Transense Technologies plc (AIM:TRT) commences share repurchases on January 10, 2024, under the program mandated by the shareholders in the Annual General Meeting held on November 29, 2023. As per the mandate, the company is authorized to repurchase up to 1,643,774 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.1 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 5% above the average of the middle market quotations for an ordinary share on the relevant investment exchange on which the ordinary shares are traded for the five business days immediately preceding the date on which such ordinary share is contracted to be purchased and an amount equal to the the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out.

The shares purchased may either be cancelled or held as treasury shares, which may then be cancelled, sold for cash or transferred. The authority shall expire at the conclusion of the next Annual General Meeting of the company or 15 months whichever is earlier.