Grant of Share Options to PDMR

OTAQ plc
 

Grant of Share Options to PDMR

OTAQ plc ("OTAQ" or the "Company"), the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, announces that the Company's Remuneration Committee has approved the grant of share options under the Company's LTIP scheme as Enterprise Management Incentive options ("EMI"), to its Chief Commercial Officer, Richard Beesley pursuant to the terms of his Service Agreement. The Options granted under the LTIP scheme are subject to certain performance conditions.

Grant of Options

The Options are being granted pursuant to the Company's EMI Share Schemes as per the table below.

Following the above grant of Options over Ordinary Shares, the Company has 2,360,492 share options in issue over Ordinary Shares, representing 7.5% per cent of the Company's total issued share capital and voting rights.

Contacts:

About OTAQ:

OTAQ is a highly innovative marine technology company focused on the marine aquaculture, offshore energy, renewables and oceanographic research sectors. It has 36 employees in four worldwide locations: Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile. OTAQ's marine technology portfolio includes a market-leading intelligent acoustic deterrent system, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia.

The Oceansense leak detection systems have a global reputation as the industry standard solution and have been deployed successfully on hundreds of jobs.  The Dragonfish laser measurement system is fast becoming recognised as one of the most accurate underwater precision laser measurement systems available. OTAQ also has significant experience in the design & manufacture of underwater connectors, penetrators & communication systems.

It seeks to develop and continuously improve its products using its specialist mechanical, electronic and software engineers with decades of experience in bringing underwater technology products to market.

OTAQ is proud to be fully ISO 9001;2015 accredited through DNV-GL. ISO 9001 is an internationally recognised quality management system and demonstrates OTAQ's commitment to consistency, continual improvement and customer satisfaction. The certification also demonstrates its ability to consistently deliver products and services to market whilst meeting statutory and regulatory requirements by applying an effective quality management system.