The directors recognise the importance of and are committed to high standards of corporate governance. Changes to the AIM rules as of 30 March 2018 require AIM companies to apply a recognised corporate governance code. Of the two widely recognised formal codes the directors have decided to adhere to the Quoted Companies Alliance’s Corporate Governance code for small and mid-size quoted companies. The Group’s statement of compliance with this code can be found here.
Key Information
Key Information
| Full Company Name | SRT Marine Systems plc. |
|---|---|
| Registered Number | 5459678 |
| Number of Securities in Issue | 222,634,086 |
| Percentage not in public hands | 11.73% |
| Product safety | IEC 60945 Ed 4.0 |
| SEDOL Number | 80M8KM3 |
| ISIN Number | GB00B0M8KM36 |
| Quoted on the Alternative Investment Market (AIM) |
People
EXECUTIVE DIRECTORS
Simon Tucker
CHIEF EXECUTIVE OFFICERSimon joined SRT in 2002 as an advisor to the Board, and became CEO in 2008. With over 16 years experience of creating, building and running international businesses, Simon drives the business in an aggressive yet disciplined style.
Neil Peniket
CHIEF OPERATING OFFICERAs COO Neil has responsibility for the delivery of all technology and product development and manufacturing of all SRT products. A Chartered Electrical Engineer, Neil has worked in the electronics industry for 18 years.
Richard Hurd
CHIEF FINANCIAL OFFICERRichard joined SRT in January 2009. An ACA qualified accountant, he has many years of combined commercial and professional practice experience which is an asset now of benefit to SRT.
Jean-Francois Bonnin
PRODUCT MANAGEMENT DIRECTORA meteo-scientist, Jean-Francois joined SRT in 2020 after a successful career in the French Navy and fisheries monitoring. He is in charge of the SRT product development roadmap, defining our functionality.
Kevin Finn
CHAIRMANKevin experience brings significant expertise in respect to managing complex product supply chains, large dealer networks, big data systems, completion of acquisitions and negotiation of contracts all of which are highly relevant to SRT.
Simon Rogers
Non Executive DirectorSimon had a career in Marketing and Business Management before establishing two successful technology media businesses. He is a founder investor in SRT, being one of the main backers of the initial buyout.
Simon Barrell
Non Executive DirectorSimon joined SRT in July 2019 and is a qualified, experienced FD, latterly specialising in acquisitions, closures, mergers and the management of AIM flotations. He is also an experienced Non-Executive Director of several plc’s.
Aim Rule 26 Information
The following information is being disclosed for the purposes of Rule 26 of the AIM Rules for Companies. This information was updated on 30 January 2024.
DESCRIPTION OF THE BUSINESS
The SRT Marine Systems plc (‘SRT’) group of companies develop and provide technologies, products and services which enhance maritime domain awareness. Globally there are 26 million vessels, 1.6 million km of coastline and thousands of major ports. Today, 90% of global trade by value relies on this vital infrastructure to be transported from one place to the next by sea. SRT develops sophisticated wireless communication technologies, products and services that significantly enhance the safety and security of the global maritime domain. In recent years, a new technology called Automatic Identification System (AIS) has been introduced by the International Maritime Organisation (IMO) and adopted globally as the standard maritime domain information technology system. This sophisticated and complex mesh network technology enables the precise identification and monitoring of all marine traffic as well as a platform to communicate other information and services applicable to the marine environment. SRT has deployed its internal wireless communication development abilities to create a range of AIS technology and product solutions which marine electronics companies can use to create their own unique AIS products. Over the last decade, SRT has invested heavily in the creation of a wide range of best in class AIS products and a global network of customers each with their own established brands and sales channels. SRT develops and sells a range of core technology modules and standard OEM products to existing marine electronics companies who wish to have their own AIS product range. Market applications for the products range from leisure through to commercial and homeland security.
NUMBER OF SECURITIES IN ISSUE
222,634,086 There are no other exchanges or trading platforms on which SRT Marine Systems plc. has applied or agreed to have its AIM securities admitted or traded. There are no restrictions on the transfer of AIM securities.
COUNTRY OF INCORPORATION AND MAIN COUNTRY OF OPERATION
SRT Marine Systems plc. was incorporated in England and Wales on 23rd May 2005. All operations are located in the UK.
ADMISSION TO AIM
SRT Marine Systems plc. floated on AIM on 2nd November 2005.
