They used Primary Bid for the offers in April 2020 and again in Aug 2023 but the Dec 2023 offer was direct entitlement which had the advantage that it could be bought in an ISA.
Incidentally, for those that use an ISA as a means of IHT alleviation, it appears that the relief for qualifying ISA shares will no longer be total but at only 50%. |
This is a British treasure and the gov should declare it a national critical business or similar. The French and US have much stricter takeover rules than the UK.
Unfortunately we are still “open to inward foreign investment”, which sounds great but actually includes takeovers. |
who was the retail offer through in december 2023 ? was it Primary Bid ? |
Surely time now for a significant re-rating of share price? This is a serious project |
You've got to believe that the Straits of Hormuz chokepoint would be an 'area of interest' for lots of folk, most locally Ra's Al Khaimah (eponymous : = the 'peak of the tent') and down the Gulf of Oman to Fujairah*, both emirates of the UAE.
* The Port of Fujairah is the world’s second-largest bunkering hub. Strategically located on the only eastern seaboard of the United Arab Emirates, it is within 300 km of all the emirates. Fujairah is also unique as the sole multi-purpose seaport on the UAE’s eastern coastline, enhancing its significance in regional and global maritime activities.
GLA |
Saudi has only just stuck a toe in the water. Will it want to play second fiddle to neighbouring royal family? |
 As if on cue...
..The contract is for a state-of-the-art national maritime surveillance system for the Kuwait Coast Guard and other relevant agencies. The system will incorporate a broad range of sophisticated sensor systems, USV's,* Ai Analytics, augmented reality and integrated command & control systems as well as new supporting civil infrastructure.
The contract forms a 12 year partnership with implementation expected to take up to 2 years, followed by 10 years of support, training and maintenance...
* A 'maiden contribution' from OI....
Interesting to see also that there's a UAE connection...
.."Kuwait's First Deputy Prime Minister, Interior and Defense Minister Sheikh Fahad Yosuf Al-Sabah signed separate deals on Wednesday with the UAE and Britain as part of efforts to beef up the national coastguard's capabilities.
The agreements with Abu Dhabi and UK-based SRT Marine Systems meet the highest "maritime quality" standards, representing a step towards enhancing Kuwait's maritime security, according to an interior ministry statement.
The deals are part of a broad "overhaul" of the nation's maritime security apparatus, added the statement, singling out the agreement with Abu Dhabi as being a testament to the camaraderie shared between the two Gulf Arab neighbors.
After Bahrain, Saudi and (now) Kuwait, are we going to see a GCC-wide ( ie Qatar, UAE, Oman) roll-out ?
GLA |
The penny has dropped. There will be a scrum for the £7.5m shares on offer at 35p. |
RNS issued
Winning this landmark contract is a huge honour and achievement for SRT and reflects our many years of technology and project delivery capacity investment. This system will undoubtedly be amongst the most sophisticated maritime surveillance system in the world, incorporating several significant innovations along with full integration and digitisation of surveillance and command and control which will provide a powerful tool to enhance national security and maritime safety and environment protection and sustainability. We look forward to working with our new sovereign partner to deliver this contract and more in the coming years. |
46-49 SPREAD NOW |
ah.. that a relief.. first of many ....... |
Someone earlier was wondering about the likely availability of the retail shares at 35p. I’ve been buying around 40p on the guess that by the time it happens I won’t be able to get what I want at 35p and 5p is neither here nor there, if it all goes even vaguely to plan. |
Kuwait's First Deputy Prime Minister, Interior and Defense Minister Sheikh Fahad Yosuf Al-Sabah signed separate deals on Wednesday with the UAE and Britain as part of efforts to beef up the national coastguard's capabilities.
The agreements with Abu Dhabi and UK-based SRT Marine Systems meet the highest "maritime quality" standards, representing a step towards enhancing Kuwait's maritime security, according to an interior ministry statement.
The deals are part of a broad "overhaul" of the nation's maritime security apparatus, added the statement, singling out the agreement with Abu Dhabi as being a testament to the camaraderie shared between the two Gulf Arab neighbors.
The ministry is determined to employ the latest "technological means" in an effort to ensure the security of Kuwaiti territorial waters and navy personnel alike |
Well perhaps Kuwait has to announce first and then a typist has to type it and then someone has to approve it.
Just guessing ;-) |
And here is me checking for RNS... no sign but if true.. Fine! |
Why isn't there a RNS? |
Why isn't there a RNS? |
Yep, does look like it's been signed, SRT named/UK, coastguard upgrade. |
Crikey must be a lot of SRT shareholders looking as the website’s stalled. |
Is that announced somewhere? |
Where is the announcement? |
Kuwait officially signed. Congrats to ST and team. |
Yump
I agree but not with Srt which has had a long time to produce |
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