REG - SRT Marine Systems - Issue of Equity

SRT Marine SystemsAnnouncement

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RNS Number : 2664H  SRT Marine Systems PLC  05 June 2026

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

 

Issue of Equity

The Directors of SRT announce that they have issued and allotted 50,000 new
ordinary shares of 0.1p each in the Company ("Ordinary Shares") following the
conversion of employee share options in the Company at an exercise price of
0.1p per Ordinary Share.

 

Application has been made for the 50,000 new Ordinary Shares to be admitted to
trading on AIM which is expected to occur on 9 June 2026 ("Admission").

 

Following Admission, the Company will have 273,012,119 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.

 

Enquiries:

 

 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
 Kevin Finn (Chairman)                                   kevin.finn@srt-marine.com

 Nora Alakshan (Corporate Communications Manager)        nora.alakshan@srt-marine.com

 Julian Collett (Director of Capital Markets Strategy)   julian.collett@srt-marine.com (mailto:julian.collett@srt-marine.com)

 Cavendish Capital Markets Limited (NOMAD & Broker)
 Jonny Franklin-Adams / Teddy Whiley / Finn Gordon (Corporate Finance)                            +44 (0) 20 7220 0500
 Sunila de Silva (Corporate Broking)
 Boscobel & Partners (Media Contact)                     SRTMarine@boscobelandpartners.com (mailto:SRTMarine@boscobelandpartners.com)

 George Trefgarne / Tabitha Owers                        +44 (0) 20 3642 1310

 

About SRT Marine Systems plc:

 

SRT Marine Systems PLC ("SRT") is a global provider of civil defence maritime
intelligence and surveillance systems, as well as navigation safety and
efficiency solutions. Our systems provide MDA intelligence that enables
sovereign agencies such as coast guards and fishery authorities to adopt a new
nationwide intelligence-led operations doctrine which is highly effective and
efficient for maritime safety and security. Our navigation safety systems
enable vessel operators to navigate digitally more safely and efficiently. Our
customers range from government agencies such as coast guards, fishery
authorities and ports & waterway authorities, to commercial and leisure
vessel owners.

 

Following a review of previous share admissions, it became clear that certain
Ordinary Shares in relation to the Company's announcement dated 28 December
2023, the issue of 774,000 Ordinary Shares ("Second Subscription Shares")
pursuant to the subscription agreement under the Company's Fundraising, were
not admitted to trading on AIM. Submission for these 774,000 Ordinary Shares
to be admitted to trading on AIM has now been made, and admission is expected
to occur on 9 June 2026 alongside the exercise of the employee share options.
These 774,000 Ordinary Shares are already included within the 273,012,119
Ordinary Shares in issue total voting rights figure referred to above.

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