Fladgate LLP has advised Hertsford Capital plc on its takeover of aquaculture products developer OTAQ Group Limited and its re-admission to and trading on the London Stock Exchange’s Main Market.
Operating in strong growth market, OTAQ Group has developed products for aquaculture, offshore energy, renewable and oceanographic research, and intends to expand its product range to cover biomass measurement and bloom and plankton detection. With a market capitalisation of £17.6 million on admission, Hertsford Capital plc will be renamed OTAQ plc.
Commenting on the transaction, head of the corporate department David Robinson said, “We are pleased to have advised Hertsford Capital on this significant transaction, and to support its Main Market listing, especially during challenging market conditions posed by Covid-19. This transaction highlights the team’s agility and adaptability: rising above challenges to deliver the highest quality service to our clients.”
The Fladgate team was led by David Robinson, who was assisted by Associates Alex Taylor and Mary Liu.
Fladgate has acted on a wide array of equity capital market transactions, including advising: