TRANSENSE TECHNOLOGIES PLC — Remuneration Information 2019

Aug 13, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

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)

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 rns@lseg.com or visit www.rns.com.

END

DSHXXLFFKVFXBBX