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OTAQ Plc (OTAQ)
Result of Annual General Meeting
31-Jul-2024 / 11:28 GMT/BST
OTAQ PLC
(“OTAQ” or the “Company”)
Result of Annual General
Meeting
OTAQ plc (OTAQ.AQ), the innovative
technology company targeting the aquaculture and offshore markets,
announces that at the Annual General Meeting held earlier today,
all resolutions were duly passed. Resolutions 1 to 10 were passed
as ordinary resolutions and resolutions 11 and 12 were passed as
special resolutions. The proxy votes received from shareholders in
respect of each resolution are set out below.
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|
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For
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For
(% of votes cast)
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Against
|
Against
(% of votes cast)
|
Total number of votes
cast
|
Votes Withheld
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|
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Ordinary resolutions
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1
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To receive, consider and adopt the Directors’ Report and the
Company’s Annual Accounts for the financial year ended 31 December
2023
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80,951,190
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99.98%
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20,000
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0.02%
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80,971,190
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Nil
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2
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To re-elect Sarah Emily Stoten as a Director of the
Company
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80,951,190
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99.98%
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20,000
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0.02%
|
80,971,190
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Nil
|
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3
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To re-elect Justine Dowds as a Director of the
Company
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80,951,190
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99.98%
|
20,000
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0.02%
|
80,971,190
|
Nil
|
|
4
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To re-elect Giles Timothy Clifford as a Director of the
Company
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80,951,190
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99.98%
|
20,000
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0.02%
|
80,971,190
|
Nil
|
|
5
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To re-elect Philip David Newby as a Director of the
Company
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80,951,190
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99.98%
|
20,000
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0.02%
|
80,971,190
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Nil
|
|
6
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To re-elect Adam Reynolds as a Director of the
Company
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80,951,190
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99.98%
|
20,000
|
0.02%
|
80,971,190
|
Nil
|
|
7
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To re-elect Harald Volker Rotsch as a Director of the
Company
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80,951,190
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99.98%
|
20,000
|
0.02%
|
80,971,190
|
Nil
|
|
8
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To reappoint Azets Audit Services LLP as the Company’s
auditors to hold office from the conclusion of this meeting until
the conclusion of the next general meeting at which accounts are
laid before the Company
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80,971,190
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100.00%
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Nil
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Nil
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80,971,190
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Nil
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|
9
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To authorise the Directors to determine the remuneration of
the auditors
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80,951,190
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99.98%
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20,000
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0.02%
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80,971,190
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Nil
|
|
10
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To empower the Directors to allot securities up to an
aggregate nominal amount of £428,019.72 pursuant to the authority
given under section 551 of the Companies Act 2006 (the
“Act”)
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80,951,190
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99.98%
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20,000
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0.02%
|
80,971,190
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Nil
|
|
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Special resolutions
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11
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To approve the general disapplication of pre-emption rights,
up to an aggregate nominal amount of £128,405.92 pursuant to the
authority given in accordance with section 551 of the Act, as if
section 561 of the Act did not apply to the allotment
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80,951,190
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99.98%
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20,000
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0.02%
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80,971,190
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Nil
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12
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To approve the specific disapplication of pre-emption rights,
up to a further aggregate nominal amount of £128,405.92 pursuant to
the authority given in accordance with section 551 of the Act, as
if section 561 of the Act did not apply to the allotment
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80,951,190
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99.98%
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20,000
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0.02%
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80,971,190
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Nil
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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.
Enquiries
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OTAQ PLC
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+44 (0) 1524 748028
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Adam Reynolds, Non-Executive Chairman
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Phil Newby, Chief Executive Officer
Justine Dowds, Chief Financial Officer
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Dowgate Capital Limited - AQSE
Corporate Advisor & Broker
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+44 (0)20 3903 7715
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David Poutney / James Serjeant
Nicholas Chambers / Russell Cook
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Walbrook PR Limited – PR
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+44 (0)20 7933 8780
07971221972 or 07748325236
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Tom Cooper / Nick Rome
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OTAQ@walbrookpr.com
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About OTAQ
OTAQ is a highly innovative technology company targeting the
aquaculture and offshore markets. It already has a number of
established products in its portfolio and is focused on further
developing its presence, customer base and cross selling
opportunities within core markets both organically and via
acquisition.
OTAQ’s aquaculture products, which include a sonar device
(developed for Minnowtech LLC) to scan shrimp in ponds and water
quality monitoring, are focused on maximising welfare and
production yields. Additionally, the Company is developing a
potentially game changing live plankton analysis product for
finfish and shellfish farmers. It also continues to target
opportunities in the acoustic deterrent devices market via its
Sealfence product, which is used by salmon farmers, with global
opportunities in Chile, Australia, Canada and Norway.
OTAQ’s offshore product range includes OceanSense subsea leak
detection, Eagle IP camera systems, Lander seabed survey devices
and Subsea electrical connectors and penetrators. It is targeting a
number of growth opportunities in new territories and has a strong
client base including Expro, Amphenol and National Oilwell Varco.
The Company is also focused on the development of new products
through this division, with the aim of increased cross-deployment
of skills and technologies into the aquaculture arena.
The Company is also developing high accuracy location
trackers for specialist applications. Having already added clients
within safety and multiple participant sport/racing applications,
the Company is investigating wider market potential - including
opportunities in the seafood industry.
Dissemination of a Regulatory Announcement, transmitted by EQS
Group.
The issuer is solely responsible for the content of this
announcement.
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