Transense Technologies PLC Capital Reduction (5857S)
December 22 2016 - 2:19AM
UK Regulatory
TIDMTRT
RNS Number : 5857S
Transense Technologies PLC
22 December 2016
22 December 2016
Transense Technologies plc
("Transense" or the "Company")
Capital Reduction
Transense announces that on 21 December 2016 the High Court
granted an order approving the reduction of the Company's capital
through the cancellation of the Company's share premium account
(the "Capital Reduction") as approved by shareholders and announced
by the Company on 23 November 2016. The Company filed this order
with the Registrar of Companies and it became effective on 21
December 2016 thereby giving effect to the Capital Reduction which
enables the Company to make future distributions to
shareholders.
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,
Heather Armstrong
About Transense Technologies
Based in Oxfordshire, UK, Transense has developed
patent-protected sensor systems and supporting technology for use
in a variety of diverse high growth markets. Transense's Surface
Acoustic Wave (SAW) wireless, battery-less, sensor systems offer
significant advantages over legacy wireless sensor systems.
Transense is targeting the global transport and mining industries,
and the global torque, temperature and pressure sensing markets,
via its two trading divisions,Translogik and SAWSense.
Transense's shares are admitted to trading on AIM, a market
operated by the London Stock Exchange (AIM: "TRT").
This information is provided by RNS
The company news service from the London Stock Exchange
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December 22, 2016 03:19 ET (08:19 GMT)