REG - SRT Marine Systems - Director/PDMR Shareholding and Total Voting Rights

SRT Marine SystemsAnnouncement

13/12/2022 16:00

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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 (http://www.srt-marine.com)

                                                             + 44 (0) 1761 409500

 Simon Tucker (CEO)                                          simon.tucker@srt-marine.com (mailto:simon.tucker@srt-marine.com)
 Louise Coates (Marketing Manager)                           louise.coates@srt-marine.com (mailto:louise.coates@srt-marine.com)

 finnCap Ltd
 Jonny Franklin-Adams / Teddy Whiley (Corporate Finance)     +44 (0) 20 7220 0500
 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  Ordinary Shares of 0.1p each in SRT Marine Systems plc
     code

ISIN - GB00B0M8KM36
 b)  Nature of the transaction                                                   Exercise of Share Options/Purchase of Ordinary Shares
 c)  Price(s) and volume(s)                                                      Price(s)                      Volume(s)

20 pence                     500,000
 d)

     Aggregated information                                                      See 4c) above

     -      Aggregated volume

     -      Price

 e)  Date of the transaction                                                     13 December 2022
 f)  Place of the transaction                                                    London Stock Exchange, AIM

 

 

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