Transense Technologies PLC Re: Open Offer (1754T)
July 16 2015 - 2:00AM
UK Regulatory
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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