REG - SRT Marine Systems - Result of General Meeting, Director Change & TVR

SRT Marine SystemsAnnouncement

02/12/2024 14:15

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RNS Number : 4635O  SRT Marine Systems PLC  02 December 2024

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INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
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For immediate release

SRT MARINE SYSTEMS PLC

 

("SRT" or the "Company")

 

Result of General Meeting,

Total Voting Rights

and

Directorate Change

SRT, the AIM-quoted developer and supplier of maritime surveillance systems
and navigation safety products, is pleased to announce that at the Company's
General Meeting held earlier today, all resolutions were duly passed on a
poll.

The table below sets out the results of the poll at the General Meeting,
including the number of votes for and against each of the resolutions
proposed, and the number of votes withheld:

 

 Resolution                                                                     Votes for    %       Votes against  %      Votes Withheld
 Resolution 1: Authority to allot New Ordinary Shares in connection with the    113,950,542  99.89%  123,054        0.11%  46,647
 Fundraising and the Redemption and to issue the Additional Warrants
 Resolution 2: Disapplication of pre-emption rights in connection with the      113,816,744  99.76%  276,949        0.24%  26,550
 Fundraising, the Redemption and the Additional Warrant Issue
 Resolution 3: General authority to allot shares and grant rights to subscribe  113,940,683  99.88%  132,913        0.12%  46,647
 for, or convert any security into, ordinary shares
 Resolution 4: General power to disapply pre-emption rights in connection with  113,737,963  99.69%  355,730        0.31%  26,550
 the general authority at Resolution 3

 

Votes withheld are not votes in law and so have not been included in the
calculation of the proportion of votes for and against a resolution. Any proxy
appointments giving discretion to the Chairman have been included in the "For"
totals.

Completion of the Fundraising and the Redemption remains conditional upon
Admission, which is expected to occur on 3 December 2024.

Defined terms in this announcement shall have the same meaning as set out in
the Company's circular dated 14 November 2024, available on the Company's
website at www.srt-marine.com/investors/
(http://www.srt-marine.com/investors/)  for the purposes of AIM Rule 26.

Total Voting Rights

Following Admission on 3 December 2024, the Company's issued ordinary share
capital will comprise 249,862,656 Ordinary Shares, none of which are held in
treasury. The above figure of 249,862,656 may be used by Shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
voting rights of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

Directorate Change

SRT is pleased to advise that further to its announcement on 28 October 2024,
Oliver Plunkett has now been appointed as a Non-Executive Director with
immediate effect.

Oliver trained as a Barrister and practised in criminal law for several years
before switching to work in financial services. He joined Ocean Infinity
initially in a legal and financial role before becoming CEO in 2017. Oliver is
also on the board of several companies and charitable foundations.

Oliver will serve as board representative of Ocean Infinity Group Limited
("Ocean Infinity"), where he is a board member and CEO, and which is a 15.25
per cent shareholder following Admission of the new Ordinary Shares pursuant
to the Fundraising recently announced by the Company.

-Ends-

For further information:

 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, Ondraya Swanson (ECM)

 

The following information regarding the appointment of Oliver Plunkett, aged
52, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 

 Current directorships and/or partnerships:       Former directorships and/or partnerships (within the last five years):
 Speldhurst Services Limited                      Ocean Infinity Services Limited
 Ocean Infinity Innovations Limited               The Willo Brands Company Ltd.
 Apsley House Holdings Limited                    Willostix Cricket Academy LLP
 The Online Sports Store Limited                  Geoteqnics Ltd
 The Cricket Store Ltd                            Oxgeotech Ltd
 Armada International LLC                         M-Geo Ltd
 Geowynd Ltd                                      Ambrey International Limited
 Stitching the Flotilla Charitable Foundation     Ambrey Offshore Limited
 Stitching the Elba Charitable Foundation         Bachawy Limited
 Maritime Archaeology Consultants Switzerland AG
 ACG Limited
 Ocean Infinity Group Limited
 Ocean Infinity (Offshore) AB
 Reach The World
 Ocean Infinity (Portugal) SA
 Ocean Infinity Solutions Corp
 Ocean Infinity Pte Ltd
 Ocean Infinity Operations Pte Ltd
 OI7801 Pte Ltd
 Ocean Infinity Group Holding AB
 Ocean Infinity AB
 Ocean Infinity Nearshore AB
 Ocean Infinity Inc
 Ocean Infinity America Inc
 Ocean Infinity (Australia) Pty Ltd
 ACG Americas Inc
 ACG Americas II Inc
 ACG Americas III Inc
 Series Investment Holdings Inc

 

The Cricket Store Limited entered creditor's voluntary liquidation on 13 June
2024 whilst Oliver Plunkett was a Director.

 

Mr Plunkett owns 425,000 Ordinary Shares in the Company in a personal
capacity, representing 0.17 per cent of the Issued Share Capital following
admission of the new Ordinary Shares as announced on 14 November 2024.

 

There are no further disclosures to be made under Schedule 2(g) of the AIM
Rules for Companies.

 

 

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