Transense Technologies PLC Transaction in Own Shares & TVR (6496K)
August 29 2023 - 3:30AM
UK Regulatory
TIDMTRT
RNS Number : 6496K
Transense Technologies PLC
29 August 2023
Transense Technologies plc
("Transense" or "the Company")
Transaction in own shares
Change to Total Voting Rights
Transense Technologies plc, the provider of specialist sensor
systems, announces that the Company has purchased 40,000 of its own
ordinary shares of 10p each ("Ordinary Shares") at a price of
97.625 pence per share. These shares will be held in treasury for
the time being to satisfy share option awards in the future.
Following this transaction, the total number of Ordinary Shares
held as treasury shares by the Company is 935,356. The total number
of Ordinary Shares in issue (including shares held as treasury
shares) is 16,437,740. Therefore, the total number of voting rights
in the Company is 15,502,384 which may be used by shareholders 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.
In accordance with Article 5(1)(b) of the UK version of
Regulation (EU) No. 596/2014 which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018, the information below
contains information about the purchases made by Shard Capital
Stockbrokers on behalf of the Company as part of the buyback
programme.
Aggregate information:
Shares purchased: Transense Technologies plc (ISIN CODE:
GB00BDHDTH21)
Date of purchases: 25 August 2023
---------------------------------------
Investment firm Shard Capital Stockbrokers
---------------------------------------
Venue London Stock Exchange
---------------------------------------
Number of ordinary shares
purchased 40,000
---------------------------------------
Volume-weighted average
price, pence 97.625
---------------------------------------
Highest price paid (per
ordinary share), pence 97.625
---------------------------------------
Lowest price paid (per
ordinary share), pence 97.625
---------------------------------------
For further information please visit www.transense.com or
contact:
Transense Technologies plc Via Walbrook PR
Nigel Rogers (Executive Chairman)
Melvyn Segal (CFO)
Allenby Capital (Nominated Adviser and Tel: +44 (0)20 3328
Broker) 5656
Jeremy Porter/George Payne (Corporate Finance)
Tony Quirke/Jos Pinnington (Sales and Corporate
Broking)
Walbrook PR Tel: +44 (0)20 7933
Tom Cooper/Nick Rome / Joseph Walker 8780
Transense@walbrookpr.com
Notes to Editors:
Transense is headquartered in Oxfordshire, UK and its shares are
traded on AIM, a market operated by the London Stock Exchange (AIM:
TRT). The Company develops and supplies advanced sensor technology
and measurement solutions used by some of the world's leading
companies to improve performance, efficiency and safety in
demanding, mission critical applications. Transense currently
operates through two active business segments:
-- SAWsense - designs, supplies and licences advanced sensor
solutions based on proven, patent protected Surface Acoustic Wave
(SAW) technology to world leading companies in aerospace, electric
motors and drives, industrial machinery (including robotics) and
motor sport. Key customers include GE Aerospace, Parker Meggitt,
McLaren Applied and several other confidential Tier One automotive
and aerospace suppliers.
-- Translogik - develops smart, connected commercial vehicle
tyre inspection equipment to many of the world's leading tyre
suppliers, fleet operators and service centres, that accurately
measure and digitally capture safety-critical tyre condition data,
used to reduce operating costs, improve safety and provide audit
records for regulatory compliance. Key customers include
Bridgestone, Goodyear, Continental and Prometeon (Pirelli), and
leading independent providers of vehicle fleet maintenance
management software.
Transense earns residual royalty income from iTrack - a tyre
monitoring system for off-highway vehicles that was designed,
developed and supplied by Translogik and sold under subscription to
leading global mining companies. The associated sales, support and
development infrastructure were sold to Bridgestone Corporation
Japan, the world's largest tyre producer, in June 2020, and the
intellectual property was licenced exclusively to Bridgestone under
a ten-year deal expiring in 2030.
For further information please contact
transense@walbrookpr.com
Schedule of Purchases - Individual Transactions
Number of Price Per Trading Venue Date of Transaction Time of transaction
Shares Share (pence)
London Stock 25 August
40,000 97.625 Exchange 2023 16:43:56
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