SRT Srt Marine Systems Plc

TIDMSRT

RNS Number : 2215K

SRT Marine Systems PLC

20 April 2020

SRT MARINE SYSTEMS PLC

("SRT" or the "Company")

Director/PDMR Shareholding

SRT notes that as a result of his participation in the latest fundraise, Mr Simon Tucker, Chief Executive Officer of the Company has acquired 400,000 new ordinary shares of 0.1p each in SRT at a price of 25 pence per share.

Following this acquisition, Mr. Tucker is interested in 1,607,440 ordinary shares, representing c.1 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                                 Simon Tucker 
                                           -------------------------------------- 
  2    Reason for the notification 
----  --------------------------------------------------------------------------- 
 a)    Position/status                      Chief Executive 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)    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 of                       Ordinary Shares of 0.1p each in SRT 
        the financial                        Marine Systems plc 
        instrument, type 
        of instrument                        ISIN - GB00B0M8KM36 
        Identification 
        code 
----                                       -------------------------------------- 
 b)    Nature of the                        Placing participation 
        transaction 
----                                       -------------------------------------- 
 c)    Price(s) and                         Price(s)                Volume(s) 
        volume(s) 
                                             25p per share           400,000 
----                                       ----------------------  -------------- 
 d)    Aggregated information 
----  -----------------------------------  -------------------------------------- 
  - Aggregated 
   volume                                   400,000 
 ----------------------------------------  -------------------------------------- 
  - Price                                   GBP100,000.00 
 ----------------------------------------  -------------------------------------- 
 e)    Date of the transaction              14/04/2020 
----                                       -------------------------------------- 
 f)    Place of the                         London Stock Exchange, AIM 
        transaction 
----                                       -------------------------------------- 
 
 
 
Contacts: 
 
 SRT Marine Systems plc                                www.srt-marine.com 
                                                     + 44 (0) 1761 409500 
 Simon Tucker (CEO)                          simon.tucker@s rt-marine.com 
 Louise Coates (Marketing Manager)          louise.coates@s rt-marine.com 
 
 finnCap Ltd 
 Jonny Franklin-Adams / Teddy Whiley 
  (Corporate Finance)                                +44 (0) 20 7220 0500 
 Tim Redfern (Equity Capital Markets) 
 
 
 
 

About SRT Marine Systems plc:

SRT develops, manufactures and supplies maritime surveillance and vessel tracking technologies, products and systems. The Company's products and solutions are used by individual vessel owners, port authorities, maritime infrastructure owners, coast guards, fishery agencies and other national security agencies to enhance their maritime domain awareness, monitoring and management capabilities. 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.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. In addition, market soundings (as defined in MAR) were taken in respect of the Placing with the result that certain persons became aware of inside information (as defined in MAR), as permitted by MAR. This inside information is set out in this Announcement. Therefore, those persons that received inside information in a market sounding are no longer in possession of such inside information relating to the Company and its securities. The person responsible for this announcement is Richard Hurd, Chief Financial Officer of SRT.

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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