26 Aug 2020 07:00
OTAQ plc
('OTAQ' or the 'Company')
Director Dealings
OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, announces that on 25 August 2020, Alex Hambro, Non-Executive Chairman, purchased 57,620 ordinary shares of 15 pence each in the Company ("Ordinary Shares") at a price of 35p per Ordinary Share, of which, 14,286 Ordinary Shares were purchased through his SIPP. Alex Hambro now holds a total beneficial interest in 154,286 Ordinary Shares, equivalent to approximately 0.50 per cent. of the Company's total voting rights. Additionally, also on 25 August 2020, George Watt, Non-Executive Director, purchased 70,000 Ordinary Shares at a price of 35p per Ordinary Share. George Watt now holds a total beneficial interest in 120,000 Ordinary Shares, equivalent to approximately 0.39 per cent. of the Company's total voting rights.
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
Contacts:
OTAQ plc | Via Walbrook |
Alex Hambro, Non-Executive Chairman |
|
Phil Newby, Chief Executive Officer |
|
|
|
Dowgate Capital Ltd (Broker & Adviser) | 020 3903 7715 |
James Serjeant |
|
|
|
Walbrook PR Ltd | Tel: 020 7933 8780 or Otaq@walbrookpr.com |
Tom Cooper/Nick Rome/Nicholas Johnson | 0797 122 1972 or 07748 325 236 or 07884 664 686 |
About OTAQ:
OTAQ is a highly innovative marine technology company focused on the marine aquaculture, offshore energy, renewables and oceanographic research sectors. It has 36 employees in four worldwide locations: Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile. OTAQ's marine technology portfolio includes a market-leading intelligent acoustic deterrent system, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia.
The Oceansense leak detection systems have a global reputation as the industry standard solution and have been deployed successfully on hundreds of jobs. The Dragonfish laser measurement system is fast becoming recognised as one of the most accurate underwater precision laser measurement systems available. OTAQ also has significant experience in the design & manufacture of underwater connectors, penetrators & communication systems.
It seeks to develop and continuously improve its products using its specialist mechanical, electronic and software engineers with decades of experience in bringing underwater technology products to market.
OTAQ is proud to be fully ISO 9001;2015 accredited through DNV-GL. ISO 9001 is an internationally recognised quality management system and demonstrates OTAQ's commitment to consistency, continual improvement and customer satisfaction. The certification also demonstrates its ability to consistently deliver products and services to market whilst meeting statutory and regulatory requirements by applying an effective quality management system.
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Alex Hambro | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Non-Executive Chairman | ||||
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 | |||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of 15 pence each
ISIN Code: GB00BK6JQ137 | ||||
b) | Nature of the transaction: | Acquisition of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 25/08/2020 | ||||
f) | Place of the transaction: | London Stock Exchange | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | George Watt | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Non-Executive Director | ||||
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 | |||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of 15 pence each
ISIN Code: GB00BK6JQ137 | ||||
b) | Nature of the transaction: | Acquisition of Ordinary Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | N/A | ||||
e) | Date of the transaction: | 25/08/2020 | ||||
f) | Place of the transaction: | London Stock Exchange | ||||