General Meeting update

Transense Technologies PLC 12 November 2007 Transense Technologies Plc ('Transense' or the 'Company') Update on General Meeting to be held on 16 November 2007 to, inter alia, approve the acquisition of Bishop Technologies Group Limited ('Bishop') The Board of Transense would like to remind shareholders to return their proxy cards in relation to the special resolution to be proposed at the General Meeting of the Company to, inter alia, approve the acquisition of Bishop (the 'Resolution') details of which were set out in the circular to shareholders dated 22 October 2007. The Board is unanimously recommending that shareholders vote in favour of the Resolution, as each Director has irrevocably undertaken to do in respect of his entire beneficial shareholding. The Board would like to make shareholders aware that, at the end of last week, they met with a group of private investors in the Company, who claim to speak for a minority group of shareholders with sufficient votes to enable them to prevent the Resolution from being passed. The Board cannot at this stage be certain that this will in fact occur, and the Board is endeavouring to continue its dialogue with this group. In the event that the Resolution is not passed by shareholders, the Company would need to undertake a fund-raising in the near term (to pay for the abort costs on the Bishop transaction and to fund the Company's working capital requirements). Given market conditions and the position of the Company at this time, there is no certainty that any fund-raising would be successful although the minority group of shareholders which has approached the Company has indicated that certain of them may be willing to participate in such a fund-raising. If an equity fund-raising is implemented, it may well result in existing shareholders being diluted. The Board believes that the acquisition of Bishop and its management team, the strengthening of the Company's balance sheet from the associated fund-raising and the synergy benefits of combining Bishop and Transense will generate increases in shareholder value and the board urges shareholders to vote in favour of the Resolution. The Board therefore reiterates its advice to shareholders that it is in their best interest to vote in favour of the Resolution to be proposed at the General Meeting to be held at 11.00am on 16 November 2007 at the offices of Travers Smith, 10 Snow Hill, London EC1A 2AL. The Board urges shareholders to send in their proxy cards to the Company's registrars, Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU by no later than 11.00am on 14 November 2007, or to attend the meeting in person if they are not able to return their proxy card in time or if they wish to change any vote that they might have already submitted by proxy card. Enquiries: Transense Technologies Plc 01869 238 380 Jim Perry / Peter Woods Noble & Company Limited 020 7763 2200 John Llewellyn-Lloyd / Graeme Bayley This information is provided by RNS The company news service from the London Stock Exchange
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