DJ SIP Purchase, PDMR and Total Voting Rights
OTAQ Plc (OTAQ)
SIP Purchase, PDMR and Total Voting Rights
21-Oct-2024 / 16:37 GMT/BST
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21 October 2024
OTAQ plc
("OTAQ", or the "Company")
Share Incentive Plan Purchase
Director/PDMR Shareholding
Total Voting Rights
OTAQ plc (OTAQ.AQ), the innovative technology company targeting the aquaculture and offshore markets, received
notification on 21 October 2024 from Cytec Solutions Corporate Trustees Limited (the "SIP Trustee") in relation to the
issue and allotment of 50,005 ordinary shares of 1 penny each in the Company ("Ordinary Shares") for the benefit of
participants of the OTAQ Share Incentive Plan (the "SIP"), including Persons Discharging Managerial Responsibilities in
the Company ("PDMR") outlined below in accordance with the rules of the SIP (the "SIP Award").
The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which each participating
employee will acquire Ordinary Shares at the prevailing market price per share using contributions deducted from
pre-tax salary in each calendar month ("Partnership Shares"), with each participating employee being awarded one
Ordinary Share for each Partnership Share ("Matching Shares"), using newly issued shares.
Details of the number of Partnership Shares purchased by each of the PDMRs at a price of 3.00 pence per Ordinary Share,
and the number of Matching Shares allocated by the SIP Trustee to the PDMRs for no consideration, is set out against
their names in the table below.
Number of Number of Total beneficial holding Percentage beneficial holding
Name Title Partnership Matching Shares following Admission following Admission
Shares
Chief
Philip Newby* Executive 5,001 5,001 1,524,714 1.19%
Officer
Chief
Justine Dowds Financial 5,001 5,001 33,288 0.03%
Officer
*Philip Newby's beneficial holding includes 349,606 Ordinary Shares held by his wife, Diane Newby
The SIP Award has in part been satisfied by the issue of 50,005 new Ordinary Shares (the "SIP Shares") to the SIP Trustee. The SIP Shares shall rank pari passu in all respects with the Company's existing ordinary shares in issue. Application has been made to the Aquis Stock Exchange for the SIP Shares to be admitted to trading on the Access Segment of the AQSE Growth Market ("Admission"). It is expected that Admission will become effective on or around 8.00 a.m. on 25 October 2024.
Total Voting Rights
Following Admission, the Company will have 128,575,044 Ordinary Shares in issue, with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 128,575,044.
This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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.
The Company makes this announcement, including the notification(s) below, in accordance with the requirements of the EU Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities / person closely associated
Name
a) Philip Newby
2 Reason for the notification
a) Position/status Chief Executive Officer and PDMR
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a) Name
OTAQ plc
b) LEI
213800CZGMYB5XTUXJ52
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
Description of the financial Ordinary shares of 1 penny each
instrument, type of instrument
a)
Identification code
ISIN: GB00BK6JQ137
Nature of the transaction
b) Purchase and allocation of Partnership and Matching Shares (no
consideration), respectively, under the OTAQ SIP.
Price(s)
Volume(s)
c) Price(s) and volume(s)
3.00p 5,001
Nil 5,001
Aggregated information Price(s)
d) Aggregated volume (s)
1.5p 10,002
e) Date of the transaction
21 October 2024
f) Place of the transaction
Aquis Stock Exchange (AQSE)
1 Details of the person discharging managerial responsibilities / person closely associated
Name
a) Justine Dowds
2 Reason for the notification
a) Position/status Chief Financial Officer and PDMR
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a) Name
OTAQ plc
b) LEI
213800CZGMYB5XTUXJ52
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
Description of the financial Ordinary shares of 1 penny each
instrument, type of instrument
a)
Identification code
ISIN: GB00BK6JQ137
Nature of the transaction
b) Purchase and allocation of Partnership and Matching Shares (no
consideration), respectively, under the OTAQ SIP.
Price(s)
Volume(s)
c) Price(s) and volume(s)
3.00p 5,001
Nil 5,001
Aggregated information Price(s)
d) Aggregated volume (s)
1.5p 10,002
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