Regulatory News

Result of AGM

24 September 2021

OTAQ (LSE: OTAQ), the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, announces that at the Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed on a show of hands. Resolutions 1-11 were passed as ordinary resolutions and resolutions 12-13 were passed as special resolutions. The proxy votes received from shareholders on each resolution are set out below.

 Resolution For (incl. discretionary) For (% of votes cast) Against Against (% of votes cast) Total number of votes cast Votes cast (% of issued share capital) Votes Withheld

1

Directors' Report and Company's Annual Accounts 986,015 100% Nil Nil 986,015 3.14% Nil

2

Directors' Remuneration Report 986,015 100% Nil Nil 986,015 3.14% Nil

3

Re-elect Mr Enright 986,015 100% Nil Nil 986,015 3.14% Nil

4

Re-elect Mr Newby 986,015 100% Nil Nil 986,015 3.14% Nil

5

Re-elect Mr Watt 986,015 100% Nil Nil 986,015 3.14% Nil

6

Re-elect Ms Gills 986,015 100% Nil Nil 986,015 3.14% Nil

7

Re-elect Mr Hambro 986,015 100% Nil Nil 986,015 3.14% Nil

8

Elect Mr Pye 986,015 100% Nil Nil 986,015 3.14% Nil

9

Re-appoint the Company's auditor 986,015 100% Nil Nil 986,015 3.14% Nil

10

Directors' Remuneration of the auditors 986,015 100% Nil Nil 986,015 3.14% Nil

11

Allotment of securities 986,015 100% Nil Nil 986,015 3.14% Nil

12

General disapplication of pre-emption rights 986,015 100% Nil Nil 986,015 3.14% Nil

13

Specific disapplication of pre-emption rights 986,015 100% Nil Nil 986,015 3.14% Nil

 

Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' and 'against' a resolution or the total number of votes cast.

Copies of the resolutions required to be made available for inspection in accordance with LR 9.6.2 have been submitted today to the Financial Conduct Authority and will shortly be available for inspection on the National Storage Mechanism website at  https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

 

Contacts:

OTAQ PLC

Via Walbrook

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
Nicholas Chambers

 
  

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

 

About OTAQ

OTAQ is a highly innovative marine technology company focused on the marine aquaculture, offshore energy, renewables and oceanographic research sectors. It operates 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, Sealfence, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia.

The Company's Oceansense leak detection systems have a global reputation as the industry standard solution and have been deployed successfully on hundreds of jobs. OTAQ's 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 and manufacture of underwater connectors, penetrators and 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. Concurrently, OTAQ seeks to expand its technology portfolio through acquisitive growth, with the aim of further expanding its aquaculture and offshore product offering.

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.