DJ Director/PDMR Shareholding
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.
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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.
Name Title Number of Shares Share Holding post Percentage Share Holding Number of Warrants post
Acquired transaction post transaction transaction
Philip Newby Chief Executive 500,000 1,375,820 1.08% 125,000
Officer
Alex Hambro Non-Executive 375,000 687,273 0.54% 93,750
Chairman
George Watt Non-Executive 393,728 604,638 0.47% 98,432
Director
Sarah Stoten Non-Executive 625,000 993,648 0.78% 156,250
Director
Enquiries
OTAQ plc +44 (0)1524 748028 Alex Hambro, Non-Executive Chairman Phil Newby, Chief Executive Officer Matt Enright, Chief Financial Officer Dowgate Capital Limited - AQSE Corporate Adviser & Broker +44 (0)20 3903 7715 David Poutney / James Serjeant Russell Cook / Nicholas Chambers Walbrook PR Limited - PR +44 (0)20 7933 8780 or OTAQ@walbrookpr.com Tom Cooper / Nick Rome 07971221972 or 07748325236
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.
1 Details of the person discharging managerial responsibilities / person closely associated
Name 1. Philip Newby
a) 2. Alex Hambro
3. George Watt
4. Sarah Stoten
2 Reason for the notification
1. Chief Executive Officer and PDMR
2. Non-Executive Chairman and PDMR
Position/status
a) 3. Non-Executive Director and PDMR
4. Non-Executive Director and PDMR
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a) Name
OTAQ plc
b) LEI
213800CZGMYB5XTUXJ52
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
Ordinary shares of 1 penny each
Description of the financial instrument, type of
instrument
a)
Identification code
ISIN: GB00BK6JQXXX
Nature of the transaction
b)
Purchase of ordinary shares
Price Volume(s)
Price(s) and volume(s) 1. 4p 500,000
c) 2. 4p
3. 4p 375,000
4. 4p
393,728
625,000
Aggregated information
d)
e) Date of the transaction
09 November 2022
f) Place of the transaction
AQSE
1 Details of the person discharging managerial responsibilities / person closely associated
Name 1. Philip Newby
a) 2. Alex Hambro
3. George Watt
4. Sarah Stoten
2 Reason for the notification
1. Chief Executive Officer and PDMR
Position/status 2. Non-Executive Chairman and PDMR
a) 3. Non-Executive Director and PDMR
4. Non-Executive Director and PDMR
b) Initial notification /Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a) Name
OTAQ plc
b) LEI
213800CZGMYB5XTUXJ52
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
Warrants to subscribe for ordinary shares
Description of the financial instrument,
type of instrument
a)
Identification code
n/a
Nature of the transaction
b) Grant of warrants connected to purchase of shares in Open
Offer and Share Placing
Exercise Price
Volume(s)
1. 12p
Price(s) and volume(s) 125,000
c) 2. 12p
93,750
3. 12p
98,432
4. 12p
156,250
Aggregated information
d)
e) Date of the transaction
09 November 2022
f) Place of the transaction
AQSE
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ISIN: GB00BK6JQXXX Category Code: MSCL TIDM: OTAQ LEI Code: 213800CZGMYB5XTUXJ52 Sequence No.: 199994 EQS News ID: 1483435 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
November 09, 2022 08:47 ET (13:47 GMT)
