REG - SRT Marine Systems - Director/PDMR Shareholding & Issue of Equity

SRT Marine SystemsAnnouncement

06/06/2025 17:00

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RNS Number : 8818L  SRT Marine Systems PLC  06 June 2025

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

 

Director Grant of Share Options, Exercise of options and Sale of shares

 

SRT Marine Systems plc ("SRT"), a global provider of maritime domain awareness
systems and technologies for security, safety and environmental protection,
announces the grant of options, option exercise and share sale by executive
director, Jean Francois Bonnin.

On 4(th) June 2025, options were granted to Jean Francois Bonnin over 500,000
ordinary shares of 0.1p each ("Ordinary Shares"), exercisable at the Company's
nominal value (the "Options"). The Options vest annually in even tranches over
a 5-year period and are then exercisable in four equal tranches when the
Company's average mid-market closing share price exceeds each of 75p, £1.25,
£1.50 and £2.00 for a period of 20 continuous business days.

On 4th June 2025, Jean Francois Bonnin exercised 175,000 Options from a grant
dated 22(nd) May 2020 at an exercise price of 0.1p. The associated Ordinary
Shares were then sold in full at an average price of 66.042p per Ordinary
Share in part to satisfy associated tax obligations.

Following the above grant of Options, exercise of Options and sale of Ordinary
Shares Jean Francois Bonnin holds 825,000 share Options in the Company, and in
total the Company has 11,935,000 Options in issue, representing 4.8 per cent
of the Company's issued share capital. Jean Francois Bonnin does not hold any
Ordinary Shares in the Company.

Application has been made for the 1750,000 new Ordinary Shares to be admitted
to trading on AIM which is expected to occur on 10 June 2025 ("Admission").

 

Following Admission, the Company will have 250,157,656 Ordinary Shares of 0.1p
in issue with each share carrying the right to one vote. This is the total
voting rights figure which may be used by shareholders as the denominator for
the calculations by which they will 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)

 Cavendish Capital Markets Limited
 Jonny Franklin-Adams / Teddy Whiley / Finn Gordon (Corporate Finance)     +44 (0) 20 7220 0500
 Tim Redfern (ECM)

About SRT Marine Systems plc:

SRT Marine Systems PLC is a global company which develops and provides
integrated maritime surveillance, monitoring, management and safety systems
used by coast guards, fishery authorities, infrastructure and vessel owners
for the purposes of managing and controlling their maritime domain.
Applications include security, safety, search & rescue, law enforcement,
fisheries management, illegal fishing detection and environment monitoring.

 

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                                                         Jean Francois Bonnin
 2.                                Reason for the Notification
 a)                                Position/status                                              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                                                          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  Grant of Options over Ordinary Shares of 0.1p each in SRT Marine Systems plc.
                                                                                                Exercisable at the nominal value. The Options vest annually in even tranches
                                                                                                over a 5-year period and are then exercisable in four equal tranches when the
                                                                                                average mid-market closing share price exceeds each of 75p, £1.25, £1.50 and
                                                                                                £2.00 for a period of 20 continuous working days.

                                                                                                and

                                                                                                Exercise of 175,000 Options and subsequent sale of 175,000 Ordinary Shares in
                                                                                                the Company.
                                   Identification code                                          ISIN - GB00B0M8KM36
 b)                                Nature of the transaction                                    Grant of Options, Exercise of Options and Sale of Ordinary Shares.
 c)                                Price(s) and volume(s)

Type                     Price(s)   Volume(s)
                                                                                                Grant of Options         0.1 pence  500,000
                                                                                                Exercise of Options      0.1 pence  175,000
                                                                                                Sale of Ordinary Shares  £0.6765    50,000
                                                                                                Sale of Ordinary Shares  £0.654     125,000
 d)                                Aggregated information:                                      See 4c) above

                                   · Aggregated volume                                          175,000 Ordinary Shares sold at an average price of 66.042 pence each

                                   · Price
 e)                                Date of the transaction                                      6 June 2025
 f)                                Place of the transaction                                     LSE Re sale of Ordinary Shares

d)

Aggregated information:

· Aggregated volume

· Price

See 4c) above

175,000 Ordinary Shares sold at an average price of 66.042 pence each

e)

Date of the transaction

6 June 2025

f)

Place of the transaction

LSE Re sale of Ordinary Shares

 

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