Business
Offer, Further Placing and Exercise of Options
Offer, Further Placing and Exercise of Options.
About this update from Transense Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 1509J Transense Technologies PLC 11 July 2013 \n \n\n11 July 2013\n Transense Technologies PLC\n(\"Transense\" or the \"Company\")\n \nOffer, Further Placing and Exercise of Options\n \nCapitalised terms in this announcement have the same meaning as in the Circular dated 7 June 2013 except where otherwise indicated.\n \nTransense confirms that, further to its announcement on 2 July, 2013, the Company has completed the Offer at the maximum gross amount of £1.05 million, through the issue of 14,000,000 Ordinary Shares at the Issue Price (7.5 pence).\n\nIn addition, the Company has completed a further placing of 8,651,998 Ordinary Shares to raise approximately £0.65 million before expenses at the Issue Price (the \"Further Placing\"). The net proceeds of the Further Placing will be used principally for, inter alia, sales and field support, quality control and for working capital purposes.\n \nThe Company also announces that, it has approved the issue and allotment of 500,000 new ordinary shares in the Company following an exercise of share options by certain Transense employees (the \"Option Shares\").\n \nApplication has been made to AIM for the admission of the 14,000,000 Offer Shares, the 8,651,998 Further Placing shares and the 500,000 Option Shares (together, the \"New Shares\"), with trading expected to commence at 8.00 a.m. on 12 July, 2013. Following the admission of the New Shares, the Company will have 267,236,046 Ordinary Shares in issue. \n \nThis figure of 267,236,046 may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.\n \n \n \nFor more information, please contact:\n \n\n\n\n\nTransense Technologies plc\n\n\nTel: +44 (0) 1869 238 380\n\n\n\n\nGraham Storey, Chief Executive\n\n\n\n\n\n\n\nDavid M. Ford, Company Secretary\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nN+1 Singer - Nominated Adviser and Broker\n\n\nTel: +44 (0) 20 7496 3000\n\n\n\n\nShaun Dobson, Aubrey Powell\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNewgate Threadneedle\n\n\nTel: +44 (0) 20 7653 9850\n\n\n\n\nCaroline Evans-Jones, Robyn McConnachie\n\n\n\n\n\n\n\n \n \n\nThis information is...