OTAQ Plc — AGM Information 2022

Sep 30, 2022

National Storage Mechanism | Additional information

OTAQ Plc (OTAQ)

Result of Annual General Meeting

30-Sep-2022 / 15:04 GMT/BST

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

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OTAQ PLC

(“OTAQ”, or the “Company”)

Result of Annual General Meeting

OTAQ, the marine technology products and solutions group for the global aquaculture, offshore oil and gas industries and geotracking sectors, announces that at the Annual General Meeting (“AGM”) held earlier today, all resolutions were duly passed on a show of hands. Resolutions 1-11 were passed as ordinary resolutions and resolutions 12-13 were passed as special resolutions. The proxy votes received from shareholders on each resolution are set out below.

	Resolutions	For (incl. discretionary)	For (% of votes cast)	Against	Against (% of votes cast)	Total number of votes cast	Votes Withheld
1	To receive, consider and adopt the Directors’ Report and the Company’s Annual Accounts for the financial year ended 31 March 2022	13,571,955	100%	Nil	Nil	13,571,955	Nil
2	To approve the Directors’ Remuneration Report for the financial year ended 31 March 2022	13,571,955	100%	Nil	Nil	13,571,955	Nil
3	To re-elect Matthew Jonathan Enright	13,571,955	100%	Nil	Nil	13,571,955	Nil
4	To re-elect Philip David Newby	13,571,955	100%	Nil	Nil	13,571,955	Nil
5	To re-elect William George Watt	13,571,955	100%	Nil	Nil	13,571,955	Nil
6	To re-elect Sarah Emily Stoten	13,571,955	100%	Nil	Nil	13,571,955	Nil
7	To re-elect Alexander Robert Hambro	13,571,955	100%	Nil	Nil	13,571,955	Nil
8	To elect Malcolm David Foster Pye	13,571,955	100%	Nil	Nil	13,571,955	Nil
9	To reappoint RSM UK Audit LLP as the Company’s auditors	13,493,685	99.42%	78,270	0.58%	13,571,955	Nil
10	To authorise the Directors to determine the remuneration of the auditors.	13,571,955	100%	Nil	Nil	13,571,955	Nil
11	To empower the Directors to allot securities up to an aggregate nominal amount of £1,887,902.60	13,565,909	99.96%	6,046	0.04%	13,571,955	Nil
	Special Resolutions
12	To approve the general disapplication of pre-emption rights, up to an aggregate nominal amount of £283,185.39	13,565,909	99.96%	6,046	0.04%	13,571,955	Nil
13	To approve the specific disapplication of pre-emption rights, up to a further aggregate nominal amount of £283,185.39	13,565,909	99.96%	6,046	0.04%	13,571,955	Nil

Please note a ‘vote withheld’ is not a vote under English law and is not counted in the calculation of votes ‘for’ and ‘against’ a resolution or the total number of votes cast.

Copies of the resolutions required to be made available for inspection in accordance with LR 9.6.2 have been submitted today to the Financial Conduct Authority and will shortly be available for inspection on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Enquiries:

OTAQ PLC	Via Walbrook
Alex Hambro, Non-Executive Chairman
Phil Newby, Chief Executive Officer Matt Enright, Chief Financial Officer
Dowgate Capital Ltd (Broker & Adviser)	020 3903 7715
David Poutney/James Serjeant Nicholas Chambers/Russell Cook
Walbrook PR Ltd	Tel: 020 7933 8780 or Otaq@walbrookpr.com
Tom Cooper/Nick Rome	0797 122 1972 or 07748 325 236

About OTAQ

OTAQ is a highly innovative technology company focused on the aquaculture, offshore and geotracking sectors. It operates in four worldwide locations: Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile.

The Company's Oceansense leak detection systems have a global reputation as the industry standard solution and have been deployed successfully on hundreds of jobs. OTAQ's Dragonfish laser measurement system is fast becoming recognised as one of the most accurate underwater precision laser measurement systems available. OTAQ also has significant experience in the design and manufacture of underwater connectors, penetrators and communication systems.

It seeks to develop and continuously improve its product range for OTAQ’s increasingly global multi-sector client base using its specialist mechanical, electronic and software engineers with decades of experience in bringing technology products to market. Concurrently, OTAQ seeks to expand its technology portfolio through acquisitive growth, with the aim of further expanding its aquaculture, geotracking and offshore product offering.

OTAQ is proud to be fully ISO 9001:2015 accredited through DNV-GL. ISO 9001 is an internationally recognised quality management system and demonstrates OTAQ's commitment to consistency, continual improvement and customer satisfaction. The certification also demonstrates its ability to consistently deliver products and services to market whilst meeting statutory and regulatory requirements by applying an effective quality management system.

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ISIN:	GB00BK6JQ137
Category Code:	RAG
TIDM:	OTAQ
LEI Code:	213800CZGMYB5XTUXJ52
Sequence No.:	191757
EQS News ID:	1454627

End of Announcement	EQS News Service

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