DJ Result of Annual General Meeting
OTAQ Plc (OTAQ) Result of Annual General Meeting 15-Jun-2023 / 14:50 GMT/BST
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OTAQ PLC
("OTAQ" or the "Company")
Result of Annual General Meeting
OTAQ plc (OTAQ.AQ), the innovative technology company targeting the aquaculture, geotracking and offshore markets, announces that at the Annual General Meeting held earlier today, all resolutions were duly passed. Resolutions 1-11 were passed as ordinary resolutions and resolutions 12-14 were passed as special resolutions. The proxy votes received from shareholders on each resolution are set out below.
For Against Votes
For Total cast (%
Resolutions (% of Against (% of number of of Votes
(incl. votes votes votes cast issued Withheld
discretionary) cast) cast) share
capital)
To receive, consider and adopt the
1 Directors' Report and the Company's 21,540,928 100% Nil Nil 21,540,928 16.84%
2022 Annual Accounts Nil
To approve the Directors' Remuneration
2 Report for the financial period ended 21,540,928 100% Nil Nil 21,540,928 16.84%
31 December 2022 Nil
3 To re-elect Matthew Enright 21,540,928 100% Nil Nil 21,540,928 16.84% Nil
4 To re-elect Philip Newby 21,540,928 100% Nil Nil 21,540,928 16.84% Nil
5 To re-elect William Watt 21,540,928 100% Nil Nil 21,540,928 16.84% Nil
6 To re-elect Sarah Stoten 21,540,928 100% Nil Nil 21,540,928 16.84% Nil
7 To elect Adam Reynolds 21,540,928 100% Nil Nil 21,540,928 16.84% Nil
8 To elect Giles Clifford 21,540,928 100% Nil Nil 21,540,928 16.84% Nil
9 To elect Harald Rotsch 21,540,928 100% Nil Nil 21,540,928 16.84%
10 To reappoint Azets Audit Services 21,540,928 100% Nil Nil 21,540,928 16.84% Nil
Limited as the Company's auditors
To authorise the Directors to determine
11 the remuneration of the auditors. 21,540,928 100% Nil Nil 21,540,928 16.84%
Nil
Special Resolutions
To authorise the Directors to allot
12 ordinary shares and relevant securities 21,540,928 100% Nil Nil 21,540,928 16.84%
pursuant to section 551 of the Nil
Companies Act.
To authorise the Directors to disapply
pre-emption rights over shares
13 representing 5% of the Company's issued 21,540,928 100% Nil Nil 21,540,928 16.84% Nil
share capital, as if section 561 of the
Companies Act did not apply
To authorise the Directors to further
disapply pre-emption rights over shares
14 representing an additional 5% of the 21,540,928 100% Nil Nil 21,540,928 16.84% Nil
Company's issued share capital, as if
section 561 of the Companies Act did
not apply
Enquiries:
OTAQ PLC +44 (0) 1524 748028 Adam Reynolds, Non-Executive Chairman Phil Newby, Chief Executive Officer Matt Enright, Chief Financial Officer Dowgate Capital Limited +44 (0)20 3903 7715 (AQSE Corporate Advisor & Broker) David Poutney / James Serjeant Nicholas Chambers / Russell Cook
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.
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ISIN: GB00BK6JQ137 Category Code: AGM TIDM: OTAQ LEI Code: 213800CZGMYB5XTUXJ52 Sequence No.: 251297 EQS News ID: 1658457 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
June 15, 2023 09:50 ET (13:50 GMT)
