SRT Marine Systems Announces Share Option Adjustments and Trading Update

SRT Marine Systems ( (GB:SRT) ) has shared an update.

SRT Marine Systems PLC announced a correction to the number of ordinary shares applied for trading on AIM, adjusting it to 175,000. The company granted options to executive director Jean Francois Bonnin over 500,000 shares, with options vesting annually over five years. Bonnin exercised 175,000 options from a previous grant, selling the shares to meet tax obligations. This transaction leaves Bonnin with 825,000 share options, while the company has 11,935,000 options in issue, representing 4.8% of its issued share capital. The new shares are expected to be admitted to trading on AIM on June 10, 2025, impacting the company’s total voting rights.

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 company specializing in maritime domain awareness systems and technologies. Their products are used for security, safety, environmental protection, and management by coast guards, fishery authorities, infrastructure, and vessel owners. The company’s applications include security, search and rescue, law enforcement, fisheries management, illegal fishing detection, and environmental monitoring.

Average Trading Volume: 318,857

Technical Sentiment Signal: Buy

Current Market Cap: £166.2M

For an in-depth examination of SRT stock, go to TipRanks’ Stock Analysis page.