TIDMOTAQ

RNS Number : 2524T

OTAQ PLC

24 March 2021

OTAQ plc

("OTAQ", or the "Company")

Holding(s) in Company

OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, announces it was yesterday notified by David and Vivien Poutney that following the issue of new ordinary shares of 15 pence each in the Company ("Ordinary Shares") on 23 March 2021 (as announced on 18 March 2021), their total beneficial interest in 1,530,000 Ordinary Shares, is now equivalent to approximately 4.97 per cent. of the Company's issued share capital.

- Ends -

Contacts :

 
                                                                       Via Walbrook 
   OTAQ PLC 
 Alex Hambro, Non-Executive Chairman 
 Phil Newby, Chief Executive Officer 
 Matt Enright, Chief Financial Officer 
 
 Dowgate Capital Limited (Financial 
  Adviser & Broker)                                                   020 3903 7715 
 David Poutney / James Serjeant 
 Nicholas Chambers 
 
 Walbrook PR Ltd                          Tel: 020 7933 8780 or Otaq@walbrookpr.com 
 Tom Cooper/Nick Rome/Nicholas Johnson               0797 122 1972 or 07748 325 236 
                                                                   or 07884 664 686 
 

About OTAQ

OTAQ is a highly innovative marine technology company focused on the marine aquaculture, offshore energy, renewables and oceanographic research sectors. It operates in four worldwide locations: 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-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia.

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible)(i) 
 
 1a. Identity of the issuer or the                                                OTAQ PLC 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                         --------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                ------------------ 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights 
                                                                                                ------------------ 
 An acquisition or disposal of financial instruments 
                                                                                                ------------------ 
 An event changing the breakdown of voting rights                                                        X 
                                                                                                ------------------ 
 Other (please specify)(iii) : 
                                                                                                ------------------ 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                     DAVID AND VIVIEN POUTNEY 
 City and country of registered office                    LONDON 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                                     JIM NOMINEES LIMITED 
                                                           SMITH & WILLIAMSON NOMINEES LIMITED 
                                                         --------------------------------------------------------- 
 City and country of registered office                    LONDON 
  (if applicable) 
                                                         --------------------------------------------------------- 
 5. Date on which the threshold was                       23 March 2021 
  crossed or reached (vi) : 
                                                         --------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):           23 March 2021 
                                                         --------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                                      % of voting         % of voting rights    Total of both    Total number 
                                     rights attached      through financial      in % (8.A +      of voting rights 
                                    to shares (total         instruments             8.B)         of issuer (vii) 
                                        of 8. A)            (total of 8.B 
                                                              1 + 8.B 2) 
                                -----------------------  -------------------  ----------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                             4.97%                                      4.97%           30,763,251 
                                -----------------------  -------------------  ----------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable)                            5.29%                                      5.29% 
                                -----------------------  -------------------  ----------------  ------------------ 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of           Number of voting rights                       % of voting rights 
  shares                  (ix) 
  ISIN code (if 
  possible) 
                                Direct                Indirect                Direct                Indirect 
                          (Art 9 of Directive   (Art 10 of Directive   (Art 9 of Directive    (Art 10 of Directive 
                             2004/109/EC)           2004/109/EC)           2004/109/EC)           2004/109/EC) 
                               (DTR5.1)              (DTR5.2.1)              (DTR5.1)              (DTR5.2.1) 
                                               --------------------- 
 GB00BK6JQ137                 1,530,000                                       4.97% 
                        ---------------------  ---------------------  ---------------------  --------------------- 
 
 
 SUBTOTAL 8. A                            1,530,000                                       4.97% 
                        --------------------------------------------  -------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of financial       Expiration             Exercise/              Number of voting       % of voting 
  instrument              date                  Conversion Period      rights that may         rights 
                          (x)                   (xi)                   be acquired if 
                                                                       the instrument 
                                                                       is 
                                                                       exercised/converted. 
                        ---------------------  ---------------------  ---------------------  --------------------- 
 
                                                SUBTOTAL 8. B 1 
                                               ---------------------  ---------------------  --------------------- 
 
    B 2: Financial Instruments with similar economic effect according to 
     Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 
    Expiration   Exercise/      Physical     Number of        % of voting rights 
     date (x)     Conversion    or            voting rights 
                  Period (xi)   cash 
                                settlement 
                                (xii) 
                -------------  -----------  ---------------  ------------------------------------ 
 
 
 
    9. Information in relation to the person subject to the notification 
     obligation (please mark the 
     applicable box with an "X") 
    Person subject to the notification obligation is not controlled                          X 
     by any natural person or legal entity and does not control any other 
     undertaking(s) holding directly or indirectly an interest in the 
     (underlying) issuer (xiii) 
    Full chain of controlled undertakings through which the voting rights 
     and/or the 
     financial instruments are effectively held starting with the ultimate 
     controlling natural person or legal entity (xiv) (please add additional 
     rows as necessary) 
        Name (xv)           % of voting rights       % of voting rights      Total of both if 
                              if it equals or         through financial      it equals or is 
                             is higher than the       instruments if it      higher than the 
                            notifiable threshold     equals or is higher   notifiable threshold 
                                                     than the notifiable 
                                                          threshold 
                        --------------------------  --------------------  --------------------- 
 
 
 
 
 
 
    10. In case of proxy voting, please identify: 
    Name of the proxy holder 
                                                    ------------------------------------------- 
    The number and % of voting rights 
     held 
                                                    ------------------------------------------- 
    The date until which the voting rights 
     will be held 
                                                    ------------------------------------------- 
 
    11. Additional information (xvi) 
   Place of completion   LONDON 
    Date of completion    23 MARCH 2021 
                         -------------- 
 
 

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