REG - Ocean Harvest Tech. - Update, Directorate change, NOMAD resignation

Ocean Harvest TechnologyAnnouncement

Yesterday 07:00

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RNS Number : 8715M  Ocean Harvest Technology Group PLC  16 June 2025

 

 

Ocean Harvest Technology Group plc

 

("OHT" or the "Company")

 Update, Directorate change, NOMAD resignation

 

Ocean Harvest Technology Group Plc (AIM: OHT), a leading researcher, developer
and supplier of proprietary blended seaweed products as functional additives
for the global animal feed industry, announces that further to the
announcement of 21 May 2025, the Noteholders, are now exploring a disposal of
 the trading subsidiary or parts of the business as appropriate.   At
present there are a few interested parties who have registered an interest at
looking at OHT with the Security Agent.

The Company also announces that Chris Scott, CFO, has tendered his resignation
and has left the board with immediate effect.

In the absence of additional funds being made available to Ocean Harvest
Technology Group plc the Board is in dialogue with the Security Agent to
release some funds to enable them to enter an insolvency process in the coming
days.

As a consequence of the above, Cavendish Capital Markets Limited has resigned
as Nominated Adviser with immediate effect. The Board does not anticipate
appointing a new Nominated Adviser at this time.

Pursuant to Rule 1 of the AIM Rules for Companies, if a replacement Nominated
Adviser is not appointed within one month of today's date, the admission of
the Company's shares to trading on AIM will be cancelled

 

Capitalised terms used but not otherwise defined in this announcement shall
have the meanings ascribed to such terms in the Company's announcement on 21
May 2025, unless the context requires otherwise.

For more information please contact:

 Ocean Harvest Technology Group plc  Tel: +44 (0) 1737 735018

 Ashley Head, Executive Chairman

 

Notes to Editors

Ocean Harvest Technology Group plc is a global leader in the development and
commercialisation of value adding proprietary products from blending multiple
species of seaweed. The Company provides a range of natural additives focused
on improving animal performance and the sustainability of the feed chain,
through its unique and proven proprietary seaweed blends. The Company sources
its seaweed globally, utilising sustainable and socially responsible
harvesting of largely wild blooming seaweed species.  Its products are
produced in its facility in Vietnam and sold into the $40bn animal feed
additive sector in multiple markets across the world.

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