Last checked at 27 Jun 2017 07:00
27 June 2017
Transense Technologies PLC
("Transense" or the "Company")
Award of options
Transense Technologies plc (AIM: TRT), announces that on 26 June 2017 it issued options over 470,000 ordinary shares of 50p each (the "Options") under the Transense 2017 Enterprise Management Incentive Option Scheme (the "Scheme") to Graham Storey, David Ford and Melvyn Segal, the Company's Executive Directors. At the same time options issued in December 2011 and August 2012 totalling 220,000 were waived by Graham Storey, David Ford and Melvyn Segal.
The Options provide the right to subscribe for 220,000 ordinary shares of 50 pence each ("Ordinary Shares") at an exercise price of £0.75 per Ordinary Share if the Company's share price reaches £1.50 expiring in June 2022 and the right to subscribe for 250,000 Ordinary Shares at an exercise price of £1.00 if the Company's share price reaches £2.00 expiring in June 2027.
The full details of the Options are set out below:
Executive Directors | Options Waived | New Options | Exercise Price |
D Ford | 70,000 | 70,000 | £0.75 |
G Storey-Macintosh | 120,000 | 120,000 | £0.75 |
M Segal | 30,000 | 30,000 | £0.75 |
Total | 220,000 | 220,000 | |
Executive Directors | New Options | Exercise Price | |
D Ford | 100,000 | £1.00 | |
G Storey-Macintosh | 100,000 | £1.00 | |
M Segal | 50,000 | £1.00 | |
Total | 250,000 | ||
The Remuneration Committee resolved to grant these Options on the terms set out above. The exercise price was determined by the Remuneration Committee.
For further information please visit www.transense.co.uk or contact:
Transense Technologies plc Graham Storey, Chief Executive
| Tel: +44 1869 238 380 |
finnCap Ed Frisby, Giles Rolls (Corporate Finance) Tony Quirke, Alice Lane (Corporate Broking)
| Tel: +44 20 7220 0500 |
IFC Advisory Tim Metcalfe, Graham Herring, Heather Armstrong | Tel: +44 20 3053 8671 |
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014
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 | David Ford | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | Chairman | ||||||
b) | Initial notification/Amendment | Initial | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Transense Technologies Plc | ||||||
b) | LEI | n/a | ||||||
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 Financial instrument, type of instrument | Ordinary shares of 50 pence | ||||||
Identification code | GB00BDHDTH21 | |||||||
b) | Nature of the transaction | Grant of Options over Ordinary Shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information: · Aggregated volume · Price |
See above | ||||||
e) | Date of the transaction | 26 June 2017 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||||
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 | Graham Storey Macintosh | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | CEO | ||||||
b) | Initial notification/Amendment | Initial | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Transense Technologies Plc | ||||||
b) | LEI | n/a | ||||||
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 Financial instrument, type of instrument | Ordinary shares of 50 pence | ||||||
Identification code | GB00BDHDTH21 | |||||||
b) | Nature of the transaction | Grant of Options over Ordinary Shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information: · Aggregated volume · Price |
See above | ||||||
e) | Date of the transaction | 26 June 2017 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||||
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 | Melvyn Segal | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | FD | ||||||
b) | Initial notification/Amendment | Initial | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Transense Technologies Plc | ||||||
b) | LEI | n/a | ||||||
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 Financial instrument, type of instrument | Ordinary shares of 50 pence | ||||||
Identification code | GB00BDHDTH21 | |||||||
b) | Nature of the transaction | Grant of Options over Ordinary Shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information: · Aggregated volume · Price |
See above | ||||||
e) | Date of the transaction | 26 June 2017 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||||