Transense Technologies PLC Director/PDMR Shareholding - acquisition of shares

RNS Number : 7261H

Transense Technologies PLC

10 October 2024

 

10 October 2024

 

Transense Technologies plc

("Transense" or the "Company")

 

Director/PDMR shareholding - acquisition of shares

 

Transense Technologies plc (AIM: TRT), the provider of specialist sensor technology and measurement systems, has been notified that on 9 October 2024, Ryan Maughan, Managing Director, purchased 8,812 ordinary shares of 10 pence each in the Company ("Ordinary Shares"). Accordingly, Ryan Maughan's total beneficial shareholding in the Company has increased to 68,112 Ordinary Shares, which represents approximately 0.44% of the Company's current voting rights.

 

Further details are provided in the form below in accordance with the requirements of the UK Market Abuse Regulation.

 

For further information please visit https://www.transense.com or contact:

 

Transense Technologies plc Nigel Rogers (Executive Chairman) Melvyn Segal (Chief Financial Officer)	Via Walbrook PR
Allenby Capital (Nominated Adviser and Broker) Jeremy Porter/George Payne (Corporate Finance) Stefano Aquilino/Tony Quirke (Sales and Corporate Broking)	Tel: [phone]
Walbrook PR Tom Cooper/Nick Rome/Joesph Walker	Tel: [phone] [e-mail]

Notes to Editors:

Transense is headquartered in Oxfordshire, UK and its shares are traded on AIM, a market operated by the London Stock Exchange (AIM: TRT). The Company develops and supplies advanced sensor technology and measurement solutions used by some of the world's leading companies to improve performance, efficiency, and safety in demanding, mission critical applications. Transense currently operates through two active business segments:

 

·    SAWsense - designs, supplies and licences advanced sensor solutions based on proven, patent protected Surface Acoustic Wave (SAW) technology to world leading companies in aerospace, automotive, and industrial machinery (including robotics), enabling improved efficiency and performance of their products. Key customers include GE Aerospace, Parker Meggitt, McLaren Applied, Airbus and several other confidential Tier One automotive, aerospace and industrial machinery suppliers.

 

·    Translogik - develops smart, connected commercial vehicle tyre inspection equipment to many of the world's leading tyre suppliers, fleet operators and service centres. Enabling accurate measurement and digital capture of safety-critical tyre condition data, used to reduce operating costs, improve safety and provide audit records for regulatory compliance. Key customers include Bridgestone, Goodyear, Continental and Prometeon (Pirelli), and leading independent providers of vehicle fleet maintenance management software.

 

In addition, Transense earns residual royalty income from Bridgestone iTrack - a tyre monitoring system for off-highway vehicles that was developed by Translogik. The associated sales, support and development infrastructure were sold to Bridgestone Corporation, the world's largest tyre producer, in June 2020, and the intellectual property was licensed exclusively to Bridgestone under a ten-year deal expiring in 2030.

 

Find out more at: https://www.transense.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	Ryan Maughan
2	Reason for the notification
a)	Position/status	Managing Director
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(s) Volume(s) 159 1,253 159 1,253 158.45 6,306
d)	Aggregated information
	- Aggregated volume	As above
	- Price
e)	Date of the transaction	9 October 2024
f)	Place of the transaction	London Stock Exchange, AIM

 

 

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