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London Stock Exchange welcomes Ocean Harvest Technology Group plc to AIM

Posted: 04 April 2023

Ocean Harvest Technology Group plc, the largest global producer of animal feed additives from multispecies seaweed blends, is pleased to announce the admission of its entire issued ordinary share capital to trading on AIM, a market operated by the London Stock Exchange plc.

OHT has been admitted to AIM and the commencement of trading of the Group's Ordinary Shares will become effective at 8:00a.m. under the ticker “OHT”. Admission follows a Placing for a total of 37,500,000 new Ordinary Shares at 16p per Ordinary Share, raising gross proceeds of £6 million.

Mark Williams, CEO, Ocean Harvest Technology, commented:

“Today’s listing is an important milestone for Ocean Harvest Technology and will assist the rapid growth of the Group. The funds raised will enable the Group to continue to strengthen its global sales team and build out its supply chain. We will also continue to invest in R&D to innovate and enhance our existing customer offering in the fast growing markets the Group operates in.

"I am grateful for all the hard work of our team, and I would like to thank our new and existing shareholders for their support. We are confident in our ability deliver on the opportunities ahead and I look forward to providing updates on our progress as our business develops."

Mark Williams, CEO, Ocean Harvest Technology, commented:

“Today’s listing is an important milestone for Ocean Harvest Technology and will assist the rapid growth of the Group. The funds raised will enable the Group to continue to strengthen its global sales team and build out its supply chain. We will also continue to invest in R&D to innovate and enhance our existing customer offering in the fast growing markets the Group operates in.

"I am grateful for all the hard work of our team, and I would like to thank our new and existing shareholders for their support. We are confident in our ability deliver on the opportunities ahead and I look forward to providing updates on our progress as our business develops."

Ocean Harvest Technology is one of the leading commercial scale producers of seaweed blend ingredients for the animal feed market.

The Group was founded in 2005 on the belief that an investment in research and development would result in the ability to create seaweed ingredients that would deliver a number of specific benefits across multiple animal species based on the polysaccharides and other bioactive ingredients present in particular species of seaweeds.

Since its establishment, the Group, through its research and development programme, continues to build a portfolio of intellectual property and has had commercial success in selling its products as ingredients to improve the efficiency, profitability and sustainability of the animal feed chain by delivering improvements in animal gut health.

The Company has a market leading position, in an industry with high barriers to entry and a large and growing global market. They have robust commercial prospects, sustainable and socially responsible ESG investment led by a credible and experienced management team.

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