Tekmar Group PLC Issue of Equity and Total Voting Rights (4394P)

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RNS Number : 4394P

Tekmar Group PLC

18 October 2021

18 October 2021

TEKMAR GROUP PLC

("Group" or the "Company")

Issue of Equity and Total Voting Rights

Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, announces that it has made an application to the London Stock Exchange for the admission to trading on AIM of 31,250 new ordinary shares of GBP0.01 each ("New Shares") under the Tekmar Group plc IPO incentive plan.

The New Shares are expected to be admitted to trading on or around AIM on 22 October 2021.

Following admission, the Group's share capital and total voting rights will comprise 51,639,853 ordinary shares of GBP0.01 each and the Group does not hold any shares in treasury. Consequently, 51,639,853 is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Inspired under the FCA's Disclosure and Transparency Rules.

Enquiries:

 
Tekmar Group plc 
 Alasdair MacDonald, CEO 
 Derek Bulmer, CFO                                     [phone] 
Singer Capital Markets (Nominated Adviser and 
 Joint Broker) 
 Rick Thompson / Rachel Hayes                          [phone] 
Berenberg (Joint Broker) 
 Chris Bowman / Ben Wright / Ciaran Walsh              [phone] 
Bamburgh Capital Limited (Financial PR & Investor 
 Relations) 
 Murdo Montgomery                                     [phone] 
 

About Tekmar Group plc - www.tekmargroup.com

Tekmar Group plc's vision is to be the leading provider of technology and services for the global offshore energy markets. The Group has five primary operating companies; these are Tekmar Energy Limited, Subsea Innovation Limited, AgileTek Engineering Limited, Ryder Geotechnical Limited and Pipeshield International limited.

Tekmar Energy is a global market leader in protection systems for subsea cable, umbilical and flexible pipe. Tekmar Energy has been trusted to protect billions of Euros worth of assets in the offshore wind, oil & gas, wave, tidal and interconnector markets since 1985 .

Subsea Innovation is a global leader in the design, manufacture and supply of complex engineered equipment and technology used in the offshore energy market. Its products include large equipment handling systems which operate on the back of pipelay installation vessels; emergency pipeline repair clamps (EPRC) which protect major oil and gas pipelines, and bespoke equipment for use in the construction of offshore energy projects.

AgileTek Engineering is an award-winning subsea engineering consultancy for offshore energy projects. AgileTek helps its clients de-risk projects through advanced computer simulation and analysis. AgileDat, a division of AgileTek, provides software development, cloud architecture and data analytics services.

Ryder Geotechnical provides expert geotechnical design and consulting services to the offshore wind and subsea oil and gas sectors. Services include offshore structure foundation design, geohazard assessment and subsea cable routing and burial assessment.

Pipeshield International is a market leading provider of specialised subsea protection solutions in the form of concrete mattresses used for the stabilisation and impact protection of subsea equipment in areas where they cannot be buried and further to limit the development of scour (seabed erosion) particularly local to that of a foundation, pipeline or in marine ports.

Tekmar Energy is headquartered in Newton Aycliffe in the United Kingdom; AgileTek operates from an office in London; Subsea Innovation has its head office and manufacturing centre in Darlington, United Kingdom. Ryder operates in Newcastle and within AgileTek London, Pipeshield headquarters are in Lowestoft with manufacturing in Montrose and Blyth. Tekmar Group plc also has strategic supply bases and representation across Europe, Africa, the Middle East and Asia Pacific.

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October 18, 2021 12:17 ET (16:17 GMT)