Transaction in Own Shares & TVR

Transense Technologies PLC
25 March 2024
 

25 March 2024

Transense Technologies plc

("Transense" or "the Company")

 

Transaction in own shares

Change to Total Voting Rights

Transense Technologies plc, the provider of specialist sensor technology and measurement systems, announces that on 22 March 2024, the Company purchased 70,000 of its own ordinary shares of 10p each ("Ordinary Shares") at a price of 100 pence per share. These shares will be held in treasury for the time being to satisfy share option awards in the future.

Following these transactions, the total number of Ordinary Shares held as treasury shares by the Company is 1,152,856. 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 15,284,884 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:

22 March 2024

Investment firm

Shard Capital Stockbrokers

Venue

London Stock Exchange

Number of ordinary shares purchased

70,000

Volume-weighted average price, pence

100

Highest price paid (per ordinary share), pence

100

Lowest price paid (per ordinary share), pence

100

 

For further information please visit www.transense.com or contact:

Transense Technologies plc

Nigel Rogers (Executive Chairman)

Melvyn Segal (CFO)

Via Walbrook PR

Allenby Capital (Nominated Adviser and Broker)

Jeremy Porter / George Payne (Corporate Finance)

Stefano Aquilino / Tony Quirke (Sales & Corporate Broking)

Tel: +44 (0)20 3328 5656

Walbrook PR

Tom Cooper/Nick Rome / Joseph Walker

Tel: +44 (0)20 7933 8780

Transense@walbrookpr.com

 

 

Notes to Editors:

 

Transense is a developer of specialist sensor technology and measurement systems.  The Company has two active business divisions:

 

·    Translogik a range of smart, connected tyre inspection and management equipment, used by leading tyre manufacturers, dealers and fleet operators to reduce costs and improve safety; and 

·    SAWsense, developing Surface Acoustic Wave (SAW) sensor technology, to improve performance, reliability and efficiency in focus markets of aerospace, automotive, robotics and industrial machinery.

 

In addition, the Company earns residual royalty income from Bridgestone iTrack (new branding name for iTrack), a tyre condition and performance monitoring system, that was developed by Translogik and subsequently licensed to Bridgestone Corporation for a ten year period in 2020, expiring in 2030.

 

The Group's strategy is to maximise shareholder value through the delivery of sustained revenue growth from its business divisions by leveraging excellence in innovation and know-how to commercialise technologies through industry partnerships and exposure to global growth markets.

 

Transense is headquartered in Oxfordshire, UK, and was admitted to trading on AIM, a market operated by the London Stock Exchange (AIM: TRT), in 1999.  www.transense.com

 

For further information please contact transense@walbrookpr.com

 

Schedule of Purchases - Individual Transactions

 

Number of Shares

Price Per Share (pence)

Trading Venue

Date of Transaction

Time of transaction

70,000

100

London Stock Exchange

22 March 2024

14:47:58

 

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