13th Aug 2019 14:45
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) |
| ||||
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) |
| ||||
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) |
| ||||
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) | ||||
Related Shares:
Transense