Transense Technologies shares tick higher on open offer clarification

Shares in sensor system stock Transense Technologies lifted after the company said shareholders through nominee accounts could participate in its open offer.

At 08:03 BST shares in the AIM stock were up by 5.26%, trading at 1.50p.

The technology firm said it wanted to update the market after fielding queries about its £2m placement, announced last month.

Transense said while some shareholders would be contacted, others would not and it was up to them to contact their nominee account holders to invest.

The offer is expected to be finalised and share issued in August.