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OTAQ.L (OTAQ) Share News

IN BRIEF: OTAQ shareholders approve AQSE Growth Market cancellation

10th Dec 2024 14:30

OTAQ PLC - London-based marine technology company - Shareholders approve cancellation of shares from the Aquis Stock Exchange Growth Market in London. 96.7% of shares vote in favour of cancellation at the general meeting. Cancellation of admission will become effective on December 23. Shareholders vote in favour of the company being re-registered as a private limited company under the name OTAQ Ltd. Read More

IN BRIEF: OTAQ revenue to underperform against market forecasts

13th Nov 2024 14:30

OTAQ PLC - London-based marine technology company - Expects revenue for 2024 to be below current market forecasts. It explains that some order have taken longer to convert and are now not expected to be completed until 2025. While its Offshore unit is continuing to work on several new orders and will meet management expectations for 2024, OTAQ's Aquaculture division has seen new sales prospects defer the decision to place firm orders. Meanwhile, the company is evaluating further potential cost savings after it has taken action to restructure the business over the recent weeks. Read More

UK shareholder meetings calendar - next 7 days

24th Jul 2024 14:45

IN BRIEF: OTAQ signs contract with Ireland seafood development agency

12th Jun 2024 07:00

OTAQ PLC - Lancaster, England-based technology for aquaculture and other offshore markets, including sonar monitoring and subsea leak detection - Wins contract with Bord Iascaigh Mhara, Ireland's seafood development agency, for two of its Live Plankton Analysis System units, on an initial rental through the end of this year. OTAQ doesn't provide the value of the contract. One of the LPAS units will be used by an unnamed "global seafood producer" that has seen algae blooms reduce stocks at its Irish sites in recent years. The system uses artificial intelligence technology to automate the identification and quantification of harmful algae and streamline monitoring, OTAQ explains. Read More

IN BRIEF: OTAQ shares surge as announces fundraise; trading sound

17th May 2024 21:34

OTAQ PLC - London-based marine technology company - Says trading in first quarter of 2024 "has been encouraging", with revenue 19% higher than a year ago. "The Offshore Products division has maintained the positive performance seen in 2023. Aquaculture has also seen a number of positive developments. The company's sonar shrimp system developed for Minnowtech LLC, is now gaining traction in its target markets," OTAQ says. Further, proposes up to GBP2.0 million fundraise via placing of convertible loan notes. The notes will be redeemable after three years, with a cash coupon of 10% per year. The placing will require shareholder approval. Read More

OTAQ appoint Justine Dowds as new chief financial officer

10th Apr 2024 16:52

(Alliance News) - OTAQ PLC announced on Wednesday the appointment of Justine Dowds as chief financial officer with immediate effect. Read More

TRADING UPDATES: Fidelity Japan swings to return, Oqtec loss widens

1st Aug 2023 18:20

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

IN BRIEF: OTAQ names interim finance chief with incumbent to move on

25th Jul 2023 12:07

OTAQ PLC - Lancaster, England-based marine technology company, focused on offshore oil and gas industries and aquaculture - Chief Financial Officer Matt Enright resigns effective July 31, to assume a new role outside OTAQ. He was hired as CFO in April 2020. OTAQ appoints Justine Dowds, previously managing director at GB3 Ltd until May, as interim CFO. Dowds was also finance director at Pool Aviation Ltd from 2007 to 2015, and prior to that was financial controller at United Utilities Group PLC and an accountant at AstraZeneca PLC. Enright says: "I believe the company is now well placed to benefit from the investments in resource and products made over the past three years, placing OTAQ on a sound growth path." Read More

UK shareholder meetings calendar - next 7 days

8th Jun 2023 15:49

Otaq posts higher loss in nine months than in financial 2022

19th May 2023 11:59

(Alliance News) - Otaq PLC on Friday reported figures for the nine months to December 31, compared to financial year 2022 which ended on March 31, 2022. Read More

OTAQ reports healthy order book; expects strong second quarter

24th Apr 2023 10:12

(Alliance News) - OTAQ PLC on Monday said it was trading in line with expectations ahead of the release of its nine-month earnings. Read More

IN BRIEF: Otaq appoints Belluscura, MyHealthChecked chair in same role

21st Nov 2022 14:39

Otaq - Lancaster, England-based marine technology for offshore oil and gas industries and aquaculture - Appoints Adam Reynolds as chair, effective immediately. Reynolds is chair at medical device developer Belluscura PLC and Cardiff-based healthcare company MyHealthChecked PLC. He replaces Alex Hambro, who leaves Otaq immediately. Read More

OTAQ loss narrows as Offshore arm sees increased rental contracts

18th Nov 2022 10:35

(Alliance News) - OTAQ PLC on Friday said its pretax loss narrowed in the first half of its financial year, following a rise in sales for the company's Offshore division. Read More

IN BRIEF: OTAQ moves listing to AQSE from London Main Market

9th Nov 2022 14:16

OTAQ PLC - Lancaster, England-based marine technology for offshore oil and gas industries and aquaculture - Shares are listed on Aquis Stock Exchange on Wednesday, moving from the London Main Market in a switch announced in mid-October. At the time OTAQ said it would raise up to GBP3.6 million in a share offer as part of the AQSE listing. Read More

IN BRIEF: OTAQ shares plunge on planned switch from LSE to AQSE

12th Oct 2022 10:28

OTAQ PLC - Lancaster-based producer of marine technology for offshore oil and gas industries - Shares plunge as firm plans to cancel its listing on the London Main Market and start trading on the AQSE Growth Market. Expects admission of shares to become effective and dealings in shares will start on the AQSE Growth Market at 0800 GMT on November 9. Raises GBP2.0 million via firm placing of 50.0 million shares at 4.0 pence each. Read More

OTAQ shares jump but board unaware of reason for price movement

20th Sep 2022 14:28

(Alliance News) - OTAQ PLC shares surged on Tuesday, though its board said that it was not aware of any reason for the stock price movement. Read More

SMALL-CAP WINNERS & LOSERS: Hostelworld rises as bookings surge

12th Jul 2022 10:47

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More

OTAQ shares up on deal to supply technology to Chilean salmon producer

12th Jul 2022 10:21

(Alliance News) - OTAQ PLC on Tuesday said it has signed a deal with a "leading" salmon & sea trout producer in Chile, sending its shares upwards. Read More

IN BRIEF: OTAQ signs deal with with aquaculture innovator Sensor Globe

9th Jun 2022 14:30

OTAQ PLC - Lancaster-based producer of marine technology for offshore oil and gas industries - Signs agreement with Canadian aquaculture technology innovator Sensor Globe. Multi-year contract aims for OTAQ to distribute Sensor Globe's data collection solution, which monitors water quality & fish welfare, to customers in Scotland and Chile. The countries are two of the world's largest producers of farmed salmon, OTAQ says. Read More

TRADING UPDATES: Strong performances from Goodwin, Character Group

15th Dec 2021 17:06

TRADING UPDATES: Strong performances from Goodwin, Character Group Read More

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