Response to reports in Philippine press
SRT clarifies IMEMS fisheries contract was won competitively and is operational; reaffirms support for Simon Tucker.
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SRT notes the recent share price movement and reporting in the Philippine press with regard to the IMEMS fisheries project.
As noted via an announcement on 24 April 2024, SRT clarifies that the IMEMS contract was won following an open and competitive international tender, which has been successfully implemented and is operational. The Ombudsman has previously confirmed that both SRT and Richard Hurd were cleared of any allegations. The Ombudsman had recommended further investigation into Simon Tucker and other individuals outside of SRT, and we are pleased to see this now moving forward through the Philippine legal process towards a clear resolution. The Board remains fully supportive of Simon who continues with the process to clear his name.
SRT's business continues as normal, both with the existing contractual obligations to support the fully operational first-class fisheries management system as well as on new upcoming business opportunities.
Further updates will be made as appropriate.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.