Business
Exercise of Options, PDMR Dealings & TVR
Exercise of Options, PDMR Dealings & TVR.
About this update from Srt Marine Systems Plc
[{"type":"text","content":"\n \n \n RNS Number : 3698M\n SRT Marine Systems PLC\n 11 May 2020\n \n \n \n \n \n \n \n SRT MARINE SYSTEMS PLC\n \n \n \n (\"SRT\" \n \n or the \"Company\")\n \n \n Exercise of Options, PDMR Dealings and Total Voting Rights\n \n \n \n \n \n SRT Marine Systems PLC (SRT), a global provider of maritime surveillance, monitoring and management systems, announces that it was notified on 7 May 2020 Simon Tucker, Chief Executive Officer of the Company, has exercised share options (\"Share Options\") over a total of 2,200,000 ordinary shares of 0.1 pence each in the Company (\"Ordinary Shares\") at a strike price of £0.09 pence each. \n \n \n Subsequently on 7 May 2020, Mr Tucker, sold 1,100,000 Ordinary Shares to finance the direct exercise share purchase costs of £198,000 and associated tax liabilities. The completion of the transaction will result in the Company receiving £198,000 in cash and Mr Tucker's share ownership in SRT increasing to 2,707,440 million ordinary shares. \n \n \n \n Details of the Share Options and Sale are as follows:\n \n \n \n \n \n Name\n \n \n \n \n No. of Share Options exercised\n \n \n \n \n Exercise price\n \n \n \n \n No. of Ordinary Shares sold\n \n \n \n \n Price at which Ordinary Shares were sold\n \n \n \n \n Resultant number of Ordinary Shares held\n \n \n \n \n Resultant interest in Ordinary Shares following Admission\n \n \n \n \n \n \n Simon Tucker\n \n \n \n \n 2,200,000\n \n \n \n \n 9p\n \n \n \n \n 1,100,000\n \n \n \n \n 32p\n \n \n \n \n 2,707,440\n \n \n \n \n 1.64%\n \n \n \n \n \n \n \n \n Application will be made for the new Ordinary Shares to be admitted to trading on AIM (\"Admission\"). Admission is expected to take place at 8.00 a.m. on 14 May 2020. \n \n \n Following Admission, there will be 164,251,939 Ordinary Shares in issue with each Ordinary Share carrying the right to one vote. This is the total voting rights figure which may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n \n \n \n \n \n \n \n \n For further information, please contact:\n \n \n \n \n \n \n \n \n \n \n \n \n \n SRT Marine Systems plc\n...