OTAQ Plc strengthens employee engagement with new stock grants

OTAQ Plc, an innovative technology company operating in aquaculture, geotracking, and offshore sectors, announced on February 20, 2024 the distribution of 29,997 ordinary shares through its Stock Incentive Plan (SIP) for its employees, including members of the management team. This initiative aims to enhance employee engagement and loyalty by allowing them to acquire company shares while benefiting from a matching share program for each purchased share.

Beneficiaries of this grant, including CEO Philip Newby and CTO Harald Rotsch, have seen their stake in the company increase, marking a significant moment in their careers at OTAQ. The company also announced an increase in voting rights, with the total outstanding shares now amounting to 128,211,022.

This strategic move demonstrates OTAQ's commitment to strengthening its relationship with employees through financial rewards, while adapting to modern talent management practices. These initiatives not only support employees' individual growth but also enhance their sense of belonging to the company, contributing to a strong corporate culture and sustained growth.