Last checked at 22 Dec 2008 15:33
Transense Technologies PLC
22 December 2008
TRANSENSE TECHNOLOGIES PLC (the "Company")
WAIVER & GRANT OF NEW OPTIONS
22nd December 2008
The Company announces that on 22nd December 2008 options over 250,000 ordinary shares of 10 pence each under the Transense 2008 Enterprise Management Incentive Option Scheme were granted to Dr. Raymond Lohr, Technical Director of the Company. Dr. Lohr also waived options over 340,000 ordinary shares issued under previous EMI & Unapproved share option schemes.
The new options provide the right to subscribe for Ordinary Shares at an exercise price of £0.10 per Ordinary Share; the options are exercisable two years after the date of grant. None of the options are capable of exercise after the expiry of five years from date of grant.
Enquiries:
Transense Technologies plc
Norman Smith / Melvyn Segal 01869 238 380
Brewin Dolphin Investment Banking
Neil Baldwin 0113 241 0126