Director/PDMR Shareholding

RNS Number : 7265G

SRT Marine Systems PLC

10 August 2016

 

SRT MARINE SYSTEMS PLC

("SRT" or the "Company")

Director/PDMR Shareholding

SRT was notified on 9 August 2016 that Andrew Lapping, a Non-Executive Director of the Company, had on that day acquired 20,000 ordinary shares of 0.1p each in SRT at a price of 48.4 pence per share.

Following this acquisition, Mr. Lapping is interested in 1,238,080 ordinary shares, representing 0.97 per cent. of the Company's issued share capital.

The attached notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Lapping
2	Reason for the notification
a)	Position/status	Non-executive director
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	-
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	Market purchase
c)	Price(s) and volume(s)	Price(s) 48.4p per share	Volume(s) 20,000
d)	Aggregated information
	- Aggregated volume	20,000
	- Price	£9,680.00
e)	Date of the transaction	09/08/2016
f)	Place of the transaction	London Stock Exchange, AIM

Contacts
SRT Simon Tucker, CEO Louise Coates, Marketing Manager	[phone] [e-mail] [e-mail]
WH Ireland Limited Tim Feather Liam Gribben	[phone]

Notes to Editors

SRT develops, manufactures and supplies maritime tracking technology and turn-key system solutions to marine stakeholders across the globe. 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.

In the early 2006, SRT was the first company to develop a low cost technology platform supporting the International Maritime Organisation (IMO) adopted data communications technology, AIS (Automatic Identification System). This technology transmits vessel type, current co-ordinates, course and speed, and the vessel's unique identifier, in real time - air traffic control for boats. As a result of a global IMO sponsored mandate for the use of AIS, today AIS is being adopted and implemented worldwide in marine market as the next generation of radar. SRT's systems are entirely developed in the UK with 95% of revenues derived from exports.

With circa 26 million vessels operational globally and a growing demand from national authorities enforcing vessels operating in their waters to fit AIS as standard, SRT,  the leading global provider of AIS technology, is at the forefront of a rapidly developing and evolving multi-billion dollar maritime market. 

www.softwarerad.com

 

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