Transense Technologies PLC Issue of Equity (2575V)
27 January 2017 - 7:00AM
UK Regulatory
TIDMTRT
RNS Number : 2575V
Transense Technologies PLC
27 January 2017
Transense Technologies plc
("Transense" or the "Company")
Issue of Equity
The Company announces the issue of 86,146 new ordinary shares of
50 pence each in the capital of the Company ("Ordinary Shares")
pursuant to the exercise of 86,146 warrants which were granted to
finnCap Limited as part of the 2015 fundraising. Application has
been made for the 86,146 new Ordinary Shares, which will rank pari
passu with the existing Ordinary Shares, to be admitted to trading
on AIM ("Admission"). Admission is expected to occur at 8.00 a.m.
on 31 January 2017.
Following Admission, the total number of voting rights in the
Company will be 9,532,435 Ordinary Shares. This number may be used
by shareholders 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 Company under the FCA's
Disclosure Guidance and Transparency Rules.
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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January 27, 2017 02:00 ET (07:00 GMT)