Business
Grant of share options to Director and employee
Grant of share options to Director and employee.
About this update from Transense Technologies Plc
[{"type":"text","content":"\n\n1 December 2023\nTransense Technologies plc\n(\"Transense\", or the \"Company\")\n \nGrant of share options to Director and employee\n \nTransense Technologies plc, the provider of specialist sensing solutions and measurement systems, announces that it has today granted 125,000 options to acquire ordinary shares of 10 pence each in the Company (\"Ordinary Shares\") to an employee and a Director (the \"Options\").\n \nIn accordance with the Company's share scheme, the Options have an exercise price of 10 pence per Ordinary Share, being nominal value of an Ordinary Share and can be exercised after three years until the tenth anniversary of the grant. Two thirds of the Options are only exercisable if the Company's share price exceeds 150 pence per Ordinary Share for ten consecutive trading days at any time. The remaining one third of the Options are only exercisable in full if the share price exceeds 200 pence per Ordinary Share for ten consecutive trading days at any time, with none of this tranche being exercisable if the share price has not exceeded 150 pence per share for ten consecutive trading days and a pro‐rata amount will be exercisable between these two share price targets.\n \nFollowing these grants there are 1,567,500 unexercised share options over Ordinary Share in issue, representing approximately 9.54% of the current issued share capital of the Company.\n \nIncluded in the above grant of options are 75,000 options granted to Ryan Maughan, a Director of the Company, taking his total unexercised share options to 225,000.\n \nFurther details are provided in the forms below in accordance with the requirements of the UK Market Abuse Regulation.\nFor further information please visit www.transense.com or contact:\n\n\n\n\nTransense Technologies plc\nNigel Rogers (Executive Chairman)\nMelvyn Segal (CFO)\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 & Corporate Broking)\n\n\nTel: +44 (0)20 3328 5656\n\n\n\n\nWalbrook PR\nTom Cooper/Nick Rome/Joe 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 wireless sensor systems used to enable real-time data gathering and monitoring. Produ...