SRT Marine Systems PLC Director/PDMR Shareholding (7265G)

TIDMSRT

RNS Number : 7265G

SRT Marine Systems PLC

10 August 2016

SRT MARINE SYSTEMS PLC

("SRT" or the "Company")

Director/PDMR Shareholding

SRT was notified on 9 August 2016 that Andrew Lapping, a Non-Executive Director of the Company, had on that day acquired 20,000 ordinary shares of 0.1p each in SRT at a price of 48.4 pence per share.

Following this acquisition, Mr. Lapping is interested in 1,238,080 ordinary shares, representing 0.97 per cent. of the Company's issued share capital.

The attached notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.

 
  1    Details of the person discharging managerial 
        responsibilities/person closely associated 
 a)    Name                       Andrew Lapping 
----  -------------------------  ------------------------------ 
  2    Reason for the notification 
----  --------------------------------------------------------- 
 a)    Position/status            Non-executive director 
----  -------------------------  ------------------------------ 
 b)    Initial notification/      Initial Notification 
        Amendment 
----  -------------------------  ------------------------------ 
  3    Details of the issuer, emission allowance 
        market participant, auction platform, 
        auctioneer or auction monitor 
----  --------------------------------------------------------- 
 a)    Name                       SRT Marine Systems plc 
----  -------------------------  ------------------------------ 
 b)    LEI                        - 
----  -------------------------  ------------------------------ 
  4    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 
----  --------------------------------------------------------- 
 a)    Description                Ordinary Shares of 0.1p 
        of the financial           each in SRT Marine Systems 
        instrument,                plc 
        type of instrument 
        Identification             ISIN - GB00B0M8KM36 
        code 
----  -------------------------  ------------------------------ 
 b)    Nature of the              Market purchase 
        transaction 
----  -------------------------  ------------------------------ 
 c)    Price(s) and               Price(s)         Volume(s) 
        volume(s) 
                                   48.4p per        20,000 
                                   share 
----  -------------------------  ---------------  ------------- 
 d)    Aggregated 
        information 
----  -------------------------  ------------------------------ 
  - Aggregated 
   volume                         20,000 
 ------------------------------  ------------------------------ 
  - Price                         GBP9,680.00 
 ------------------------------  ------------------------------ 
 e)    Date of the                09/08/2016 
        transaction 
----  -------------------------  ------------------------------ 
 f)    Place of the               London Stock Exchange, AIM 
        transaction 
----  -------------------------  ------------------------------ 
 
 
 Contacts 
 SRT                                     [phone] 
  Simon Tucker, CEO             [e-mail] 
  Louise Coates, Marketing     [e-mail] 
  Manager 
 WH Ireland Limited 
  Tim Feather 
  Liam Gribben                          [phone] 
 

Notes to Editors

SRT develops, manufactures and supplies maritime tracking technology and turn-key system solutions to marine stakeholders across the globe. The Company's products and solutions are used by individual vessel owners, port authorities, maritime infrastructure owners, coast guards and national security agencies to enhance their maritime domain awareness. Applications include the tracking of commercial and leisure vessels; sustainable fishery; anti-collision; search and rescue; waterway management, port and coast security; pollution management; and environmental management.

In the early 2006, SRT was the first company to develop a low cost technology platform supporting the International Maritime Organisation (IMO) adopted data communications technology, AIS (Automatic Identification System). This technology transmits vessel type, current co-ordinates, course and speed, and the vessel's unique identifier, in real time - air traffic control for boats. As a result of a global IMO sponsored mandate for the use of AIS, today AIS is being adopted and implemented worldwide in marine market as the next generation of radar. SRT's systems are entirely developed in the UK with 95% of revenues derived from exports.

With circa 26 million vessels operational globally and a growing demand from national authorities enforcing vessels operating in their waters to fit AIS as standard, SRT, the leading global provider of AIS technology, is at the forefront of a rapidly developing and evolving multi-billion dollar maritime market.

www.softwarerad.com

This information is provided by RNS

The company news service from the London Stock Exchange

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August 10, 2016 02:00 ET (06:00 GMT)