Otaq Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Otaq Plc LSE:OTAQ London Ordinary Share GB00BK6JQ137 ORD 15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 5.00 4.00 6.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Meas & Controlling Dev, Nec 4.4 -1.9 -5.0 - 1.89

OTAQ Plc: Director Change

16/03/2023 7:00am

UK Regulatory (RNS & others)

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OTAQ Plc (OTAQ) OTAQ Plc: Director Change 16-March-2023 / 07:00 GMT/BST


16 March 2023

OTAQ plc

("OTAQ", the "Company" or the "Group")

Director Change

OTAQ plc (OTAQ.AQ), the innovative technology company targeting the aquaculture, geotracking and offshore markets, announces that Malcolm Pye will resign from the Board with effect from 31 March 2023. Malcolm joined the Board in February 2021 as an Independent Non-Executive Director serving on both the Remuneration and Nomination Committees.

Phil Newby, Chief Executive Officer, commented:

"On behalf of the entire Board, I would like to sincerely thank Malcolm for his work and invaluable advice, particularly in relation to the aquaculture industries we are targeting, whilst retaining an independence that helps deliver the strong corporate governance required by our shareholders."

Malcolm Pye said:

"I have thoroughly enjoyed my time on the Board of OTAQ participating in the evolving strategy of the Company as it targets new markets. I believe that I depart the business with many exciting opportunities ahead with strong management and an experienced Board so that it is well placed for the next stage of its development."


OTAQ plc                                                +44 (0)1524 748028 
Adam Reynolds, Chairman 
Phil Newby, Chief Executive Officer 
Matt Enright, Chief Financial Officer 
Dowgate Capital Limited - AQSE Corporate Advisor & Broker +44 (0)20 3903 7715 
David Poutney / James Serjeant 
Russell Cook / Nicholas Chambers 

About OTAQ

OTAQ is a highly innovative technology company targeting the aquaculture, geotracking and offshore markets. It already has a number of established products in its portfolio and is focused on further developing its presence, customer base and cross selling opportunities within core markets both organically and via acquisition.

OTAQ's aquaculture products, which include a sonar device (developed for Minnowtech LLC) to scan shrimp in ponds and water quality monitoring, are focused on maximising welfare and production yields. Additionally, the Company is developing a potentially game changing live plankton analysis product for finfish and shellfish farmers. It also continues to target opportunities in the acoustic deterrent devices market via its Sealfence product, which is used by salmon farmers, with global opportunities in Chile, Australia, Canada and Norway.

The Company is also developing high accuracy location trackers for specialist applications. Having already added clients within safety and multiple participant sport/racing applications, the Company is investigating wider market potential - including opportunities in the seafood industry.

OTAQ's offshore product range includes OceanSense subsea leak detection, Eagle IP camera systems, Lander seabed survey devices and Subsea electrical connectors and penetrators. It is targeting a number of growth opportunities in new territories and has a strong client base including Expro, Amphenol and National Oilwell Varco. The Company is also focused on the development of new products through this division, with the aim of increased cross-deployment of skills and technologies into the aquaculture arena.

----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.


ISIN:          GB00BK6JQ137 
Category Code: BOA 
TIDM:          OTAQ 
LEI Code:      213800CZGMYB5XTUXJ52 
Sequence No.:  230181 
EQS News ID:   1583721 
End of Announcement  EQS News Service 

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1583721&application_name=news


(END) Dow Jones Newswires

March 16, 2023 03:00 ET (07:00 GMT)

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