Last checked at 18 Feb 2021 13:21
18 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 Melvyn Segal, Chief Financial Officer of the Company, has today purchased 10,000 ordinary shares in the Company at 70p per share. Accordingly, Melvyn Segal's total beneficial shareholding in the Company has increased to 44,888 ordinary shares, which represents 0.28% of the issued share capital.
Further details are provided in the form below in accordance with the requirements of the UK Market Abuse Regulation.
For further information please visit www.transense.com or contact:
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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
| Melvyn Segal |
2
| Reason for the notification | |
a)
| Position/status
| Chief Financial Officer |
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
| 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 financial instrument, type of instrument | Ordinary Shares of 10 pence each |
Identification code | GB00BDHDTH21 | |
b)
| Nature of the transaction
| Purchase of Ordinary Shares |
c) | Price and volume | Price: 70 pence per share
Volume: 10,000 |
d)
| Aggregated information | |
- Aggregated volume | As above | |
- Price | ||
e)
| Date of the transaction
| 18 February 2021 |
f)
| Place of the transaction
| London Stock Exchange, AIM |