SRT Marine Systems PLC Exercise of Options, PDMR Dealings and TVR (9626V)
April 11 2019 - 11:00AM
UK Regulatory
TIDMSRT
RNS Number : 9626V
SRT Marine Systems PLC
11 April 2019
SRT MARINE SYSTEMS PLC
(AIM: SRT)
("SRT" or the "Company")
Exercise of Options, PDMR Dealings and Total Voting Rights
SRT Marine Systems PLC (SRT), a global provider of maritime
surveillance, monitoring and management systems, announces that it
was notified on 10 April 2019 that certain Directors of the
Company, have exercised share options ("Share Options") over a
total of 1,375,000 ordinary shares of 0.1 pence each in the Company
("Ordinary Shares"). The share options were granted in 2009 and
were due to expire unless exercised by July 2019.
Subsequently on 11 April 2019, Mr Peniket, Chief Operating
Officer of the Company, sold 200,000 Ordinary Shares to finance the
associated purchase costs and tax liabilities upon exercise of the
Share Options (the "Sale").
Details of the Share Options and Sale are as follows:
Name No. of Exercise No. of Price at Resultant Resultant
Share Options price Ordinary which Ordinary number interest
exercised Shares Shares of Ordinary in Ordinary
sold were sold Shares Shares
held following
Admission
Richard
Hurd 75,000 2.5p - n/a 100,000 0.06%
--------------- --------- ---------- ---------------- ------------- -------------
Neil Peniket 1,300,000 2.5p 200,000 32.5p 1,100,000 0.71%
--------------- --------- ---------- ---------------- ------------- -------------
Application has been made for the new Ordinary Shares to be
admitted to trading on AIM ("Admission"). Admission is expected to
take place at 8.00 a.m. on 17 April 2019.
Following Admission, there will be 154,632,419 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:
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
Marc Milmo / Anthony Adams (Corporate Finance) +44 (0) 20 7220 0500
Tim Redfern / Richard Chambers (Corporate
Broking)
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.
1. Details of the Person discharging managerial responsibilities
("PDMR") / person closely associated with them ("PCA")
a) Name Richard Hurd
------------------------------ ----------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position / status Chief Financial Officer
------------------------------ ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------ ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name SRT Marine Systems Plc
------------------------------ ----------------------------------------
b) Legal Entity Identifier 2138002DF3KFXL472938
------------------------------ ----------------------------------------
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
------------------------------------------------------------------------
a) Description of the Ordinary shares of 0.1 pence each
financial instrument in the Company
GB00B0M8KM36
------------------------------ ----------------------------------------
b) Nature of the transaction Exercise of Share Options over Ordinary
Shares
------------------------------ ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2.5p 75,000 Ordinary Shares
-----------------------
------------------------------ ----------------------------------------
d) Aggregated information n/a
* Aggregated volume n/a
* Aggregated price
------------------------------ ----------------------------------------
e) Date of the transaction(s) 10 April 2019
------------------------------ ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ----------------------------------------
1. Details of the Person discharging managerial responsibilities
("PDMR") / person closely associated with them ("PCA")
a) Name Neil Peniket
------------------------------ ----------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position / status Chief Operating Officer
------------------------------ ----------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------ ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name SRT Marine Systems Plc
------------------------------ ----------------------------------------
b) Legal Entity Identifier 2138002DF3KFXL472938
------------------------------ ----------------------------------------
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
------------------------------------------------------------------------
a) Description of the Ordinary shares of 0.1 pence each
financial instrument in the Company
GB00B0M8KM36
------------------------------ ----------------------------------------
b) Nature of the transaction Exercise of Share Options over Ordinary
Shares
------------------------------ ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2.5p 1,300,000 Ordinary Shares
--------------------------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume n/a
n/a
* Aggregated price
------------------------------ ----------------------------------------
e) Date of the transaction(s) 10 April 2019
------------------------------ ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ----------------------------------------
1. Details of the Person discharging managerial responsibilities
("PDMR") / person closely associated with them ("PCA")
a) Name Neil Peniket
------------------------------ -------------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a) Position / status Chief Operating Officer
------------------------------ -------------------------------------
b) Initial notification Initial notification
/ amendment
------------------------------ -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name SRT Marine Systems Plc
------------------------------ -------------------------------------
b) Legal Entity Identifier 2138002DF3KFXL472938
------------------------------ -------------------------------------
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
---------------------------------------------------------------------
a) Description of the Ordinary shares of 0.1 pence each
financial instrument in the Company
GB00B0M8KM36
------------------------------ -------------------------------------
b) Nature of the transaction Sale of Ordinary Shares
------------------------------ -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
32.5p 200,000 Ordinary Shares
------------------------
------------------------------ -------------------------------------
d) Aggregated information
* Aggregated volume n/a
n/a
* Aggregated price
------------------------------ -------------------------------------
e) Date of the transaction(s) 11 April 2019
------------------------------ -------------------------------------
f) Place of the transaction AIM
------------------------------ -------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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