TIDMTRT

RNS Number : 1754T

Transense Technologies PLC

16 July 2015

16 July 2015

NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN

Transense Technologies plc

("Transense" or the "Company")

Re: Open Offer

Transense Technologies plc (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, has had a number of enquiries regarding the Open Offer from Shareholders who hold their shares in nominee accounts. The Open Offer was announced on 29 June 2015 alongside the recently completed Placing with new institutional and other investors, and provides all existing Eligible Shareholders with the opportunity to subscribe for New Ordinary Shares in the Company at the same issue price offered to the institutions.

Shareholders should note that:

-- Certain nominee account administrators will contact the Shareholder directly to advise that there is an Open Offer and to seek instruction on participating in the Open Offer and voting at the General Meeting.

-- Certain other nominee account administrators do not contact the Shareholder and therefore the Shareholder must contact the nominee account holder and provide instructions regarding participating in the Open Offer and voting at the General Meeting. If you do not contact them they will take no action.

-- If a Shareholder holds his/her shares in a nominee account, wishes to participate in the Open Offer and has not already been contacted by the nominee then the Board of Transense would suggest that he/she immediately contacts the nominee directly with their instructions.

Shareholders are reminded of the expected timetable below and suggest that all those Eligible Shareholders who wish to participate in the Open Offer should take action immediately.

 
 Record Date for participation           6.00 p.m. on 
  in the Offer                                26 June 
 Announcement of the Placing and              29 June 
  the Offer 
 Date of publication of the Circular          30 June 
  and Application Form; and Offer 
  opens 
 Last date and time for receipt         12.00 p.m. on 
  of Forms of Proxy                           23 July 
 Last date and time for receipt         12.00 p.m. on 
  of Application Forms                        24 July 
 General Meeting                        12.00 p.m. on 
                                              27 July 
 Admission and commencement of           8.00 a.m. on 
  dealings in Placing Shares on               28 July 
  AIM 
 CREST accounts credited with Placing    8.00 a.m. on 
  Shares in uncertificated form               28 July 
 Admission and commencement of           8.00 a.m. on 
  dealings in Offer Shares on AIM            7 August 
 CREST accounts credited with Offer      8.00 a.m. on 
  Shares in uncertificated form              7 August 
 Definitive share certificates          No later than 
  in respect of Placing Shares in           10 August 
  certificated 
  form despatched 
 Definitive share certificates          No later than 
  in respect of Offer Shares in             10 August 
  certificated form despatched 
 

Defined terms used in this announcement have the same meanings as those used in the Circular published on 30 June 2015.

For further information, please contact:

 
Transense Technologies plc                    Tel: +44 1869 238 380 
Graham Storey, Chief Executive 
 
finnCap                                       Tel: +44 20 7220 0500 
 Ed Frisby, Giles Rolls (corporate finance) 
 Tony Quirke, Alice Lane (corporate broking) 
IFC Advisory                                  Tel: +44 20 3053 8671 
Tim Metcalfe, Graham Herring 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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