Last checked at 14 Mar 2019 15:30
Transense Technologies plc
("Transense", the "Company" or the "Group")
EIS Advance Assurance and Total Voting Rights
Transense Technologies plc, the provider of sensor systems for the industrial, mining and transportation markets, announces that further to its announcement of the Placing on 13 March 2019 (the "Placing Announcement"), the Company has now received the HMRC EIS Advance Assurance.
As a result, application has been made for the 1,847,331 Second Tranche Shares to be admitted to trading on AIM. Subject to the First Admission (expected on 19 March 2019), it is anticipated that admission of the Second Tranche Shares is expected to occur at 8.00 a.m. on or around 20 March 2019 ("Second Admission").
Following Second Admission, and assuming First Admission on 19 March 2019, the Company's issued share capital will comprise of 14,433,901 Ordinary Shares and 9,548,948 deferred shares of 40 pence each. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 14,433,901. This figure may be used by shareholders in the Company 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 share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority ("FCA").
Capitalised terms used in this announcement shall have the same meanings as the definitions in the Placing Announcement.
For further information please visit www.transense.co.uk or contact:
Transense Technologies plc Graham Storey, Chief Executive
| Tel: +44 (0) 1869 238380
|
finnCap Ed Frisby, Giles Rolls, Kate Bannatyne (Corporate Finance) Tim Redfern, Manasa Patil (ECM)
| Tel: +44 (0) 20 7220 0500
|
IFC Advisory Tim Metcalfe, Graham Herring, Heather Armstrong
| Tel: +44 (0) 20 3934 6630 |
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. The Directors believe that Transense's Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer advantages over legacy wireless sensor systems. Transense is targeting the transport and mining industries, and the global torque, temperature and pressure sensing markets, via its trading divisions, Translogik and SAWSense.
Transense's shares are admitted to trading on AIM (AIM: TRT).
www.transense.co.uk