Director/PDMR Shareholding and Total Voting Rights

RNS Number : 5872J

SRT Marine Systems PLC

13 December 2022

 

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

Director/PDMR Shareholding

and

Total Voting Rights

SRT Marine Systems plc (SRT), a global provider of maritime surveillance, monitoring and management systems announces that it was notified on 13 December 2022, that Richard Hurd, Chief Financial Officer of the Company exercised share options over a total of 500,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at a strike price of 20p each. These share options were due to expire on December 18, 2022, being 10 years from the grant date.

Following this acquisition, Mr. Hurd is interested in 600,000 Ordinary Shares, representing approximately 0.3 per cent of the Company's issued share capital.

Application has been made for the new Ordinary Shares to be admitted to trading on AIM, which is expected to occur on 19 December 2022 ("Admission").

Total Voting Rights

Following Admission there will be 181,416,939 Ordinary Shares in issue with each Ordinary Share carrying the right to one vote. This is also the total voting rights figure which may be used by shareholders as the denominator for the calculations by which they can determine whether they are required to notify their interests in, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Contacts:
SRT Marine Systems plc		www.srt-marine.com   + 44 (0) 1761 409500
Simon Tucker (CEO)		[e-mail]
Louise Coates (Marketing Manager)		[e-mail]
finnCap Ltd
Jonny Franklin-Adams / Teddy Whiley (Corporate Finance)		[phone]
Tim Redfern (ECM)

About SRT Marine Systems plc:

SRT develops, manufactures and supplies maritime tracking technology and turn-key system solutions to marine stakeholders across the globe with a particular expertise in AIS. The Company's products and solutions are used by individual vessel owners, port authorities, maritime infrastructure owners, coast guards and national security agencies to enhance their maritime domain awareness. Applications include the tracking of commercial and leisure vessels; sustainable fishery; anti-collision; search and rescue; waterway management, port and coast security; pollution management; and environmental management.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Richard Hurd
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SRT Marine Systems PLC
b)	LEI	2138002DF3KFXL472938
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.1p each in SRT Marine Systems plc ISIN - GB00B0M8KM36
b)	Nature of the transaction	Exercise of Share Options/Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) 20 pence	Volume(s) 500,000
d)	Aggregated information -  Aggregated volume -  Price	See 4c) above
e)	Date of the transaction	13 December 2022
f)	Place of the transaction	London Stock Exchange, AIM

 

END

 

 

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