SRT MARINE SYSTEMS PLC
(AIM: SRT)
("SRT" or the "Company")
Extension of Options
SRT Marine Systems plc ('SRT'), a global provider of intelligent maritime surveillance systems for sovereigns and maritime navigation safety systems, announces that it has agreed to extend the exercise period of certain share options granted to Simon Tucker, Chief Executive Officer, Richard Hurd, Chief Financial Officer, and Neil Peniket, Chief Operating Officer of the Company, as follows:
|
Director |
Number of options being extended |
Exercise price |
Grant date |
Original expiry date |
New expiry date |
|
Simon Tucker |
1,500,000 |
0.1p |
8 August 2016 |
8 August 2026 |
8 August 2028 |
|
Richard Hurd |
450,000 |
0.1p |
8 August 2016 |
8 August 2026 |
8 August 2028 |
|
Neil Peniket |
250,000 |
0.1p |
8 August 2016 |
8 August 2026 |
8 August 2028 |
The extension was granted by the remuneration committee to minimise dilution for shareholders whilst continuing to incentivise these executive directors in alignment with shareholder interests.
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For further information, please contact: |
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SRT Marine Systems plc |
+ 44 (0) 1761 409500 |
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Simon Tucker (CEO) |
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Kevin Finn (Chairman) |
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Nora Alakshan (Corporate Communications Manager) |
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Julian Collett (Director of Capital Markets Strategy) |
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Cavendish Capital Markets Limited (NOMAD & Broker) |
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Jonny Franklin-Adams / Teddy Whiley / Finn Gordon (Corporate Finance) |
+44 (0) 20 7220 0500 |
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Sunila de Silva (Corporate Broking) |
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About SRT Marine Systems plc:
SRT Marine Systems PLC is a global provider of civil defence maritime intelligence and surveillance systems and navigation safety and efficiency solutions. Our systems provide MDA intelligence that enable sovereign agencies such as Coast Guards and Fishery Authorities to adopt a new nationwide intelligence lead operations doctrine which is highly effective and efficient for maritime safety and security. Our navigation safety systems enable vessel operators to navigate digitally more safely and efficiently. Our customers range from government agencies such as Coast Guards, Fishery Authorities and Ports & Waterway authorities to commercial and leisure vessel owners.