OTAQ Plc Announces SIP Purchase, PDMR Shareholdings, and Updated Total Voting Rights

OTAQ Plc, a technology company serving the aquaculture and offshore markets, disclosed the issuance of 67,387 new ordinary shares under its Share Incentive Plan (SIP) on May 17, 2024. This development involves the allocation of shares to certain Persons Discharging Managerial Responsibilities (PDMRs), as detailed by Cytec Solutions Corporate Trustees Limited, the plan's trustee.

Under the SIP, employees acquire ordinary shares at market price with pre-tax salary deductions, matched by the company. The newly issued shares are expected to be admitted to the Aquis Stock Exchange on May 21, 2024. Following this transaction, OTAQ Plc's total voting rights in issued shares will stand at 128,374,667, confirmed by the company's notification in compliance with EU Market Abuse Regulation and Financial Conduct Authority guidelines.

This adjustment in total voting rights does not reflect any change in the company’s treasury shares, as it holds none. Shareholders may use this updated share total as a reference for reporting changes in holdings or interests under regulatory guidelines.