Last checked at 27 May 2020 17:30
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SRT MARINE SYSTEMS PLC
("SRT" or the "Company")
Grant of Share Options
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SRT Marine Systems plc, a global provider of maritime surveillance, monitoring and management systems, announces that share options have been granted to Executive and Non-Executive Directors (the "Options").
Richard Hurd, CFO, has been granted Options over 600,000 ordinary shares ("Ordinary Shares"), and Neil Peniket, COO, has been granted Options over 1,200,000 Ordinary Shares. The Options are exercisable at the nominal value of 0.1p and vest in four equal tranches when the closing share price has exceeded each of, 75p, 125p, 150p and 200p.
In addition Kevin Finn, Non-Exec Chairman, has been granted Options over 1,000,000 Ordinary Shares and Simon Barrell, Non-Exec Director, has been granted Options over 300,000 shares. The Options are exercisable at a price of 32.5p, being the closing share price on the day of Option grant, 27 May 2020, and vest in four equal tranches when the closing share price has exceeded each of, 75p, 125p, 150p and 200p.
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The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
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For further information, please contact: | Â | |
SRT Marine Systems plc | www.srt-marine.com + 44 (0) 1761 409500 | |
Simon Tucker (CEO) | simon.tucker@srt-marine.com | |
Louise Coates (Marketing Manager) | louise.coates@srt-marine.com | |
 |  | |
finnCap Ltd | Â | |
Jonny Franklin-Adams / Teddy Whiley (Corporate Finance) | +44 (0) 20 7220 0500 | |
Tim Redfern / Richard Chambers (ECM) | Â | Â |
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 About SRT Marine Systems plc:
SRT develops, manufactures and supplies maritime surveillance and vessel tracking technologies, products and systems. The Company's products and solutions are used by individual vessel owners, port authorities, maritime infrastructure owners, coast guards, fishery agencies and other national security agencies to enhance their maritime domain awareness, monitoring and management capabilities. Applications include the tracking of commercial and leisure vessels; sustainable fishery; anti-collision; search and rescue; waterway management, port and coast security; pollution management; and environmental management.Â
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.Â
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Richard Hurd  | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) Â | Initial notification /Amendment | Initial notification | ||||
3 Â | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | SRT Marine Systems Plc | ||||
b) | LEI | 2138002DF3KFXL472938 | ||||
4 Â | 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 | Options over Ordinary Shares of 0.1p each   GB00B0M8KM36  | ||||
b) | Nature of the transaction | Issue of options over ordinary shares of 0.1p each  | ||||
c) | Price(s) and volume(s) |
 | ||||
d) | Aggregated information - Aggregated volume - Price | Â n/a | ||||
e) | Date of the transaction | 27 May 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Neil Peniket | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating Officer | ||||
b) Â | Initial notification /Amendment | Initial notification | ||||
3 Â | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | SRT Marine Systems Plc | ||||
b) | LEI | 2138002DF3KFXL472938 | ||||
4 Â | 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 | Options over Ordinary Shares of 0.1p each   GB00B0M8KM36  | ||||
b) | Nature of the transaction | Issue of options over ordinary shares of 0.1p each  | ||||
c) | Price(s) and volume(s) |
 | ||||
d) | Aggregated information - Aggregated volume - Price | Â n/a | ||||
e) | Date of the transaction | 27 May 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Kevin Finn | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Chairman | ||||
b) Â | Initial notification /Amendment | Initial notification | ||||
3 Â | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | SRT Marine Systems Plc | ||||
b) | LEI | 2138002DF3KFXL472938 | ||||
4 Â | 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 | Options over Ordinary Shares of 0.1p each   GB00B0M8KM36  | ||||
b) | Nature of the transaction | Issue of options over ordinary shares of 0.1p each  | ||||
c) | Price(s) and volume(s) |
 | ||||
d) | Aggregated information - Aggregated volume - Price | Â n/a | ||||
e) | Date of the transaction | 27 May 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Simon Barrell | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Director | ||||
b) Â | Initial notification /Amendment | Initial notification | ||||
3 Â | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | SRT Marine Systems Plc | ||||
b) | LEI | 2138002DF3KFXL472938 | ||||
4 Â | 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 | Options over Ordinary Shares of 0.1p each   GB00B0M8KM36  | ||||
b) | Nature of the transaction | Issue of options over ordinary shares of 0.1p each  | ||||
c) | Price(s) and volume(s) |
 | ||||
d) | Aggregated information - Aggregated volume - Price | Â n/a | ||||
e) | Date of the transaction | 27 May 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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