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

SRT Marine SystemsAnnouncement

20/02/2025 07:15

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RNS Number : 7736X  SRT Marine Systems PLC  20 February 2025

 

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.

 

As noted via an announcement on 24 April 2024, SRT clarifies that the IMEMS
contract was won following an open and competitive international tender, which
has been successfully implemented and is operational. The Ombudsman has
previously confirmed that both SRT and Richard Hurd were cleared of any
allegations. The Ombudsman had recommended further investigation into Simon
Tucker and other individuals outside of SRT, and we are pleased to see this
now moving forward through the Philippine legal process towards a clear
resolution. The Board remains fully supportive of Simon who continues with the
process to clear his name.

 

SRT's business continues as normal, both with the existing contractual
obligations to support the fully operational first-class fisheries management
system as well as on new upcoming business opportunities.

 

Further updates will be made as appropriate.

 

 

 

 

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

                                                     + 44 (0) 1761 409500
 Richard Hurd (CFO)                                  richard.hurd@s (mailto:richard.hurd@s) rt-marine.com

                                                   (mailto:simon.tucker@srt-marine.com)
 Kevin Finn (Chairman)

                                                     Kevin.finn@srt-marine.com (mailto:Kevin.finn@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 / Teddy Whiley / Finn Gordon (Corporate Finance)                   +44 (0) 20 7220 0500
 Tim Redfern / Ondraya Swanson (ECM)

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

 

 

 

About SRT Marine Systems plc:

SRT Marine Systems PLC is an established leader in the growing global market
for maritime domain awareness. We provide technology driven solutions for
coastal and EEZ surveillance, fisheries management and monitoring and
navigation safety and efficiency. Our customers range from government agencies
such as Coast Guards, Fishery Authorities and Ports & Waterway authorities
to commercial and leisure vessel owners.

 

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