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Award of Options

3rd Aug 2012 09:46

RNS Number : 2513J
Transense Technologies PLC
03 August 2012
 



Transense Technologies PLC

 

3 August 2012

 

Award of options

 

Transense Technologies plc (the "Company" or "Transense") announces that on 2 August 2012 it issued options over 1,500,000 ordinary shares of 1p each (the "Options") under the Transense 2011 Enterprise Management Incentive Option Scheme (the "Scheme") to Melvyn Segal, the Company's Finance Director.

 

The Options provide the right to subscribe for Ordinary Shares at an exercise price of £0.1025 per ordinary share if the Company's share price reaches £0.20 and expire on 2 August 2022

 

Further to the announcement of Melvyn Segal's appointment on 11 June 2012 and following the issue of the Options, Melvyn Segal is interested in 1,144,444 Ordinary Shares representing an interest of 0.58 per cent of the total voting rights of the Company. In addition, Melvyn Segal is interested in 2,125,000 options over ordinary shares as follows:

 

Options Held Option Exercise Price Expiry Date

625,000 £0.10 2 February 2014

1,500,000 £0.1025 2August 2022

 

The Remuneration Committee has resolved to grant these options on the terms set out above. The Exercise Price was determined by reference to the closing price on the date that Mr Segal joined the Board.

 

For more information, please contact:

 

Transense Technologies plc

Tel: +44 (0) 1869 238 380

Graham Storey, Chief Executive

 

N+1 Brewin - Nominated AdviserAubrey Powell, Robert Beenstock

 

Tel: +44 (0)20 3201 3710

Hybridan LLP - Broker

Tel: +44 (0) 20 7947 4350

Claire Noyce, Deepak Reddy

 

Newgate Threadneedle

Tel: +44 (0) 20 7653 9850

Caroline Evans-Jones, Robyn McConnachie

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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