LONDON – Transense Technologies plc (AIM:TRT), a company specializing in sensor and measurement system solutions, announced that its CEO, Ryan Maughan, has increased his stake in the company. On Wednesday, Maughan bought 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 common shares. This represents approximately 0.48% of the company’s current issued voting share capital. The shares were acquired on London Stock Exchange (LON:) 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 customers including GE Aerospace and McLaren Applied. Translogik provides intelligent tire inspection equipment for commercial vehicles, serving customers such as Bridgestone and Goodyear.
The company also receives royalty income from Bridgestone iTrack, a tire monitoring system, following an associated infrastructure sale and exclusive licensing agreement with Bridgestone Corporation in June 2020.
The notification of this share transaction is governed by the UK Market Abuse Regulations, which ensure the transparency of financial transactions by the company’s key personnel.
This report is based on a press release and aims to present the facts relating to the recent acquisition of shares by a director of Transense Technologies plc.
This article was generated with the support of AI and reviewed by an editor. For more information consult our T&C.