NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
For immediate release
SRT MARINE SYSTEMS PLC
("SRT" or the "Company")
Result of General Meeting
and
Total Voting Rights
SRT, the AIM-quoted developer and supplier of maritime surveillance systems and navigation safety products, is pleased to announce that at the Company's General Meeting held earlier today, all resolutions were duly passed on a poll.
The table below sets out the results of the poll at the General Meeting, including the number of votes for and against each of the resolutions proposed, and the number of votes withheld:
| Resolution | Votes for | % | Votes against | % | Votes Withheld |
| Resolution 1: Authority to allot shares in connection with the Second Subscription, the Placing and the Retail Offer | 78,178,314 | 99.71% | 225,465 | 0.29% | 143,882 |
| Resolution 2: Disapplication of pre-emption rights in connection with the Second Subscription, the Placing and the Retail Offer | 78,095,001 | 99.60% | 310,778 | 0.40% | 141,882 |
| Resolution 3: General authority to allot shares | 78,175,876 | 99.71% | 227,903 | 0.29% | 143,882 |
| Resolution 4: General power to disapply pre-emption rights | 78,073,728 | 99.58% | 328,486 | 0.42% | 145,447 |
Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution. Any proxy appointments giving discretion to the Chairman have been included in the "For" totals.
Completion of the Second Subscription, the Placing and the Retail Offer remains conditional upon Second Admission, which is expected to occur on 16 January 2024.
Defined terms in this announcement shall have the same meaning as set out in the Company's circular dated 21 December 2023, available on the Company's website at www.srt-marine.com/investors/ for the purposes of AIM Rule 26.
Total Voting Rights
Following Second Admission on 16 January 2024, the Company's issued ordinary share capital will comprise 222,634,086 Ordinary Shares, none of which are held in treasury. The above figure of 222,634,086 may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.
-Ends-
For further information:
| Contacts: | |
| SRT Marine Systems plc | + 44 (0) 1761 409500 |
| Simon Tucker (CEO) | |
| Louise Coates (Marketing Manager) |
|
| Cavendish Capital Markets Limited | |
| Jonny Franklin-Adams / Teddy Whiley / George Dollemore (Corporate Finance) | +44 (0) 20 7220 0500 |
| Tim Redfern, Harriet Ward (ECM) | |
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