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OTAQ Plc (OTAQ)
Director/PDMR Shareholding
09-Nov-2022 / 13:47 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
OTAQ plc
("OTAQ", the "Company" or the "Group")
Director/PDMR Shareholding
OTAQ, the innovative technology company targeting the aquaculture, geotracking and offshore markets, announces the following share purchases by Persons Discharging Managerial Responsibilities of the Company ("PDMR") through their participation in the recent Open Offer and Placings as previously disclosed.
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Name
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Title
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Number of Shares Acquired
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Share Holding post transaction
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Percentage Share Holding post transaction
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Number of Warrants post transaction
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Philip Newby
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Chief Executive Officer
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500,000
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1,375,820
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1.08%
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125,000
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Alex Hambro
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Non-Executive Chairman
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375,000
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687,273
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0.54%
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93,750
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George Watt
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Non-Executive Director
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393,728
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604,638
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0.47%
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98,432
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Sarah Stoten
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Non-Executive Director
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625,000
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993,648
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0.78%
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156,250
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Enquiries
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OTAQ plc
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+44 (0)1524 748028
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Alex Hambro, Non-Executive Chairman
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Phil Newby, Chief Executive Officer
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Matt Enright, Chief Financial Officer
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Dowgate Capital Limited – AQSE Corporate Adviser & Broker
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+44 (0)20 3903 7715
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David Poutney / James Serjeant
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Russell Cook / Nicholas Chambers
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Walbrook PR Limited - PR
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+44 (0)20 7933 8780 or OTAQ@walbrookpr.com
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Tom Cooper / Nick Rome
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07971221972 or 07748325236
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About OTAQ
OTAQ is a highly innovative technology company targeting the aquaculture, geotracking 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.
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.
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 makes this announcement, including the notification(s) below, in accordance with the requirements of the EU Market Abuse Regulation.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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- Philip Newby
- Alex Hambro
- George Watt
- Sarah Stoten
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2
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Reason for the notification
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a)
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Position/status
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- Chief Executive Officer and PDMR
- Non-Executive Chairman and PDMR
- Non-Executive Director and PDMR
- Non-Executive Director and PDMR
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b)
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Initial notification /Amendment
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Initial Notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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OTAQ plc
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b)
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LEI
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213800CZGMYB5XTUXJ52
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 1 penny each
ISIN: GB00BK6JQ137
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b)
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Nature of the transaction
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Purchase of ordinary shares
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c)
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Price(s) and volume(s)
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Price
- 4p
- 4p
- 4p
- 4p
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Volume(s)
500,000
375,000
393,728
625,000
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d)
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Aggregated information
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e)
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Date of the transaction
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09 November 2022
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f)
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Place of the transaction
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AQSE
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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- Philip Newby
- Alex Hambro
- George Watt
- Sarah Stoten
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2
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Reason for the notification
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a)
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Position/status
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- Chief Executive Officer and PDMR
- Non-Executive Chairman and PDMR
- Non-Executive Director and PDMR
- Non-Executive Director and PDMR
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b)
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Initial notification /Amendment
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Initial Notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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OTAQ plc
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b)
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LEI
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213800CZGMYB5XTUXJ52
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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Warrants to subscribe for ordinary shares
n/a
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b)
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Nature of the transaction
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Grant of warrants connected to purchase of shares in Open Offer and Share Placing
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c)
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Price(s) and volume(s)
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Exercise Price
1. 12p
2. 12p
3. 12p
4. 12p
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Volume(s)
125,000
93,750
98,432
156,250
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d)
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Aggregated information
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e)
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Date of the transaction
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09 November 2022
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f)
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Place of the transaction
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AQSE
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