REG - SRT Marine Systems - Statement regarding press speculation

SRT Marine SystemsAnnouncement

24/05/2018 15:30

RNS Number : 2394P
SRT Marine Systems PLC
24 May 2018
 


SRT MARINE SYSTEMS PLC
(AIM: SRT)
("SRT" or the "Company")
 
Statement regarding press speculation
 
SRT, the global provider of maritime tracking, monitoring and management systems, has noted the press speculation regarding a potential fundraising by the Company.
 
The Company confirms that it is in discussions with certain institutional and other investors with regard to a proposed equity fundraising at a price between 25 and 30 pence per ordinary share and a further issue of loan notes (the "Fundraising") to raise a total of approximately £6 million.
 
A further announcement regarding the Fundraising will be made in due course as appropriate.
 




 
Contacts:
 






 




SRT Marine Systems plc


www.srt-marine.com 
+ 44 (0) 1761 409500
 


 




Simon Tucker (CEO)


simon.tucker@srt-marine.com


 




Louise Coates (Marketing Manager)


louise.coates@srt-marine.com
 


 




finnCap Ltd






 




Jonny Franklin-Adams / Simon Hicks / Anthony Adams (Corporate Finance)


+44 (0) 20 7220 0500


 




Tim Redfern / Richard Chambers (Corporate Broking/ECM)






 




















 
About SRT Marine Systems plc:
SRT develops, manufactures and supplies maritime vessel tracking technology and turn-key system solutions to marine stakeholders across the globe with a particular expertise in AIS. The Company's products and solutions are used by individual vessel owners, port authorities, maritime infrastructure owners, coast guards and national security agencies to enhance their maritime domain awareness. Applications include the tracking of commercial and leisure vessels; sustainable fishery; anti-collision; search and rescue; waterway management, port and coast security; pollution management; and environmental management.
 
 
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
 




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