NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO
DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION.
For
immediate release
SRT
MARINE SYSTEMS PLC
("SRT" or
the "Company")
Result of General
Meeting,
Total Voting
Rights
and
Directorate
Change
SRT, the AIM-quoted developer and
supplier of maritime surveillance systems and navigation safety
products, is pleased to announce that at the Company's General
Meeting held earlier today, all resolutions were duly passed on a
poll.
The table below sets out the results
of the poll at the General Meeting, including the number of votes
for and against each of the resolutions proposed, and the number of
votes withheld:
|
Resolution
|
Votes for
|
%
|
Votes
against
|
%
|
Votes
Withheld
|
|
Resolution 1: Authority to
allot New Ordinary Shares in connection with the Fundraising and
the Redemption and to issue the Additional Warrants
|
113,950,542
|
99.89%
|
123,054
|
0.11%
|
46,647
|
|
Resolution 2: Disapplication of
pre-emption rights in connection with the Fundraising, the
Redemption and the Additional Warrant Issue
|
113,816,744
|
99.76%
|
276,949
|
0.24%
|
26,550
|
|
Resolution 3: General authority
to allot shares and grant rights to subscribe for, or convert any
security into, ordinary shares
|
113,940,683
|
99.88%
|
132,913
|
0.12%
|
46,647
|
|
Resolution 4: General power to
disapply pre-emption rights in connection with the general
authority at Resolution 3
|
113,737,963
|
99.69%
|
355,730
|
0.31%
|
26,550
|
Votes withheld are not votes in law
and so have not been included in the calculation of the proportion
of votes for and against a resolution. Any proxy appointments
giving discretion to the Chairman have been included in the "For"
totals.
Completion of the Fundraising and
the Redemption remains conditional upon Admission, which is
expected to occur on 3 December 2024.
Defined terms in this announcement
shall have the same meaning as set out in the Company's circular
dated 14 November 2024, available on the Company's website
at www.srt-marine.com/investors/
for the purposes of AIM Rule 26.
Total Voting Rights
Following Admission on 3 December
2024, the Company's issued ordinary share capital will comprise
249,862,656 Ordinary Shares, none of which are held in treasury.
The above figure of 249,862,656 may be used by Shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the voting rights of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Directorate Change
SRT is pleased to advise that
further to its announcement on 28 October 2024, Oliver Plunkett has
now been appointed as a Non-Executive Director with immediate
effect.
Oliver trained as a Barrister and
practised in criminal law for several years before switching to
work in financial services. He joined Ocean Infinity initially in a
legal and financial role before becoming CEO in 2017. Oliver is
also on the board of several companies and charitable
foundations.
Oliver will serve as board
representative of Ocean Infinity Group Limited ("Ocean Infinity"),
where he is a board member and CEO, and which is a 15.25 per cent
shareholder following Admission of the new Ordinary Shares pursuant
to the Fundraising recently announced by the Company.
-Ends-
For
further information:
The following information regarding
the appointment of Oliver Plunkett, aged 52, is disclosed under
Schedule 2(g) of the AIM Rules for Companies:
|
Current directorships and/or
partnerships:
|
Former directorships and/or
partnerships (within the last five years):
|
|
Speldhurst Services
Limited
|
Ocean Infinity Services
Limited
|
|
Ocean Infinity Innovations
Limited
|
The Willo Brands Company
Ltd.
|
|
Apsley House Holdings
Limited
|
Willostix Cricket Academy
LLP
|
|
The Online Sports Store
Limited
|
Geoteqnics Ltd
|
|
The Cricket Store Ltd
|
Oxgeotech Ltd
|
|
Armada International LLC
|
M-Geo Ltd
|
|
Geowynd Ltd
|
Ambrey International
Limited
|
|
Stitching the Flotilla Charitable
Foundation
|
Ambrey Offshore Limited
|
|
Stitching the Elba Charitable
Foundation
|
Bachawy Limited
|
|
Maritime Archaeology Consultants
Switzerland AG
|
|
|
ACG Limited
|
|
|
Ocean Infinity Group
Limited
|
|
|
Ocean Infinity (Offshore)
AB
|
|
|
Reach The World
|
|
|
Ocean Infinity (Portugal)
SA
|
|
|
Ocean Infinity Solutions
Corp
|
|
|
Ocean Infinity Pte Ltd
|
|
|
Ocean Infinity Operations Pte
Ltd
|
|
|
OI7801 Pte Ltd
|
|
|
Ocean Infinity Group Holding
AB
|
|
|
Ocean Infinity AB
|
|
|
Ocean Infinity Nearshore
AB
|
|
|
Ocean Infinity Inc
|
|
|
Ocean Infinity America Inc
|
|
|
Ocean Infinity (Australia) Pty
Ltd
|
|
|
ACG Americas Inc
|
|
|
ACG Americas II Inc
|
|
|
ACG Americas III Inc
|
|
|
Series Investment Holdings
Inc
|
|
The Cricket Store Limited entered
creditor's voluntary liquidation on 13 June 2024 whilst Oliver
Plunkett was a Director.
Mr Plunkett owns 425,000 Ordinary
Shares in the Company in a personal capacity, representing 0.17 per
cent of the Issued Share Capital following admission of the new
Ordinary Shares as announced on 14 November 2024.
There are no further disclosures to
be made under Schedule 2(g) of the AIM Rules for
Companies.