SIP purchase, PDMR & TVR shareholding
OTAQ Plc (OTAQ) SIP Purchase, PDMR & TVR Shareholding 17-Sep-2021 / 16:53 GMT / BST Broadcast of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this advertisement.
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(“OTAQ”, or the “Company”)
Purchase of a share-based incentive plan
Director / PDMR Shareholding
Total voting rights
OTAQ, the group of marine technology products and solutions for the global aquaculture and offshore oil and gas industries, received on September 17, 2021 a notification from Cytec Solutions Corporate Trustees Limited (the “SIP Trustee”) regarding the ” issuance and allotment of 6,063 ordinary shares of 15 pence each in the Company (“Ordinary Shares”) for the benefit of participants in the OTAQ Stock Incentive Plan (the “SIP”), including persons exercising managerial responsibilities of the Company (each, a “PDMR”) described below in accordance with the rules of the SIP (the “SIP Award”).
The SIP is an all-employee trust agreement approved by HM Revenue and Customs, under which each participating employee acquires common shares at the prevailing market price per share using contributions deducted from pre-tax wages in each calendar month ( ” Partnership “). , each participating employee being granted one common share for each partnership share (“matching shares”), using newly issued shares.
Details of the number of partnership shares purchased by the PDMRs at a price of 40 pence per ordinary share, and the number of corresponding shares allotted by the SIP Trustee to the PDMRs without consideration, are shown next to their names in the table below. below.
Name Title Number of Partnership Shares Number of Matching Shares Phil Newby Chief Executive Officer 375 375 Matt Enright Chief Financial Officer 375 375 Chris Hyde Chief Technology Officer 250 250 Steve Burns Chief Operating Officer 375 375
The SIP grant was satisfied by the issuance of 6,063 new common shares (the “SIP Shares”) to the SIP Trustee. The SIP Shares will rank pari passu in all respects with the existing ordinary shares of the Company in circulation. Applications have been made with the FCA and the London Stock Exchange for the SIP Shares to be admitted to the Standard segment of the official FCA list and to trading on the main market of the London Stock Exchange for listed securities. respectively (“Admission”). Admission is expected to take effect on or around 8:00 a.m. on September 24, 2021.
Total voting rights
After Admission, the enlarged share capital of the Company will include 31,388,369 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares of its own. Consequently, the total number of Ordinary Shares of the Company with voting rights will be 31,388,369.
The aforementioned figure may be used by the shareholders of the Company as the denominator for the calculations by which they will determine whether they are required to notify their interest or a change in their interest in the share capital of the Company by virtue of the declaration of the Company. FCA. Guidance and transparency rules.
OTAQ PLC Via Walbrook Alex Hambro, Non-Executive Chairman Phil Newby, Chief Executive Officer Matt Enright, Chief Financial Officer Dowgate Capital Ltd (Broker & Adviser) 020 3903 7715 David Poutney / James Serjeant Nicholas Chambers Walbrook PR Ltd Tel: 020 7933 8780 or [email protected] Tom Cooper/Nick Rome/Nicholas Johnson 0797 122 1972 or 07748 325 236 or 07884 664 686
OTAQ is a highly innovative marine technology company focused on the sectors of marine aquaculture, offshore energy, renewable energy and ocean research. It operates in four locations around the world: Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile.
OTAQ’s marine technology portfolio includes a market-leading intelligent acoustic deterrent system, Sealfence, designed to protect marine aquaculture sites from predation, with several systems deployed in Scotland, Chile, Finland and Russia.
The company’s Oceansense leak detection systems have a worldwide reputation as an industry standard solution and have been successfully deployed to hundreds of jobs. OTAQ’s Dragonfish laser measurement system is quickly recognized as one of the most accurate precision underwater laser measurement systems available. OTAQ also has significant experience in the design and manufacture of submarine connectors, penetrators and communication systems.
It seeks to continuously develop and improve its products using its specialized mechanical, electronic and software engineers with decades of experience in bringing subsea technology products to market. At the same time, the OTAQ is seeking to expand its technology portfolio through growth through acquisition, with the aim of further expanding its range of aquaculture and offshore products.
The OTAQ is proud to be fully ISO 9001: 2015 accredited by DNV-GL. ISO 9001 is an internationally recognized quality management system and demonstrates OTAQ’s commitment to consistency, continuous improvement and customer satisfaction. The certification also demonstrates its ability to consistently deliver products and services to the market while complying with legal and regulatory requirements by applying an effective quality management system.
The Company is making this announcement, including the notification (s) below, in accordance with the requirements of the EU Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities / person closely associated 1. Phil Newby 2. Matt Enright Name a) 3. Chris Hyde 4. Steve Burns 2 Reason for the notification 1. Chief Executive Officer and PDMR Position/status a) 2. Chief Financial Officer and PDMR 3. Chief Technology Officer and PDMR 4. Chief Operating Officer and PDMR b) Initial notification /Amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name OTAQ plc b) LEI 213800CZGMYB5XTUXJ52 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 Description of the financial Ordinary shares of 15 pence each instrument, type of instrument a) Identification code ISIN: GB00BK6JQ137 Nature of the transaction b) Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the OTAQ SIP. Price(s) Volume(s) Price(s) and volume(s) 1. 40p+Nil 375 + 375 c) 2. 40p+Nil 3. 40p+Nil 375 + 375 4. 40p+Nil 250 + 250 375 + 375 Price(s) Aggregated information Aggregated volume (s) d) 6,063 40p
e) Date of the operation
September 17, 2021
f) Place of the transaction
London Stock Exchange (XLON)
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ISIN: GB00BK6JQ137 Category Code: MSCL TIDM: OTAQ LEI Code: 213800CZGMYB5XTUXJ52 Sequence No.: 122473 EQS News ID: 1234352 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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September 17, 2021 11:53 am ET (3:53 pm GMT)