SRT Marine Systems PLC Director/PDMR Shareholding (7265G)
10 August 2016 - 4:00PM
UK Regulatory
TIDMSRT
RNS Number : 7265G
SRT Marine Systems PLC
10 August 2016
SRT MARINE SYSTEMS PLC
("SRT" or the "Company")
Director/PDMR Shareholding
SRT was notified on 9 August 2016 that Andrew Lapping, a
Non-Executive Director of the Company, had on that day acquired
20,000 ordinary shares of 0.1p each in SRT at a price of 48.4 pence
per share.
Following this acquisition, Mr. Lapping is interested in
1,238,080 ordinary shares, representing 0.97 per cent. of the
Company's issued share capital.
The attached notifications, made in accordance with the
requirements of the EU Market Abuse Regulation, give further
detail.
1 Details of the person discharging managerial
responsibilities/person closely associated
a) Name Andrew Lapping
---- ------------------------- ------------------------------
2 Reason for the notification
---- ---------------------------------------------------------
a) Position/status Non-executive director
---- ------------------------- ------------------------------
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) LEI -
---- ------------------------- ------------------------------
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 Ordinary Shares of 0.1p
of the financial each in SRT Marine Systems
instrument, plc
type of instrument
Identification ISIN - GB00B0M8KM36
code
---- ------------------------- ------------------------------
b) Nature of the Market purchase
transaction
---- ------------------------- ------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
48.4p per 20,000
share
---- ------------------------- --------------- -------------
d) Aggregated
information
---- ------------------------- ------------------------------
- Aggregated
volume 20,000
------------------------------ ------------------------------
- Price GBP9,680.00
------------------------------ ------------------------------
e) Date of the 09/08/2016
transaction
---- ------------------------- ------------------------------
f) Place of the London Stock Exchange, AIM
transaction
---- ------------------------- ------------------------------
Contacts
SRT +44 (0) 1761 409500
Simon Tucker, CEO simon.tucker@softwarerad.com
Louise Coates, Marketing louise.coates@softwarerad.com
Manager
WH Ireland Limited
Tim Feather
Liam Gribben +44 (0) 113 394 6600
Notes to Editors
SRT develops, manufactures and supplies maritime tracking
technology and turn-key system solutions to marine stakeholders
across the globe. 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.
In the early 2006, SRT was the first company to develop a low
cost technology platform supporting the International Maritime
Organisation (IMO) adopted data communications technology, AIS
(Automatic Identification System). This technology transmits vessel
type, current co-ordinates, course and speed, and the vessel's
unique identifier, in real time - air traffic control for boats. As
a result of a global IMO sponsored mandate for the use of AIS,
today AIS is being adopted and implemented worldwide in marine
market as the next generation of radar. SRT's systems are entirely
developed in the UK with 95% of revenues derived from exports.
With circa 26 million vessels operational globally and a growing
demand from national authorities enforcing vessels operating in
their waters to fit AIS as standard, SRT, the leading global
provider of AIS technology, is at the forefront of a rapidly
developing and evolving multi-billion dollar maritime market.
www.softwarerad.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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