SRT Marine Systems PLC Grant of Share Options (1339O)
27 Maggio 2020 - 6:30PM
UK Regulatory
TIDMSRT
RNS Number : 1339O
SRT Marine Systems PLC
27 May 2020
SRT MARINE SYSTEMS PLC
("SRT" or the "Company")
Grant of Share Options
SRT Marine Systems plc, a global provider of maritime
surveillance, monitoring and management systems, announces that
share options have been granted to Executive and Non-Executive
Directors (the "Options").
Richard Hurd, CFO, has been granted Options over 600,000
ordinary shares ("Ordinary Shares"), and Neil Peniket, COO, has
been granted Options over 1,200,000 Ordinary Shares. The Options
are exercisable at the nominal value of 0.1p and vest in four equal
tranches when the closing share price has exceeded each of, 75p,
125p, 150p and 200p.
In addition Kevin Finn, Non-Exec Chairman, has been granted
Options over 1,000,000 Ordinary Shares and Simon Barrell, Non-Exec
Director, has been granted Options over 300,000 shares. The Options
are exercisable at a price of 32.5p, being the closing share price
on the day of Option grant, 27 May 2020, and vest in four equal
tranches when the closing share price has exceeded each of, 75p,
125p, 150p and 200p.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
For further information, please contact:
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 / Richard Chambers (ECM)
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.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
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) LEI 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 Options over Ordinary Shares of 0.1p each
of the financial
instrument,
type of instrument
GB00B0M8KM36
Identification
code
--------------------- ------------------------------------------
b) Nature of the Issue of options over ordinary shares of
transaction 0.1p each
--------------------- ------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 0.1p exercise
price 600,000
----------
--------------------- ------------------------------------------
d) Aggregated
information n/a
- Aggregated
volume
- Price
--------------------- ------------------------------------------
e) Date of the 27 May 2020
transaction
--------------------- ------------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
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) LEI 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 Options over Ordinary Shares of 0.1p each
of the financial
instrument,
type of instrument
GB00B0M8KM36
Identification
code
--------------------- ------------------------------------------
b) Nature of the Issue of options over ordinary shares of
transaction 0.1p each
--------------------- ------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 0.1p exercise
price 1,200,000
----------
--------------------- ------------------------------------------
d) Aggregated
information n/a
- Aggregated
volume
- Price
--------------------- ------------------------------------------
e) Date of the 27 May 2020
transaction
--------------------- ------------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Kevin Finn
--------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status Non-Executive Chairman
--------------------- ------------------------------------------
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 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 Options over Ordinary Shares of 0.1p each
of the financial
instrument,
type of instrument
GB00B0M8KM36
Identification
code
--------------------- ------------------------------------------
b) Nature of the Issue of options over ordinary shares of
transaction 0.1p each
--------------------- ------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 32.5p exercise
price 1,000,000
----------
--------------------- ------------------------------------------
d) Aggregated
information n/a
- Aggregated
volume
- Price
--------------------- ------------------------------------------
e) Date of the 27 May 2020
transaction
--------------------- ------------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Simon Barrell
--------------------- ------------------------------------------
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 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 Options over Ordinary Shares of 0.1p each
of the financial
instrument,
type of instrument
GB00B0M8KM36
Identification
code
--------------------- ------------------------------------------
b) Nature of the Issue of options over ordinary shares of
transaction 0.1p each
--------------------- ------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 32.5p exercise
price 300,000
----------
--------------------- ------------------------------------------
d) Aggregated
information n/a
- Aggregated
volume
- Price
--------------------- ------------------------------------------
e) Date of the 27 May 2020
transaction
--------------------- ------------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- ------------------------------------------
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
DSHKKOBBABKDOPB
(END) Dow Jones Newswires
May 27, 2020 12:30 ET (16:30 GMT)
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