Transense Technologies PLC Director/PDMR shareholding (4261P)
February 17 2021 - 4:34AM
UK Regulatory
TIDMTRT
RNS Number : 4261P
Transense Technologies PLC
17 February 2021
17 February 2021
Transense Technologies plc
("Transense" or the "Company")
Director/PDMR shareholding - acquisition of shares
Transense Technologies plc (AIM: TRT), the developer of
specialist sensor systems, has been notified that Nigel Rogers,
Executive Chairman of the Company, has today purchased 25,000
ordinary shares in the Company at 67p per share. Accordingly, Nigel
Rogers' total beneficial shareholding in the Company has increased
to 200,000 ordinary shares, which represents 1.23% of the issued
share capital.
The Company has also been notified that Rodney Westhead, a
Non-Executive Director of the Company, has today purchased 20,000
ordinary shares in the Company at 65p per share through The Ricardo
Supplementary Pension Scheme No 1. Accordingly, Rodney Westhead's
total beneficial shareholding in the Company has increased to
30,655 ordinary shares, which represents 0.19% of the issued share
capital.
Further details are provided in the forms below in accordance
with the requirements of the UK Market Abuse Regulation.
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 Tel: +44 (0)20 3328 5656
and Broker)
Jeremy Porter / George Payne (Corporate
Finance)
Tony Quirke (Sales and Corporate
Broking)
Walbrook PR Tel: +44 (0)20 7933 8780
Tom Cooper/Nick Rome/Nicholas Johnson Transense@walbrookpr.com
Notes to Editors:
Transense is a developer of specialist wireless sensor systems
used to enable real-time data gathering and monitoring. Products
include the patent protected Surface Acoustic Wave (SAW) sensor
technology, used to improve equipment power, performance,
reliability and efficiency; iTrack, Transense'sTyre Pressure
Monitoring System, recently licensed to Bridgestone Corporation,
the world's largest tyre producer, under a ten-year deal; and a
range of intelligent tyre monitoring equipment under the Translogik
brand. Target sectors include automotive, aerospace, industrial,
green energy, rail and marine.
The Company's strategy is to maximise shareholder value through
the delivery of sustained revenue growth from all three principal
technologies - SAW, iTrack and Translogik probes - through
leveraging excellence in innovation, know-how in commercialising
technologies, industry partnerships and exposure to global growth
markets.
The Company has a significant licensing agreement with General
Electric Company ("GE") for the use of patented, wireless, passive
SAW technology in GE Aviation's T901-GE-900 engine for the U.S.
Army Engineering and Manufacturing Development ("EMD") phase of the
Improved Turbine Engine Program ("ITEP"), which is the programme to
replace more than 6,000 engines in its current fleet of Boeing
AH-64 Apache and Sikorsky UH60 Black Hawk helicopters, expected to
commence in 2024 reaching full volume in 2026.
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.
For further information please contact
transense@walbrookpr.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nigel Rogers
---------------------------- ----------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Executive Chairman
---------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
---------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------
a) Name Transense Technologies plc
---------------------------- ----------------------------------
b) LEI 2138005N52J6KKQ3EY67
---------------------------- ----------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------
a) Description of the Ordinary Shares of 10 pence each
financial instrument,
type of instrument
Identification code GB00BDHDTH21
b) Nature of the transaction Purchase of Ordinary Shares
---------------------------- ----------------------------------
c) Price and volume Price: 67 pence per share
Volume: 25,000
---------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 17 February 2021
---------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rodney Westhead
---------------------------- ----------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Non-Executive Director
---------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
---------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------
a) Name Transense Technologies plc
---------------------------- ----------------------------------
b) LEI 2138005N52J6KKQ3EY67
---------------------------- ----------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------
a) Description of the Ordinary Shares of 10 pence each
financial instrument,
type of instrument
Identification code GB00BDHDTH21
b) Nature of the transaction Purchase of Ordinary Shares
---------------------------- ----------------------------------
c) Price and volume Price: 65 pence per share
Volume: 20,000
---------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
e) Date of the transaction 17 February 2021
---------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------- ----------------------------------
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END
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