Posting of Annual Report and Notice of AGM
01 September 2020
OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, announces that it has today posted to shareholders the Annual Report for the year ended 31 March 2020 and notice of the Annual General Meeting ('AGM'). The AGM will be held as a closed meeting on 25 September 2020 at 11:00.
The Board has decided to make some changes to the format of the AGM this year, as a result of the public safety measures introduced in response to the Coronavirus (COVID-19) pandemic. Due to the restrictions imposed by the Government on public gatherings, it will not be possible for shareholders to attend the AGM in person. We are disappointed that these measures have to be adopted and appreciate our shareholders' understanding during these extraordinary circumstances.
The meeting will take place with the presence of a minimum quorum arranged by the Company and will be facilitated in line with the Government's strict social distancing advice. At the AGM, only formal business of the meeting, as set out in the Notice covering the customary AGM resolutions, will be carried out.
The 2020 Annual Report and Notice of AGM will be posted to the Company's website at https://www.otaq-ir.com/investors/annual-interim-reports.
|Hertsford Capital PLC||Via Walbrook|
|Alex Hambro, Non-Executive Chairman|
|Phil Newby, Chief Executive Officer|
|Dowgate Capital Ltd (Broker & Adviser)||020 3903 7715|
|Walbrook PR Ltd||Tel: 020 7933 8780 orO[email protected]|
|Tom Cooper/Nick Rome/Nicholas Johnson||07971 221972 or
07748 325236 or 07884 664 686
OTAQ is a highly innovative marine technology company focused on the marine aquaculture, offshore energy, renewables and oceanographic research sectors. It has circa 40 employees in four worldwide locations: Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile. OTAQ's marine technology portfolio includes a market-leading intelligent acoustic deterrent system, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia.
The Oceansense leak detection systems have a global reputation as the industry standard solution and have been deployed successfully on hundreds of jobs. The Dragonfish laser measurement system is fast becoming recognised as one of the most accurate underwater precision laser measurement systems available. OTAQ also has significant experience in the design & manufacture of underwater connectors, penetrators & communication systems.
It seeks to develop and continuously improve its products using its specialist mechanical, electronic and software engineers with decades of experience in bringing underwater technology products to market.
OTAQ is proud to be fully ISO 9001;2015 accredited through DNV-GL. ISO 9001 is an internationally recognised quality management system and demonstrates OTAQ's commitment to consistency, continual improvement and customer satisfaction. The certification also demonstrates its ability to consistently deliver products and services to market whilst meeting statutory and regulatory requirements by applying an effective quality management system.