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