6th Jun 2025 17:00
SRT MARINE SYSTEMS PLC
(AIM: SRT)
("SRT" or the "Company")
Director Grant of Share Options, Exercise of options and Sale of shares
SRT Marine Systems plc ("SRT"), a global provider of maritime domain awareness systems and technologies for security, safety and environmental protection, announces the grant of options, option exercise and share sale by executive director, Jean Francois Bonnin.
On 4th June 2025, options were granted to Jean Francois Bonnin over 500,000 ordinary shares of 0.1p each ("Ordinary Shares"), exercisable at the Company's nominal value (the "Options"). The Options vest annually in even tranches over a 5-year period and are then exercisable in four equal tranches when the Company's average mid-market closing share price exceeds each of 75p, £1.25, £1.50 and £2.00 for a period of 20 continuous business days.
On 4th June 2025, Jean Francois Bonnin exercised 175,000 Options from a grant dated 22nd May 2020 at an exercise price of 0.1p. The associated Ordinary Shares were then sold in full at an average price of 66.042p per Ordinary Share in part to satisfy associated tax obligations.
Following the above grant of Options, exercise of Options and sale of Ordinary Shares Jean Francois Bonnin holds 825,000 share Options in the Company, and in total the Company has 11,935,000 Options in issue, representing 4.8 per cent of the Company's issued share capital. Jean Francois Bonnin does not hold any Ordinary Shares in the Company.
Application has been made for the 1750,000 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 10 June 2025 ("Admission").
Following Admission, the Company will have 250,157,656 Ordinary Shares of 0.1p in issue with each share carrying the right to one vote. This is the total voting rights figure which may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Contacts: |
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SRT Marine Systems plc | www.srt-marine.com + 44 (0) 1761 409500
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Simon Tucker (CEO) |
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Louise Coates (Marketing Manager) |
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Cavendish Capital Markets Limited |
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Jonny Franklin-Adams / Teddy Whiley / Finn Gordon (Corporate Finance) | +44 (0) 20 7220 0500 |
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Tim Redfern (ECM) |
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About SRT Marine Systems plc:
SRT Marine Systems PLC is a global company which develops and provides integrated maritime surveillance, monitoring, management and safety systems used by coast guards, fishery authorities, infrastructure and vessel owners for the purposes of managing and controlling their maritime domain. Applications include security, safety, search & rescue, law enforcement, fisheries management, illegal fishing detection and environment monitoring.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||
a) | Name | Jean Francois Bonnin | |||||||||||||||
2. | Reason for the Notification | ||||||||||||||||
a) | Position/status | 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 | SRT Marine Systems plc | |||||||||||||||
b) | LEI | 2138002DF3KFXL472938 | |||||||||||||||
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 | Grant of Options over Ordinary Shares of 0.1p each in SRT Marine Systems plc. Exercisable at the nominal value. The Options vest annually in even tranches over a 5-year period and are then exercisable in four equal tranches when the average mid-market closing share price exceeds each of 75p, £1.25, £1.50 and £2.00 for a period of 20 continuous working days. and Exercise of 175,000 Options and subsequent sale of 175,000 Ordinary Shares in the Company. | |||||||||||||||
Identification code | ISIN - GB00B0M8KM36 | ||||||||||||||||
b) | Nature of the transaction | Grant of Options, Exercise of Options and Sale of Ordinary Shares. | |||||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price | See 4c) above 175,000 Ordinary Shares sold at an average price of 66.042 pence each | |||||||||||||||
e) | Date of the transaction | 6 June 2025 | |||||||||||||||
f) | Place of the transaction | LSE Re sale of Ordinary Shares | |||||||||||||||
Related Shares:
Srt Marine Sys.