LONDON – Transense Technologies plc (AIM:TRT), a sensor solutions and measurement systems company, has announced that its managing director, Ryan Maughan, has increased his stake in the company. On Wednesday, Maughan bought 3,025 ordinary shares at 165 pence each.
Following this transaction, Maughan’s total beneficial ownership in Transense now amounts to 72,981 common shares. This represents approximately 0.48% of the company’s current issued share capital with voting rights. The shares were purchased on London Stock Exchange (LON:) AIM Market.
Transense Technologies is best known for its two main business segments: SAWsense and Translogik. SAWsense focuses on advanced sensor solutions for aerospace, automotive and industrial machinery, with customers such as GE Aerospace and McLaren Applied. Translogik provides intelligent tire inspection equipment for commercial vehicles, serving clients such as Bridgestone and Goodyear.
The company also receives royalty income from Bridgestone iTrack, a tire monitoring system, following the sale of associated infrastructure and an exclusive licensing agreement with Bridgestone Corporation in June 2020.
The notification of this shareholding transaction falls within the UK Market Abuse Regulation, ensuring transparency of financial operations by key company employees.
This report is based on a press release and is intended to present the facts relating to the recent acquisition of shares by a director of Transense Technologies plc.
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