17:00 Mon 11 May 2020
SRT Marine Systems - Exercise of Options, PDMR Dealings & TVR
("SRT" or the "Company")
Exercise of Options, PDMR Dealings and Total Voting Rights
Subsequently on
Details of the Share Options and Sale are as follows:
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No. of Share Options exercised |
Exercise price |
No. of Ordinary Shares sold |
Price at which Ordinary Shares were sold |
Resultant number of Ordinary Shares held |
Resultant interest in Ordinary Shares following Admission |
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2,200,000 |
9p |
1,100,000 |
32p |
2,707,440 |
1.64% |
Application will be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to take place at
Following Admission, there will be 164,251,939 Ordinary Shares in issue with each Ordinary 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: |
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+ 44 (0) 1761 409500 |
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finnCap Ltd |
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+44 (0) 20 7220 0500 |
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About
SRT develops, manufactures and supplies maritime surveillance and vessel tracking technologies, products and systems. The Company's products and solutions are used by individual vessel owners, port authorities, maritime infrastructure owners, coast guards, fishery agencies and other national security agencies to enhance their maritime domain awareness, monitoring and management capabilities. 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.
1. |
Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA") |
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a) |
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2. |
Reason for the notification |
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a) |
Position / status |
Chief Executive Officer |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
Legal Entity Identifier |
2138002DF3KFXL472938 |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument |
Ordinary shares of GB00B0M8KM36 |
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b) |
Nature of the transaction |
Exercise of Share Options over Ordinary Shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Aggregated price |
n/a n/a
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e) |
Date of the transaction(s) |
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f) |
Place of the transaction |
Outside a trading venue |
1. |
Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA") |
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a) |
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2. |
Reason for the notification |
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a) |
Position / status |
Chief Executive Officer |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
Legal Entity Identifier |
2138002DF3KFXL472938 |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument |
Ordinary shares of GB00B0M8KM36 |
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b) |
Nature of the transaction |
Sale of Ordinary Shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Aggregated price |
1,100,000 32p
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e) |
Date of the transaction(s) |
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f) |
Place of the transaction |
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