Result of Offer

(Thomson Reuters ONE) -


TRANSENSE TECHNOLOGIES PLC ("the Company")

RESULT OF OFFER

29 June 2010

The Company announces that it has received valid applications for 18,346,000
shares (with a value of £825,570) in the Offer which closed yesterday.

As there are only 11,111,111 shares available in the Offer (with a value of
£500,000) applications have been scaled back. Given the Board's stated intention
was to favour smaller shareholders, it has been decided that all valid
applicants will be allotted 10,000 shares (the Minimum Subscription Level) plus,
where applicable, approximately 56.615% of their applications over and above the
Minimum Subscription Level.

Warrants will be issued on the basis of 1 warrant for every 1 share allotted.

The Offer is subject to shareholders approving the requisite resolutions at the
General Meeting scheduled for 11.00 am on Wednesday 30 June at the offices of
Brewin Dolphin Limited, 5(th) Floor, 12 Smithfield Street, London EC1.

For further information, please contact:

Transense Technologies plc
Graham Storey                                               01869 238 380

Brewin Dolphin Corporate Advisory and Broking - nominated adviser
Neil Baldwin                                             0845 213 4726

Hybridan LLP - broker
Claire Noyce                                             0207 947 4350

ENDS


[HUG#1428114]








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Source: Transense Technologies plc via Thomson Reuters ONE

Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 29.06.2010 - 12:50 Uhr
Sprache: Deutsch
News-ID 23170
Anzahl Zeichen: 0

contact information:
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Kategorie:

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