Business
Exercise of Options, PDMR Dealings and TVR
Exercise of Options, PDMR Dealings and TVR.
About this update from Srt Marine Systems Plc
[{"type":"text","content":"\n \nRNS Number : 9626V SRT Marine Systems PLC 11 April 2019 \n\nSRT MARINE SYSTEMS PLC\n(AIM: SRT)\n(\"SRT\" or the \"Company\")\n \nExercise of Options, PDMR Dealings and Total Voting Rights\n \nSRT Marine Systems PLC (SRT), a global provider of maritime surveillance, monitoring and management systems, announces that it was notified on 10 April 2019 that certain Directors of the Company, have exercised share options (\"Share Options\") over a total of 1,375,000 ordinary shares of 0.1 pence each in the Company (\"Ordinary Shares\"). The share options were granted in 2009 and were due to expire unless exercised by July 2019. \n \nSubsequently on 11 April 2019, Mr Peniket, Chief Operating Officer of the Company, sold 200,000 Ordinary Shares to finance the associated purchase costs and tax liabilities upon exercise of the Share Options (the \"Sale\").\n \nDetails of the Share Options and Sale are as follows:\n \n\n\n\n\nName\n\n\nNo. of Share Options exercised\n\n\nExercise price\n\n\nNo. of Ordinary Shares sold\n\n\nPrice at which Ordinary Shares were sold\n\n\nResultant number of Ordinary Shares held\n\n\nResultant interest in Ordinary Shares following Admission\n\n\n\n\nRichard Hurd\n\n\n75,000\n\n\n2.5p\n\n\n-\n\n\nn/a\n\n\n100,000\n\n\n0.06%\n\n\n\n\nNeil Peniket\n\n\n1,300,000\n\n\n2.5p\n\n\n200,000\n\n\n32.5p\n\n\n1,100,000\n\n\n0.71%\n\n\n\n\n \n \nApplication has been 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 17 April 2019. \n \nFollowing Admission, there will be 154,632,419 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\nFor further information, please contact:\n\n\n \n\n\n\n\nSRT Marine Systems plc\n\n\nwww.srt-marine.com \n+ 44 (0) 1761 409500\n \n\n\n\n\nSimon Tucker (CEO)\n\n\[email protected]\n\n\n\n\nLouise Coates (Marketing Manager)\n\n\[email protected]\n \n\...