OTAQ.L Regulatory News (OTAQ)

OTAQ plc

("OTAQ", or the "Company")

Director / PDMR Shareholding

OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, has been informed that on 09 February 2021 Alex Hambro, the Non-Executive Chairman and a person discharging managerial responsibilities, purchased 30,714 ordinary shares of 15 pence each in the Company ("Ordinary Shares") at a price of 31.69 pence per Ordinary Share.

Alex Hambro now has a total beneficial interest in 185,000 Ordinary Shares (of which 45,000 are held in his SIPP), equivalent to approximately 0.61 per cent. of the Company's issued share capital.

Contacts:

About OTAQ

OTAQ is a highly innovative marine technology company focused on the marine aquaculture, offshore energy, renewables and oceanographic research sectors. It operates 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, Sealfence, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia.

The Company's Oceansense leak detection systems have a global reputation as the industry standard solution and have been deployed successfully on hundreds of jobs. OTAQ's 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 and manufacture of underwater connectors, penetrators and 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. Concurrently, OTAQ seeks to expand its technology portfolio through acquisitive growth, with the aim of further expanding its aquaculture and offshore product offering.

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.