SRT Marine Systems - Issue of Equity

SRT Marine Systems

26/02/2025 14:08

RNS Number : 5811Y

SRT Marine Systems PLC

26 February 2025

 

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

 

Issue of Equity

The Directors of SRT announce that they have issued and allotted 50,000 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") following the conversion of employee share options in the Company at an exercise price of 29p per Ordinary Share.

 

Application has been made for the new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 4 March 2025 ("Admission").

 

Following Admission, the Company will have 249,962,656 Ordinary Shares of 0.1p 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.

 

For further information, please contact:
SRT Marine Systems plc
www.srt-marine.com
+ 44 (0) 1761 409500
Simon Tucker (CEO)
simon.tucker@srt-marine.com
Kevin Finn (Chairman)
Kevin.finn@srt-marine.com
Cavendish Capital Markets Limited (NOMAD & Broker)
Jonny Franklin-Adams / Teddy Whiley / Finn Gordon (Corporate Finance)
+44 (0) 20 7220 0500
Tim Redfern / Ondraya Swanson (Corporate Broking)
Yellow Jersey PR
Charles Goodwin / Annabelle Wills
+44 (0)774 7788 221
srt@yellowjerseypr.com


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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