DJ Result of Annual General Meeting
OTAQ Plc (OTAQ)
Result of Annual General Meeting
31-Jul-2024 / 11:28 GMT/BST
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OTAQ PLC
("OTAQ" or the "Company")
Result of Annual General Meeting
OTAQ plc (OTAQ.AQ), the innovative technology company targeting the aquaculture and offshore markets, announces that at
the Annual General Meeting held earlier today, all resolutions were duly passed. Resolutions 1 to 10 were passed as
ordinary resolutions and resolutions 11 and 12 were passed as special resolutions. The proxy votes received from
shareholders in respect of each resolution are set out below.
For Against
For Total Votes
(% of Against (% of number of Withheld
votes votes votes cast
cast) cast)
Ordinary resolutions
To receive, consider and adopt the Directors'
1 Report and the Company's Annual Accounts for the 80,951,190 99.98% 20,000 0.02% 80,971,190 Nil
financial year ended 31 December 2023
2 To re-elect Sarah Emily Stoten as a Director of 80,951,190 99.98% 20,000 0.02% 80,971,190 Nil
the Company
3 To re-elect Justine Dowds as a Director of the 80,951,190 99.98% 20,000 0.02% 80,971,190 Nil
Company
4 To re-elect Giles Timothy Clifford as a Director 80,951,190 99.98% 20,000 0.02% 80,971,190 Nil
of the Company
5 To re-elect Philip David Newby as a Director of 80,951,190 99.98% 20,000 0.02% 80,971,190 Nil
the Company
6 To re-elect Adam Reynolds as a Director of the 80,951,190 99.98% 20,000 0.02% 80,971,190 Nil
Company
7 To re-elect Harald Volker Rotsch as a Director of 80,951,190 99.98% 20,000 0.02% 80,971,190 Nil
the Company
To reappoint Azets Audit Services LLP as the
Company's auditors to hold office from the
8 conclusion of this meeting until the conclusion of 80,971,190 100.00% Nil Nil 80,971,190 Nil
the next general meeting at which accounts are
laid before the Company
9 To authorise the Directors to determine the 80,951,190 99.98% 20,000 0.02% 80,971,190 Nil
remuneration of the auditors
To empower the Directors to allot securities up to
10 an aggregate nominal amount of GBP428,019.72 80,951,190 99.98% 20,000 0.02% 80,971,190 Nil
pursuant to the authority given under section 551
of the Companies Act 2006 (the "Act")
Special resolutions
To approve the general disapplication of
pre-emption rights, up to an aggregate nominal
11 amount of GBP128,405.92 pursuant to the authority 80,951,190 99.98% 20,000 0.02% 80,971,190 Nil
given in accordance with section 551 of the Act,
as if section 561 of the Act did not apply to the
allotment
To approve the specific disapplication of
pre-emption rights, up to a further aggregate
12 nominal amount of GBP128,405.92 pursuant to the 80,951,190 99.98% 20,000 0.02% 80,971,190 Nil
authority given in accordance with section 551 of
the Act, as if section 561 of the Act did not
apply to the allotment
Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' and 'against' a resolution or the total number of votes cast.
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
+44 (0)20 7933 8780
Walbrook PR Limited - PR
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.
----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: GB00BK6JQ137 Category Code: RAG TIDM: OTAQ LEI Code: 213800CZGMYB5XTUXJ52 Sequence No.: 337729 EQS News ID: 1958223 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
July 31, 2024 06:29 ET (10:29 GMT)
