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SRT Marine Systems Announces Director Share Transactions

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SRT Marine Systems Announces Director Share Transactions

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SRT Marine Systems ( (GB:SRT) ) just unveiled an update.

SRT Marine Systems PLC announced the grant of options, exercise of options, and sale of shares by executive director Jean Francois Bonnin. Bonnin was granted options over 500,000 ordinary shares, which vest annually over five years and are exercisable in tranches based on the company’s share price performance. He exercised 175,000 options from a previous grant and sold the shares to meet tax obligations. Following these transactions, Bonnin holds 825,000 share options, and the company has a total of 11,935,000 options in issue. The new shares are expected to be admitted to trading on AIM, increasing the total voting rights for shareholders.

Spark’s Take on GB:SRT Stock

According to Spark, TipRanks’ AI Analyst, GB:SRT is a Neutral.

While SRT Marine Systems showcases promising business momentum through strategic projects and contracts, it faces substantial financial challenges. The stock’s technical indicators are positive, indicating strong market interest, but financial instability and valuation uncertainties weigh significantly on the overall score.

To see Spark’s full report on GB:SRT stock, click here.

More about SRT Marine Systems

SRT Marine Systems PLC is a global provider of integrated maritime surveillance, monitoring, management, and safety systems. The company’s products are utilized by coast guards, fishery authorities, infrastructure, and vessel owners for managing and controlling maritime domains, with applications in security, safety, search & rescue, law enforcement, fisheries management, illegal fishing detection, and environmental monitoring.

Average Trading Volume: 320,766

Technical Sentiment Signal: Buy

Current Market Cap: £171.2M

See more data about SRT stock on TipRanks’ Stock Analysis page.

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