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Transense Technologies plc

Transense Technologies plc All resolutions passed

Transense Technologies plc (LON:TRT), the provider of sensor systems for the transportation and industrial markets, has today announced that at its general meeting held earlier today, all resolutions were duly passed. The result of the Offer for Subscription was announced earlier today.

 

 

Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM and it is expected that Placing Admission will become effective and that dealings in the Placing Shares will commence on AIM at 8.00 a.m. on 28 July 2015. Following the issue of the Placing Shares, the Company’s issued share capital will be 430,734,428 Ordinary Shares representing 430,734,428 voting rights in the Company. This figure 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.

 

 

Application has been made to the London Stock Exchange for the Offer Shares to be admitted to trading on AIM. It is expected that Offer Admission will become effective and that dealings in the Offer Shares will commence on AIM at 8.00 a.m. on 7 August 2015. Following the issue of the Offer Shares, the Company’s issued share capital will be 472,314,428 Ordinary Shares representing 472,314,428 voting rights in the Company. This figure 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.

 

 

Capitalised terms in this announcement have the same meaning as in the Circular published on 30 June 2015, except where otherwise indicated.

 

About Transense Technologies PLC

Based in Oxfordshire, UK, Transense has developed patent-protected sensor systems for use in diverse high growth markets. Developed in conjunction with partners including McLaren Electronic Systems and General Motors, Transense’s Surface Acoustic Wave (SAW), wireless, battery-less, sensor systems offer significant advantages over legacy wireless sensor systems. Via three wholly owned divisions, IntelliSAW, Translogik and SAWSense, Transense is targeting the high growth global electrical Smart Grid applications market, the automotive and mining industries, and torque, temperature and pressure sensing markets respectively.

Transense’s sensors are also being used in the wind turbine monitoring industry. The Company is part of a consortium of nine companies (“IntelWind”) that has begun development on a major EU funded project to improve the efficiency and reliability of wind turbines.

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