Issue of Equity

SRT Marine Systems PLC

05 June 2026

 

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

Issue of Equity

The Directors of SRT announce that they have issued and allotted 50,000 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") following the conversion of employee share options in the Company at an exercise price of 0.1p per Ordinary Share.

Application has been made for the 50,000 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 9 June 2026 ("Admission").

Following Admission, the Company will have 273,012,119 Ordinary Shares of 0.1p in issue with each share carrying the right to one vote. This is the total voting rights figure which may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries:

Contacts:
SRT Marine Systems plc	www.srt-marine.com  + 44 (0) 1761 409500
Simon Tucker (CEO)	[e-mail]
Kevin Finn (Chairman) Nora Alakshan (Corporate Communications Manager) Julian Collett (Director of Capital Markets Strategy)	[e-mail] [e-mail] [e-mail]
Cavendish Capital Markets Limited (NOMAD & Broker)
Jonny Franklin-Adams / Teddy Whiley / Finn Gordon (Corporate Finance)		[phone]
Sunila de Silva (Corporate Broking)
Boscobel & Partners (Media Contact) George Trefgarne / Tabitha Owers	[e-mail] [phone]

About SRT Marine Systems plc:

SRT Marine Systems PLC ("SRT") is a global provider of civil defence maritime intelligence and surveillance systems, as well as navigation safety and efficiency solutions. Our systems provide MDA intelligence that enables sovereign agencies such as coast guards and fishery authorities to adopt a new nationwide intelligence-led 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. 

Following a review of previous share admissions, it became clear that certain Ordinary Shares in relation to the Company's announcement dated 28 December 2023, the issue of 774,000 Ordinary Shares ("Second Subscription Shares") pursuant to the subscription agreement under the Company's Fundraising, were not admitted to trading on AIM. Submission for these 774,000 Ordinary Shares to be admitted to trading on AIM has now been made, and admission is expected to occur on 9 June 2026 alongside the exercise of the employee share options. These 774,000 Ordinary Shares are already included within the 273,012,119 Ordinary Shares in issue total voting rights figure referred to above.

 

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