OTAQ Announces Share Incentive Plan Details and Voting Rights Update

OTAQ Plc, a technology company in the aquaculture and offshore markets, has issued 50,005 new ordinary shares as part of its Share Incentive Plan (SIP) for employees, including PDMRs. On 21 October 2024, the company received notification from Cytec Solutions Corporate Trustees regarding the allocation.

Under the SIP, employees can purchase shares using pre-tax salary deductions and receive matching shares. CEO Philip Newby and CFO Justine Dowds bought 5,001 shares each, receiving an equal number of matching shares, priced at 3.00 pence per share.

Following this issuance, OTAQ's total shares with voting rights reach 128,575,044. The newly issued shares are expected to be admitted to trading on the AQSE Growth Market on 25 October 2024.