Board Change and Posting of Annual Results

Ocean Harvest Technology Group PLC

25 May 2023

 

Ocean Harvest Technology Group plc

("OHT", the "Company", or the "Group")

Board Change and Posting of Annual Results

Ocean Harvest Technology Group plc, a leading global producer of animal feed additives from multispecies seaweed blends, announces that Adrian Crockett, CFO, intends to leave the Company on 9 June to pursue other opportunities.

OHT has appointed Andy Cox as interim CFO in a non-Board capacity for a period of nine months, during which it will conduct a search for a permanent replacement.  Andy has significant experience in acting as an interim CFO, including for a number of companies in the feed and food sector such as AB Vista, Premier Nutrition, British Pepper and Spice and East End Foods. The Company looks forward to Andy's contribution to OHT over his contract period and thanks Adrian for all his efforts on OHT's development, particularly the recent IPO process.   Adrian will work with Andy to ensure an orderly handover prior to his departure.

The Company continues to trade in line with management's expectations and remains on track to deliver substantial growth in 2023.   OHT will provide a trading update in July, post the interim period end.

OHT also announces that printed copies of the Annual Report and Accounts for the year ended 31 December 2022 will shortly be posted to shareholders and a digital copy is available for download from the OHT plc website at www.oceanharvesttechnology.com.

Mark Williams, CEO, Ocean Harvest Technology, commented: "We are continuing to focus on building our customer base and growing the business.  We thank Adrian for all his assistance in OHT's development, in particular his help with our IPO and wish him the very best for the future.  We are pleased to have secured Andy's experience whilst we look for a permanent CFO.   We look forward to updating the market with our continued progress in due course."

For more information please contact:

Ocean Harvest Technology Group plc	Tel: [phone]
Mark Williams, CEO
finnCap Ltd (Nominated Adviser and Sole Broker)	Tel: [phone]
Geoff Nash / Seamus Fricker / George Dollemore (Corporate Finance) Charlotte Sutcliffe / Harriet Ward (ECM)
Camarco (Financial PR Adviser)	Tel: [phone]
Tom Huddart / Rosie Driscoll / Letaba Rimell	[e-mail]

Notes to Editors

Ocean Harvest Technology Group plc is a global leader in the development and commercialisation of value adding products from multiple species of seaweed. The Company provides a range of natural ingredients focused on improving animal performance whilst protecting the environment, through its unique and proven intellectual property portfolio. The Company's products are produced in its facility in Vietnam from seaweeds soured from multiple markets across the world.

For more information, please visit www.oceanharvesttechnology.com.

 

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