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TRANSENSE TECHNOLOGIES PLC — AGM Information 2019
Apr 1, 2019
7985_dva_2019-04-01_d6ba5284-6b21-4205-8921-d9ec8b328ba6.html
AGM Information
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RNS Number : 7187U
Transense Technologies PLC
01 April 2019
Transense Technologies plc
("Transense" or the "Company")
Result of General Meeting
Transense Technologies plc, the provider of sensor systems for the industrial, mining and transportation markets, is pleased to announce that at the Company's General Meeting held earlier today, all resolutions put to shareholders were duly passed.
It is expected that Third Admission and Fourth Admission will become effective at 8.00 a.m. on 2 April 2019. On admission of the 950,049 Third Tranche Shares and 656,666 Fourth Tranche Shares, the Company will have 16,040,616 Ordinary Shares in issue and no shares held in treasury.
It is expected that Fifth Admission will become effective at 8.00 a.m. on 10 April 2019. On admission of the 266,666 Fifth Tranche Shares, the Company will have 16,307,282 Ordinary Shares in issue and no shares held in treasury.
Shareholders may use these figures 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.
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Company's announcement made in regards to the Placing and General Meeting at 3:35 p.m. on 13 March 2019.
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, Kate Bannatyne (Corporate Finance) Tim Redfern, Manasa Patil (ECM) |
Tel: +44 (0) 20 7220 0500 |
| IFC Advisory Tim Metcalfe, Graham Herring, Heather Armstrong |
Tel: +44 (0) 20 3934 6630 |
About iTrack II
The iTrack II Mining system provides real-time data on the condition of the tyres, combined with live tracking of vehicle location and status. Our 24/7 Control Room monitors the pressures and temperatures live, and this information can, for example, be used to ensure tyres do not exceed critical heat thresholds, to detect incorrect load distributions, predict suspension failures and eliminate manual tyre pressure checks. The Directors believe that these benefits maximise the hours a truck is working (Truck Uptime) and improve productivity by minimising maintenance requirements and using data to identify underperforming trucks.
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.
Transense's shares are admitted to trading on AIM (AIM: TRT).
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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