REG - SRT Marine Systems - PDMR Shareholding & Issue of Equity
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RNS Number : 2959X SRT Marine Systems PLC 29 August 2025
SRT MARINE SYSTEMS PLC
(AIM: SRT)
("SRT" or the "Company")
Grant of Options, Exercise of Options, Director Dealing, Issue of Equity and
Total Voting Rights
SRT Marine Systems plc ("SRT"), a global provider of maritime domain awareness
systems and technologies for security, safety and environmental protection,
announces that Neil Peniket, Chief Operating Officer of the Company has
exercised 920,000 options at a price of 0.1 pence each (the "Exercise"), and
following this Exercise has sold 420,000 ordinary shares of 0.1 pence each in
the Company ("Ordinary Shares"), at an average price of 76.9 pence per
Ordinary Share, to satisfy associated tax obligations.
Application has been made for the 920,000 new Ordinary Shares to be admitted
to trading on AIM which is expected to occur on 1 September 2025
("Admission").
In addition to the above, the Company confirms it has granted 500,000 new
Options to Simon Tucker, Chief Executive Officer of the Company, 250,000 new
Options to Richard Hurd, Chief Financial Officer of the Company, and 250,000
new Options to Neil Peniket (the "Grants"). The new Options issued pursuant to
the Grants will have an exercise price of 0.1 pence each. The new Options will
vest in three equal tranches when the Company's average mid-market closing
share price exceeds each £1.00, £1.50 and £1.75 for a period of 20
continuous business days.
Following the Exercise of Options and sale of Ordinary Shares, Mr Peniket
holds 1,600,000 Ordinary Shares in the Company, representing 0.6 per cent. of
the Company's issued share capital. Following the Exercise and the Grants, Mr
Peniket holds 1,280,000 Options in the Company. Following the Grants Mr Tucker
holds 4,500,000 Options and Mr Hurd holds 1,300,000 Options, respectively, and
in total the Company has 11,787,000 Options in issue, representing 4.7 per
cent. of the Company's enlarged issued share capital.
Following Admission, the Company will have 251,215,656 Ordinary Shares 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 Neil Peniket
2. Reason for the Notification
a) Position/status Chief Operating 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 Exercise of 920,000 Options over Ordinary Shares;
Sale of 420,000 Ordinary Shares in the Company; and
Grant of 250,000 Options.
Identification code ISIN - GB00B0M8KM36
b) Nature of the transaction Exercise of Options, Sale of Ordinary Shares and Grant of Options.
c) Price(s) and volume(s)
Type Price(s) Volume(s)
Exercise of Options 0.1 pence 920,000
Sale of Ordinary Shares £0.769 420,000
Grant of Options £0.1 pence 250,000
d) Aggregated information: See 4c) above
· Aggregated volume · 920,000 Options exercised at a price of 0.1 pence each;
· Price · 420,000 Ordinary Shares sold at an average price of 76.9 pence
each; and
· 250,000 Options granted at an exercise price of 0.1 pence each.
e) Date of the transaction 29 August 2025
f) Place of the transaction LSE Re sale of Ordinary Shares
d)
Aggregated information:
· Aggregated volume
· Price
See 4c) above
· 920,000 Options exercised at a price of 0.1 pence each;
· 420,000 Ordinary Shares sold at an average price of 76.9 pence
each; and
· 250,000 Options granted at an exercise price of 0.1 pence each.
e)
Date of the transaction
29 August 2025
f)
Place of the transaction
LSE Re sale of Ordinary Shares
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 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 500,000 Options.
Identification code ISIN - GB00B0M8KM36
b) Nature of the transaction Grant of Options.
c) Price(s) and volume(s)
Type Exercise Price Volume(s)
Grant of Options £0.1 pence 500,000
d) Aggregated information: See 4c) above
· Aggregated volume · 500,000 Options granted at an exercise price of 0.1 pence each.
· Price
e) Date of the transaction 28 August 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
See 4c) above
· 500,000 Options granted at an exercise price of 0.1 pence each.
e)
Date of the transaction
28 August 2025
f)
Place of the transaction
Outside a trading venue
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 Grant of 250,000 Options.
Identification code ISIN - GB00B0M8KM36
b) Nature of the transaction Grant of Options.
c) Price(s) and volume(s)
Type Exercise Price Volume(s)
Grant of Options £0.1 pence 250,000
d) Aggregated information: See 4c) above
· Aggregated volume · 250,000 Options granted at an exercise price of 0.1 pence each.
· Price
e) Date of the transaction 21 August 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
See 4c) above
· 250,000 Options granted at an exercise price of 0.1 pence each.
e)
Date of the transaction
21 August 2025
f)
Place of the transaction
Outside a trading venue
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