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:
| Contacts: | |
| SRT Marine Systems plc | + 44 (0) 1761 409500 |
| Simon Tucker (CEO) | |
| Louise Coates (Marketing Manager) |
|
| Cavendish Capital Markets Limited | |
| Jonny Franklin-Adams / Teddy Whiley / Finn Gordon (Corporate Finance) | +44 (0) 20 7220 0500 |
| Tim Redfern, Ondraya Swanson (ECM) | |
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.
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