REG - SRT Marine Systems - Response to reports in Philippine press

SRT Marine SystemsAnnouncement

24/04/2024 10:00

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RNS Number : 8581L  SRT Marine Systems PLC  24 April 2024

 

SRT MARINE SYSTEMS PLC

("SRT" or the "Group")

Response to reports in Philippine press

 

SRT notes the recent share price movement and reporting in the Philippine
press with regard to the IMEMS fisheries project.

 

SRT wishes to clarify that the IMEMS contract was won following a competitive
international tender, which has been successfully implemented and is
operational. On Monday the Ombudsman confirmed that both SRT and Richard Hurd
are cleared, but has recommended further investigation into Simon Tucker and
other individuals outside of SRT. The Board is fully supportive of Simon who
is now working to clear his name.

 

Our work continues as normal as we carry out our contractual obligations to
ensure a first-class fisheries monitoring and management system capability for
the benefit of The Philippines.

 

Trading remains in line with market expectations.

 

 

 

 

 Contacts:
 SRT Marine Systems plc                                        www.srt-marine.com (http://www.srt-marine.com)

                                                               + 44 (0) 1761 409500
 Richard Hurd (CFO)                                            simon.tucker@s (mailto:simon.tucker@srt-marine.com) rt-marine.com
                                                               (mailto:simon.tucker@srt-marine.com)
 Louise Coates (Marketing Manager)                             louise.coates@s (mailto:louise.coates@srt-marine.com) rt-marine.com
                                                               (mailto:louise.coates@srt-marine.com)

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

 Yellow Jersey PR
 Charles Goodwin / Annabelle Wills                             +44 (0) 7747 788 221

 

 

 

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, environment monitoring and
general navigation safety.

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