Business
Director/PDMR Shareholding – acquisition of shares
Director/PDMR Shareholding – acquisition of shares.
About this update from Transense Technologies Plc
[{"type":"text","content":"\n\n18 June 2024\n \nTransense Technologies plc\n(\"Transense\" or the \"Company\")\n \nDirector/PDMR shareholding - acquisition of shares\n \nTransense Technologies plc, the provider of specialist sensor technology and measurement systems, has been notified that on 17 June 2024, Ryan Maughan, Managing Director, purchased 3,946 ordinary shares of 10 pence each in the Company (\"Ordinary Shares\") at a price of 126.5 pence per share. Accordingly, Ryan Maughan's total beneficial shareholding in the Company has increased to 59,300 Ordinary Shares, which represents approximately 0.39% of the Company's current voting rights.\n \nFurther details are provided in the form below in accordance with the requirements of the UK Market Abuse Regulation.\n \nFor further information please visit www.transense.com or contact:\n\n\n\n\nTransense Technologies plc\nNigel Rogers (Executive Chairman)\nMelvyn Segal (Chief Financial Officer)\nRyan Maughan (Managing Director)\n\n\nVia Walbrook PR\n\n\n\n\nAllenby Capital (Nominated Adviser and Broker)\nJeremy Porter/George Payne (Corporate Finance)\nStefano Aquilino/Tony Quirke (Sales and Corporate Broking)\n\n\nTel: +44 (0)20 3328 5656\n\n\n\n\nWalbrook PR\nTom Cooper/Nick Rome/Joesph Walker\n\n\nTel: +44 (0)20 7933 8780\[email protected]\n\n\n\n\n \nNotes to Editors:\nTransense is a developer of specialist sensor technology and measurement systems. The Company has two active business divisions:\n \n· Translogik a range of smart, connected tyre inspection and management equipment, used by leading tyre manufacturers, dealers and fleet operators to reduce costs and improve safety; and\n \n· SAWsense, developing Surface Acoustic Wave (SAW) sensor technology, to improve performance, reliability and efficiency in focus markets of aerospace, automotive, robotics and industrial machinery.\n \nIn addition, the Company earns residual royalty income from Bridgestone iTrack (new branding name for iTrack), a tyre condition and performance monitoring system, that was developed by Translogik and subsequently licensed to Bridgestone Corporation for a ten year period in 2020, expiring in 2030.\n \nThe Group's strategy is to maximise shareholder value through the delivery of sustained revenue growth fro...