aggregated volume

·    Price

 

See 4c) above

e)

Date of the transaction

13 August 2019

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 


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