SRT Marine Systems 34.5p £56.7m (SRT.L) The provider of maritime surveillance, monitoring and management systems, has updated on trading. “We are pleased to advise that our Philippines fisheries management system project has recommenced, with a significant cash payment having been received this week. The revised project plan agreed with our customer seeks to accelerate implementation to make up for as much of the time lost due to the 5 month pause as is logistically possible. We are also pleased to advise that in the Middle East that final contract negotiations have recommenced and therefore, subject to completion of their respective internal processes, these are expected to conclude soon with the projects commencing in the coming months. Furthermore, our transceivers business has performed better than expected in the current circumstances, achieving gross sales during the first financial quarter 2% ahead of the of the same quarter for the previous financial year.” #SRT
SRT Marine Systems Plc (SRT.L) Announced that its Philippines fisheries management system project has recommenced, with a significant cash payment having been received this week. The company is also pleased to advise that in the Middle East final contract negotiations have recommenced and therefore, subject to completion of their respective internal processes, these are expected to conclude soon with the projects commencing in the coming months. Furthermore, its transceivers business has performed better than expected in the current circumstances, achieving gross sales during the first financial quarter which is 2.0% ahead of the same quarter for the previous financial year. Due to Covid-19 restrictions the completion of its audit process will be later than normal, and therefore its annual results for the year ending 31 March 2020 are expected to be released on Monday, 7 September 2020, and its AGM will take place at its Somerset offices on Thursday, 15 October 2020. A live web cast will be undertaken by Simon Tucker at 08.00 A.M. on Wednesday, 15 July 2020 to answer shareholder questions. #SRT
RNS Number: 6490 S SRT Marine Systems PLC 10 July 2020 SRT MARINE SYSTEMS PLC. Live Webcast 8:00am Wednesday, 15 th July 2020. The Company announces that there will be an open live shareholder webcast at 8.00 a.m. on Wednesday, 15 th July 2020, providing an update on Company operations and activities..
We are pleased to advise that our Philippines fisheries management system project has recommenced, with a significant cash payment having been received this week. We are also pleased to advise that in the Middle East that final contract negotiations have recommenced and therefore, subject to completion of their respective internal processes, these are...
RNS Number: 1339 O SRT Marine Systems PLC 27 May 2020. SRT Marine Systems plc, a global provider of maritime surveillance, monitoring and management systems, announces that share options have been granted to Executive and Non-Executive Directors.. Richard Hurd, CFO, has been granted Options over 600,000 ordinary shares, and Neil Peniket, COO, has been granted...
SRT Marine Systems PLC, a global provider of maritime surveillance, monitoring and management systems, announces that it was notified on 7 May 2020 Simon Tucker, Chief Executive Officer of the Company, has exercised share options over a total of 2,200,000 ordinary shares of 0.1 pence each in the Company at a strike price of £0.09 pence each..
RNS Number: 2215 K SRT Marine Systems PLC 20 April 2020. SRT notes that as a result of his participation in the latest fundraise, Mr Simon Tucker, Chief Executive Officer of the Company has acquired 400,000 new ordinary shares of 0.1 p each in SRT at a price of 25 pence per share.. Tucker is interested in 1,607,440 ordinary shares, representing c.1 per cent. of the...
SRT Marine Systems 32p £51.9m (SRT.L) The global provider of maritime surveillance, vessel tracking, monitoring, management and safety systems, has completed its COVID-19 resilience financing, raising a total of £5.3m of cash in a combination of loans and equity. On 7 April 2020, the Company announced that it had raised an aggregate of £2.8m from investors. We can now announce that the Company has agreed an additional £2.5m loan facility provided by its main bank, bringing the total raised to £5.3m. The bank loan is being provided with the support of the UK government Coronavirus Business Interruption Loan Scheme (CBILS) and as such is interest and fee free and repayable in one year. #SRT
SRT Marine Systems Plc #SRT announced that it has completed its COVID-19 resilience financing, raising a total of £5.3 million of cash in a combination of loans and equity.
RNS Number: 9573 J SRT Marine Systems PLC 17 April 2020 THIS ANNOUNCEMENT, INCLUDING THE APPENDIX AND THE INFORMATION CONTAINED IN IT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH...
RNS Number: 7137 J SRT Marine Systems PLC 15 April 2020 TR-1: S tandard form for notification of major holdings. 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.
RNS Number: 1039 J SRT Marine Systems PLC 07 April 2020 TR-1: S tandard form for notification of major holdings. 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.
RNS Number: 9834 I SRT Marine Systems PLC 07 April 2020. SRT, the global provider of maritime surveillance, vessel tracking, monitoring, management and safety systems, announces that further to the Placing and PrimaryBid Offer announcements made yesterday at 17:00 and 17:01, respectively, the PrimaryBid Offer has closed, raising proceeds of £302,005 through...
RNS Number: 9639 I SRT Marine Systems PLC 06 April 2020 SRT MARINE SYSTEMS PLC. Live Webcast 8:00am Wednesday, 8 th April 2020. The Company announces that there will be an open live shareholder webcast at 8.00 a.m. on Wednesday, 8 th April 2020, providing an update on Company operations and activities..
RNS Number: 9622 I SRT Marine Systems PLC 06 April 2020. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION 596/ 2014.. SRT, the global provider of maritime surveillance, vessel tracking, monitoring, management and safety systems, is pleased to announce that following the completion of a placing of 6 million...
RNS Number: 9613 I SRT Marine Systems PLC 06 April 2020 THIS ANNOUNCEMENT, INCLUDING THE APPENDIX AND THE INFORMATION CONTAINED IN IT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH...
SRT Marine Systems Plc #SRT announced, in its trading update for the current financial year ending 31 March 2020, that the company has received formal written notification, confirming the status of the Middle East system contracts, whose signing and commencement date is expected to be likely delayed. The reason provided by the customers for the delays are related to their governments' response to Coronavirus which is requiring them to immediately and unexpectedly reprioritise their short-term operational focus, combined with expected restriction of movement of goods and people. The initial contractual milestone deliverables relevant to the current financial year are the GeoVS data centre systems, which would be required to be delivered within the first few weeks of the contract signings and generate approximately £14 million of revenues. The balance of the system will be delivered across multiple milestones of various values over an 18-month period. However, because of the expected delay, the first milestones are now expected to be completed and their associated revenue recognised in the next financial year which commences on 1 April 2020. The effect of this change to the current financial year will be to reduce expected year end revenues to £17.5 million with an expected loss before tax of approximately £3.8 million.
Following recent advice in respect of Middle East system contracts with an aggregate value of £65 m that contracting process formalities were now complete and the contracts scheduled for signature and commencement during March, the Company has received formal written notification, confirming the status of the contracts, but also that their expected...
RNS Number: 4921 F SRT Marine Systems PLC 10 March 2020 SRT MARINE SYSTEMS PLC. Live Webcast 8:00am Wednesday, 11 th March 2020. The Company announces that there will be an open live shareholder webcast at 8.00 a.m. on Wednesday, 11 th March 2020, providing an update on Company operations and activities..
RNS Number: 9915 E SRT Marine Systems PLC 04 March 2020 TR-1: S tandard form for notification of major holdings. 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.
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