OTAQ Plc (OTAQ) SIP Purchase, PDMR Shareholding & TVR
17-Nov-2021 / 15:41 GMT/BST Dissemination of a Regulatory
Announcement, transmitted by EQS Group. The issuer is solely
responsible for the content of this announcement.
-----------------------------------------------------------------------------------------------------------------------
OTAQ plc
("OTAQ", or the "Company")
Share Incentive Plan Purchase
Director/PDMR Shareholding
Total Voting Rights
OTAQ, the marine technology products and solutions group for the
global aquaculture and offshore oil and gas industries, received
notification on 17 November 2021 from Cytec Solutions Corporate
Trustees Limited (the "SIP Trustee") in relation to the issue and
allotment of 10,302 ordinary shares of 15 pence each in the Company
("Ordinary Shares") for the benefit of participants of the OTAQ
Share Incentive Plan (the "SIP"), including those Persons
Discharging Managerial Responsibilities of the Company (each, a
"PDMR") outlined below in accordance with the rules of the SIP (the
"SIP Award").
The SIP is an all-employee trust arrangement approved by HM
Revenue and Customs, under which each participating employee will
acquire Ordinary Shares at the prevailing market price per share
using contributions deducted from pre-tax salary in each calendar
month ("Partnership Shares"), with each participating employee
being awarded one Ordinary 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 25 pence per Ordinary Share, and the number of
Matching Shares allocated by the SIP Trustee to the PDMRs for no
consideration, are set out against their names in the table
below.
Name Title Number of Partnership Shares Number of Matching Shares
Phil Newby Chief Executive Officer 600 600
Matt Enright Chief Financial Officer 600 600
Chris Hyde Chief Technology Officer 400 400
Steve Burns Chief Operating Officer 600 600
The SIP Award has been satisfied by the issue of 10,302 new
Ordinary Shares (the "SIP Shares") to the SIP Trustee. The SIP
Shares shall rank pari passu in all respects with the Company's
existing ordinary shares in issue. Applications have been made to
the FCA and to the London Stock Exchange for the SIP Shares to be
admitted to the Standard segment of the Official List of the FCA
and to trading on the London Stock Exchange's Main Market for
listed securities respectively ("Admission"). It is expected that
Admission will become effective on or around 8.00 am on 24 November
2021.
Total Voting Rights
Following Admission, the enlarged issued share capital of the
Company will comprise 31,405,540 Ordinary Shares, with voting
rights. The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of Ordinary Shares in the Company with
voting rights will be 31,405,540.
The aforementioned figure may be used by shareholders in the
Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under
the FCA's Disclosure Guidance and Transparency Rules.
Contacts:
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 / Russell Cook
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.
The Company's Oceansense leak detection systems have a global
reputation as the industry standard solution and have been deployed
successfully on hundreds of jobs. OTAQ's Dragonfish laser
measurement system is fast becoming recognised as one of the most
accurate underwater precision laser measurement systems available.
OTAQ also has significant experience in the design and manufacture
of underwater connectors, penetrators and communication
systems.
It seeks to develop and continuously improve its products using
its specialist mechanical, electronic and software engineers with
decades of experience in bringing underwater technology products to
market. Concurrently, OTAQ seeks to expand its technology portfolio
through acquisitive growth, with the aim of further expanding its
aquaculture and offshore product offering.
OTAQ is proud to be fully ISO 9001:2015 accredited through
DNV-GL. ISO 9001 is an internationally recognised quality
management system and demonstrates OTAQ's commitment to
consistency, continual improvement and customer satisfaction. The
certification also demonstrates its ability to consistently deliver
products and services to market whilst meeting statutory and
regulatory requirements by applying an effective quality management
system.
The Company makes 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)
600 + 600
Price(s) and volume(s) 1. 25p+Nil
c) 2. 25p+Nil 600 + 600
3. 25p+Nil
4. 25p+Nil 400 + 400
600 + 600
Price(s)
Aggregated information Aggregated volume (s)
d)
4,400
25p
e) Date of the transaction
17 November 2021
f) Place of the transaction
London Stock Exchange (XLON)
-----------------------------------------------------------------------------------------------------------------------
ISIN: GB00BK6JQ137
Category Code: MSCH
TIDM: OTAQ
LEI Code: 213800CZGMYB5XTUXJ52
OAM Categories: 2.5. Total number of voting rights and capital
3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 127090
EQS News ID: 1249951
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1249951&application_name=news
(END) Dow Jones Newswires
November 17, 2021 10:41 ET (15:41 GMT)
Otaq (LSE:OTAQ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Otaq (LSE:OTAQ)
Historical Stock Chart
From Apr 2023 to Apr 2024
