SealFence maker OTAQ announces board changes

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Interim Chief Financial Officer stepping down from board role.

OTAQ, marine technology products and solutions group for the aquaculture industry (as well as the offshore oil and gas industries) writes that it has appointed Matt Enright to the Board as Chief Financial Officer and Company Secretary at the company board.

Chartered accountant Matt Enright, who joined the Company in April is replacing interim Chief Financial Officer Simon Walters who oversaw the successful transaction to list OTAQ on the Stock Market and to raise new monies and has stood down from the Board.

OTAQ commenced trading on the Main Market of the London Stock Exchange on the 31st March. As part of the listing process it raised GBP 1.5 million, which is being used to develop operations and pursue its global growth ambitions.

The company develops SealFence, a deterrent system designed to deter seals and sea lions from salmon farms

Alex Hambro, Non-Executive Chairman, commented: “I would like to acknowledge Simon’s significant contribution since the Autumn as Chief Financial Officer in the successful completion of the Hertsford and OTAQ deal. The transaction benefitted greatly from his experience. We wish Simon the very best for the future.

“OTAQ is an ambitious company with a strategy to further expand globally. We have a strong Board and Executive team committed to delivering our innovative products to the aquaculture and offshore industries which are embracing the benefits that applied technologies can bring to their businesses. We welcome Matt to the team and look forward to his contribution.”

Commenting on his appointment Matt Enright added: “I’m delighted to have joined OTAQ at such an exciting time and look forward to working with the team to help continue and build on the recent successes of the business.”