Source - RNS
RNS Number : 2107J
Transense Technologies PLC
27 June 2017
 

27 June 2017

 

Transense Technologies PLC

("Transense" or the "Company")

Award of options

 

Transense Technologies plc (AIM: TRT),  announces that on 26 June 2017 it issued options over 470,000 ordinary shares of 50p each (the "Options") under the Transense 2017 Enterprise Management Incentive Option Scheme (the "Scheme") to Graham Storey, David Ford and Melvyn Segal, the Company's Executive Directors. At the same time options issued in December 2011 and August 2012 totalling 220,000 were waived by Graham Storey, David Ford and Melvyn Segal.

 

The Options provide the right to subscribe for 220,000 ordinary shares of 50 pence each ("Ordinary Shares") at an exercise price of £0.75 per Ordinary Share if the Company's share price reaches £1.50 expiring in June 2022 and the right to subscribe for 250,000 Ordinary Shares at an exercise price of £1.00 if the Company's share price reaches £2.00 expiring in June 2027.

 

The full details of the Options are set out below:

 

Executive Directors

Options Waived

New Options

Exercise Price

D Ford

70,000

70,000

£0.75

G Storey-Macintosh

120,000

120,000

£0.75

M Segal

30,000

30,000

£0.75

Total

220,000

220,000






Executive Directors

New Options

Exercise Price


D Ford

100,000

£1.00


G Storey-Macintosh

100,000

£1.00


M Segal

50,000

£1.00


Total

250,000







 

 

 

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 1869 238 380

finnCap

Ed Frisby, Giles Rolls (Corporate Finance)

Tony Quirke, Alice Lane (Corporate Broking)

 

Tel: +44 20 7220 0500

IFC Advisory

Tim Metcalfe, Graham Herring, Heather Armstrong

Tel: +44 20 3053 8671

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014

 

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

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

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Transense Technologies Plc

b)

LEI

n/a

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 50 pence

Identification code

GB00BDHDTH21

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Exercise Price(s)

Volume(s)

75p

70,000

100p

100,000

d)

Aggregated information:

·      Aggregated volume

·      Price

 

See above

e)

Date of the transaction

26 June 2017

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

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

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Transense Technologies Plc

b)

LEI

n/a

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 50 pence

Identification code

GB00BDHDTH21

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Exercise Price(s)

Volume(s)

75p

120,000

100p

100,000

d)

Aggregated information:

·      Aggregated volume

·      Price

 

See above

e)

Date of the transaction

26 June 2017

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

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

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Transense Technologies Plc

b)

LEI

n/a

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 50 pence

Identification code

GB00BDHDTH21

b)

Nature of the transaction

Grant of Options over Ordinary Shares

c)

Price(s) and volume(s)

Exercise Price(s)

Volume(s)

75p

30,000

100p

50,000

d)

Aggregated information:

·      Aggregated volume

·      Price

 

See above

e)

Date of the transaction

26 June 2017

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 


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