Grant of Share Options to PDMR
16 December 2021
OTAQ plc ("OTAQ" or the "Company"), the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, announces that the Company's Remuneration Committee has approved the grant of share options under the Company's LTIP scheme as Enterprise Management Incentive options ("EMI"), to its Chief Commercial Officer, Richard Beesley pursuant to the terms of his Service Agreement. The Options granted under the LTIP scheme are subject to certain performance conditions.
Grant of Options
The Options are being granted pursuant to the Company's EMI Share Schemes as per the table below.
Number of Shares under Option
Type of Option
31 March 2024
Following the above grant of Options over Ordinary Shares, the Company has 2,360,492 share options in issue over Ordinary Shares, representing 7.5% per cent of the Company's total issued share capital and voting rights.
Alex Hambro, Non-Executive Chairman
Phil Newby, Chief Executive Officer
Matt Enright, Chief Financial Officer
Dowgate Capital Ltd (Broker & Adviser)
020 3903 7715
David Poutney/James Serjeant/Nick Chambers/Russell Cook
Walbrook PR Ltd
Tel: 020 7933 8780 or [email protected]
Tom Cooper/Nick Rome/Nicholas Johnson
0797 122 1972 or 07748 325 236 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 36 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.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Chief Commercial Officer
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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
Description of the financial instrument, type of instrument
Options over Ordinary shares of 15p each in OTAQ Plc
Identification code (ISIN) for OTAQ Group plc ordinary shares: GB00BK6JQ137
Nature of the transaction
Grant of options over ordinary shares of 15p each in the Company under EMI qualifying scheme
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
16 December 2021
Place of the transaction
Outside of a trading venue