101 Aufrufe 101 0 Kommentare 0 Kommentare

    SIP Purchase, PDMR and Total Voting Rights

    Für Sie zusammengefasst
    • OTAQ issues 50,005 shares for Share Incentive Plan.
    • PDMRs Philip Newby and Justine Dowds participate.
    • Total voting rights post-admission: 128,575,044 shares.

    OTAQ Plc (OTAQ)
    SIP Purchase, PDMR and Total Voting Rights

    21-Oct-2024 / 16:37 GMT/BST


    21 October 2024

    OTAQ plc

    ("OTAQ", or the "Company")

     

    Share Incentive Plan Purchase

     

    Director/PDMR Shareholding

     

    Total Voting Rights

     

    OTAQ plc (OTAQ.AQ), the innovative technology company targeting the aquaculture and offshore markets, received notification on 21 October 2024 from Cytec Solutions Corporate Trustees Limited (the "SIP Trustee") in relation to the issue and allotment of 50,005 ordinary shares of 1 penny each in the Company ("Ordinary Shares") for the benefit of participants of the OTAQ Share Incentive Plan (the "SIP"), including Persons Discharging Managerial Responsibilities in the Company ("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 each of the PDMRs at a price of 3.00 pence per Ordinary Share, and the number of Matching Shares allocated by the SIP Trustee to the PDMRs for no consideration, is set out against their names in the table below.

    Name

    Title

    Number of Partnership Shares

    Number of Matching Shares

    Total beneficial holding following Admission

    Percentage beneficial holding following Admission

    Philip Newby*

    Chief Executive Officer

    5,001

    5,001

     1,524,714

    1.19%

    Justine Dowds

    Chief Financial Officer

    5,001

    5,001

     33,288

    0.03%

     

    *Philip Newby’s beneficial holding includes 349,606 Ordinary Shares held by his wife, Diane Newby

     

    The SIP Award has in part been satisfied by the issue of 50,005 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. Application has been made to the Aquis Stock Exchange for the SIP Shares to be admitted to trading on the Access Segment of the AQSE Growth Market ("Admission"). It is expected that Admission will become effective on or around 8.00 a.m. on 25 October 2024.

     

    Total Voting Rights

     

    Following Admission, the Company will have 128,575,044 Ordinary Shares in issue, 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 128,575,044.

     

    This 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 Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

     

    Enquiries:

     

    OTAQ PLC

    +44 (0) 1524 748028

    Adam Reynolds, Non-Executive Chairman

     

    Phil Newby, Chief Executive Officer

    Justine Dowds, Chief Financial Officer

     

     

     

    Dowgate Capital Limited - AQSE Corporate Advisor & Broker

    +44 (0)20 3903 7715

    David Poutney / James Serjeant

    Nicholas Chambers / Russell Cook

     

     

     

    Walbrook PR Limited – PR

    +44 (0)20 7933 8780

    07971221972 or 07748325236

    Tom Cooper / Nick Rome

    OTAQ@walbrookpr.com

           

     

    About OTAQ

     

    OTAQ is a highly innovative technology company targeting the aquaculture and offshore markets. It already has a number of established products in its portfolio and is focused on further developing its presence, customer base and cross selling opportunities within core markets both organically and via acquisition.

    OTAQ’s aquaculture products, which include a sonar device (developed for Minnowtech LLC) to scan shrimp in ponds and water quality monitoring, are focused on maximising welfare and production yields. Additionally, the Company is developing a potentially game changing live plankton analysis product for finfish and shellfish farmers. It also continues to target opportunities in the acoustic deterrent devices market via its Sealfence product, which is used by salmon farmers, with global opportunities in Chile, Australia, Canada and Norway.

    OTAQ’s offshore product range includes OceanSense subsea leak detection, Eagle IP camera systems, Lander seabed survey devices and Subsea electrical connectors and penetrators. It is targeting a number of growth opportunities in new territories and has a strong client base including Expro, Amphenol and National Oilwell Varco. The Company is also focused on the development of new products through this division, with the aim of increased cross-deployment of skills and technologies into the aquaculture arena.

    The Company is also developing high accuracy location trackers for specialist applications. Having already added clients within safety and multiple participant sport/racing applications, the Company is investigating wider market potential - including opportunities in the seafood industry.

     

     

     

     

     

    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

     

    a) 

    Name 

     

    Philip Newby

    2

     

    Reason for the notification

     

    a)

     

    Position/status 

     

    Chief Executive 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

     

    a)

     

    Description of the financial instrument, type of instrument

     

    Identification code

     

    Ordinary shares of 1 penny each

     

     

    ISIN: GB00BK6JQ137

     

    b)

     

    Nature of the transaction

     

     

    Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the OTAQ SIP.

    c)

     

    Price(s) and volume(s)

     

     

    Price(s)

     

    Volume(s)

    3.00p

    Nil

    5,001

    5,001

     

     

     

    d)

     

    Aggregated information

     

     

     

    Price(s)

     

    Aggregated volume (s)

    1.5p

    10,002

     

    e)

     

    Date of the transaction

     

    21 October 2024

    f)

     

    Place of the transaction

     

    Aquis Stock Exchange (AQSE)

     

    1

     

    Details of the person discharging managerial responsibilities / person closely associated

     

    a) 

    Name 

     

    Justine Dowds

    2

     

    Reason for the notification

     

    a)

     

    Position/status 

     

    Chief Financial 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

     

    a)

     

    Description of the financial instrument, type of instrument

     

    Identification code

     

    Ordinary shares of 1 penny each

     

     

    ISIN: GB00BK6JQ137

     

    b)

     

    Nature of the transaction

     

     

    Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the OTAQ SIP.

    c)

     

    Price(s) and volume(s)

     

     

    Price(s)

     

    Volume(s)

    3.00p

    Nil

    5,001

    5,001

     

     

     

    d)

     

    Aggregated information

     

     

     

    Price(s)

     

    Aggregated volume (s)

    1.5p

    10,002

     

    e)

     

    Date of the transaction

     

    21 October 2024

    f)

     

    Place of the transaction

     

    Aquis Stock Exchange (AQSE)

     



    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
    The issuer is solely responsible for the content of this announcement.


    ISIN: GB00BK6JQ137
    Category Code: MSCH
    TIDM: OTAQ
    LEI Code: 213800CZGMYB5XTUXJ52
    Sequence No.: 354184
    EQS News ID: 2012853

     
    End of Announcement EQS News Service

    fncls.ssp?fn=show_t_gif&application_id=2012853&application_name=news&site_id=wallstreet~~~257e03b8-9cbc-48b8-b6a5-ec526abf7b8e


    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    SIP Purchase, PDMR and Total Voting Rights OTAQ Plc (OTAQ) SIP Purchase, PDMR and Total Voting Rights 21-Oct-2024 / 16:37 GMT/BST 21 October 2024 OTAQ plc ("OTAQ", or the "Company")   Share Incentive Plan Purchase   Director/PDMR Shareholding   Total Voting Rights   OTAQ plc (OTAQ.AQ), the …