Transense Technologies plc (LON:TRT), the provider of sensor systems for the transportation and industrial markets, has had a number of enquiries regarding the Open Offer from Shareholders who hold their shares in nominee accounts. The Open Offer was announced on 29 June 2015 alongside the recently completed Placing with new institutional and other investors, and provides all existing Eligible Shareholders with the opportunity to subscribe for New Ordinary Shares in the Company at the same issue price offered to the institutions.
Transense told DirectorsTalk that shareholders should note:
· Certain nominee account administrators will contact the Shareholder directly to advise that there is an Open Offer and to seek instruction on participating in the Open Offer and voting at the General Meeting.
· Certain other nominee account administrators do not contact the Shareholder and therefore the Shareholder must contact the nominee account holder and provide instructions regarding participating in the Open Offer and voting at the General Meeting. If you do not contact them they will take no action.
· If a Shareholder holds his/her shares in a nominee account, wishes to participate in the Open Offer and has not already been contacted by the nominee then the Board of Transense would suggest that he/she immediately contacts the nominee directly with their instructions.
Shareholders are reminded of the expected timetable below and suggest that all those Eligible Shareholders who wish to participate in the Open Offer should take action immediately.