OTAQ Plc — Major Shareholding Notification 2021

Mar 24, 2021

National Storage Mechanism | Additional information

RNS Number : 2524T

OTAQ PLC

24 March 2021

OTAQ plc

("OTAQ", or the "Company")

Holding(s) in Company

OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, announces it was yesterday notified by David and Vivien Poutney that following the issue of new ordinary shares of 15 pence each in the Company ("Ordinary Shares") on 23 March 2021 (as announced on 18 March 2021), their total beneficial interest in 1,530,000 Ordinary Shares, is now equivalent to approximately 4.97 per cent. of the Company's issued share capital.

- Ends -

Contacts:

OTAQ PLC	Via Walbrook
Alex Hambro, Non-Executive Chairman
Phil Newby, Chief Executive Officer
Matt Enright, Chief Financial Officer
Dowgate Capital Limited (Financial Adviser & Broker)	020 3903 7715
David Poutney / James Serjeant
Nicholas Chambers
Walbrook PR Ltd	Tel: 020 7933 8780 or Otaq@walbrookpr.com
Tom Cooper/Nick Rome/Nicholas Johnson	0797 122 1972 or 07748 325 236 or 07884 664 686

About OTAQ

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

OTAQ's marine technology portfolio includes a market-leading intelligent acoustic deterrent system, Sealfence, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia.

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			OTAQ PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights						X
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			DAVID AND VIVIEN POUTNEY
City and country of registered office (if applicable)			LONDON
4. Full name of shareholder(s) (if different from 3.)v
Name			JIM NOMINEES LIMITED SMITH & WILLIAMSON NOMINEES LIMITED
City and country of registered office (if applicable)			LONDON
5. Date on which the threshold was crossed or reachedvi:			23 March 2021
6. Date on which issuer notified (DD/MM/YYYY):			23 March 2021
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	4.97%			4.97%	30,763,251
Position of previous notification (if applicable)	5.29%			5.29%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of

shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00BK6JQ137

1,530,000

4.97%

SUBTOTAL 8. A

1,530,000

4.97%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration

datex

Exercise/

Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Expiration datex	Exercise/ Conversion Period xi		Physical or cash settlementxii	Number of voting rights		% of voting rights
9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii								X
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
Namexv		% of voting rights if it equals or is higher than the notifiable threshold			% of voting rights through financial instruments if it equals or is higher than the notifiable threshold		Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi

Place of completion	LONDON
Date of completion	23 MARCH 2021

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

HOLEANDDAEXFEFA