SRT Marine Systems launches Subscription, Placing and Retail Offer to raise £8.5 million
November 2024
SRT Marine Systems is an AIM listed global leader and innovator in maritime surveillance, intelligence, navigation safety and situational awareness. Their core technologies enable products that are used globally by customers who range from national governments seeking to conserve and secure their vast national maritime areas to individual vessel owners and operators seeking to enhance safety and commercial efficiencies.
Their systems give customers the focused intelligence and maritime domain awareness they need to operate effectively and efficiently. Coast Guards are able to immediately detect, identify and characterise events and precisely task assets according to specific event need, fishing agencies can track and monitor all fishing activities and detect any illegal fishing, infrastructure owners can ensure security and safety, vessel operators can navigate safely and efficiently. Our global market opportunity is almost limitless and at the beginning of its digitisation.
Subscription, Placing and Retail Offer to raise £8.5 million
The Fundraising with existing investors is to raise £8.5 million through the issue of 24,285,713 New Ordinary Shares at the Issue Price including a Retail Offer to be made available to existing shareholders for up to 5,714,285 New Ordinary Shares to be subscribed for at the Issue Price to raise up to £2.0 million which are subject to, and conditional on, the Fundraising Resolutions being passed at the General Meeting, Admission is expected to occur on 3rd December 2024.
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Having helped SRT with their previous fundraising in December 2023, the Perivan shareholder communications team was delighted to work with Cavendish Capital Markets who acted as Nominated Adviser, Broker and Bookrunner and CMS Cameron McKenna Nabarro Olswang who acted as Solicitors on the documentation which was successfully completed and posted to qualifying shareholders on 14th November 2024.
Perivan is the market leader for admission document production and specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.
