Grant of share options to Director and employee
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your TRT notes
Transense 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").
In 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.
Following 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.
Included 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.
| a) | Name | Ryan Maughan |
| 2 | Reason for the notification | |
| a) | Position/status | Business Development Director |
| b) | Initial notification /Amendment | Initial |
| a) | Name | Transense Technologies plc |
| b) | LEI | 2138005N52J6KKQ3EY67 |
| a) | Description of the financial instrument, type of instrument | Options over Ordinary shares of 10 pence each |
| Identification code | GB00BDHDTH21 | |
| b) | Nature of the transaction | Grant of options |
| c) | Price and volume | Exercise Price(s) 10p Volume(s) 75,000 |
| d) | Aggregated information | |
| - Aggregated volume | As above | |
| - Price | ||
| e) | Date of the transaction | 1 December 2023 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.