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.
Automobiles & Parts
990.42
17:14 04/10/24
2.60%
25.14
FTSE AIM All-Share
738.36
16:54 04/10/24
n/a
n/a
Transense Technologies
165.00p
16:50 04/10/24
1.54%
2.50p
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.