REG - SRT Marine Systems - Director/PDMR Shareholding

SRT Marine SystemsAnnouncement

20/04/2020 13:00

RNS Number : 2215K
  
SRT Marine Systems PLC
  
20 April 2020
  
 

 
 
SRT MARINE SYSTEMS PLC
("SRT" or the "Company")
Director/PDMR Shareholding
SRT notes that as a result of his participation in the latest fundraise, Mr Simon Tucker, Chief Executive Officer of the Company has acquired 400,000 new ordinary shares of 0.1p each in SRT at a price of 25 pence per share.
Following this acquisition, Mr. Tucker is interested in 1,607,440 ordinary shares, representing c.1 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


Simon Tucker




2


Reason for the notification




a)


Position/status


Chief Executive 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


-




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


Placing participation




c)


Price(s) and volume(s)


Price(s)



25p per share


Volume(s)



400,000




d)


Aggregated information








- Aggregated volume


400,000




- Price


£100,000.00




e)


Date of the transaction


14/04/2020




f)


Place of the transaction


London Stock Exchange, AIM



 
 
 







 




Contacts:


 








 




SRT Marine Systems plc


www.srt-marine.com
+ 44 (0) 1761 409500 




Simon Tucker (CEO)


simon.tucker@s rt-marine.com




Louise Coates (Marketing Manager)


louise.coates@s rt-marine.com 














finnCap Ltd








Jonny Franklin-Adams / Teddy Whiley (Corporate Finance)


+44 (0) 20 7220 0500




Tim Redfern (Equity Capital Markets)






















 








 
 
 About SRT Marine Systems plc:
SRT develops, manufactures and supplies maritime surveillance and vessel tracking technologies, products and systems. The Company's products and solutions are used by individual vessel owners, port authorities, maritime infrastructure owners, coast guards, fishery agencies and other national security agencies to enhance their maritime domain awareness, monitoring and management capabilities. 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.
 
 
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. In addition, market soundings (as defined in MAR) were taken in respect of the Placing with the result that certain persons became aware of inside information (as defined in MAR), as permitted by MAR. This inside information is set out in this Announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of such inside information relating to the Company and its securities. The person responsible for this announcement is Richard Hurd, Chief Financial Officer of SRT.
 
 


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