Plexus Share News (POS)

Plexus Information

Buy POS Shares
Add POS to Watchlist
Add POS to Alert

Share Price Information for Plexus (POS)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 15.50

Bid: 15.00

Ask: 16.00

Change: 0.00 (0.00%)

Spread: 1.00 (6.667%)

Open: 15.50

High: 15.50

Low: 15.50

Prev. Close: 15.50

Last checked at -

IN BRIEF: Plexus lenders exercise call options on loan agreements

Mon, 18th Dec 2023 19:41

Plexus Holdings PLC - AIM-quoted oil and gas engineering services business headquartered in Aberdeen - Updates with regards to the previously announced loan and option agreements. Alongside the loan agreements, which had a total value of GBP700,000, the company entered into primary and secondary call option agreements with Ben van Bilderbeek and Plexus Property International Ltd.

These agreements provided the lenders with the right to exercise a primary option to have their portion of the loans repaid in shares owned by Plexus Ocean Systems Ltd in Kincardine Manufacturing Services Limited, a precision engineering company in which Plexus holds a 49% interest.

Now confirms that the lenders have elected to exercise the primary and secondary options and will be issued with the 49% of shares held by POSL in KMS in return for a further cash payment of GBP300,000 to Plexus; this is in addition to the original GBP700,000 loan funds associated with the primary option.

The sale of this non-core asset has now generated a total of GBP1 million of additional funding which will be used to provide additional working capital for the company.

Current stock price: 19.11 pence

12-month change: up 933%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

2 Feb 2017 08:55

Plexus wins two-year contract extension from Brunei Shell Petroleum

(ShareCast News) - Oil and gas engineering service provider Plexus Holdings' existing contract to supply wellhead and mudline equipment to Brunei Shell Petroleum (BSP) has been extended by a further two years. This is the fourth contract that AIM-listed Plexus has signed with BSP and is an extension

5 Jan 2017 09:02

Plexus Holdings wins second order from Masirah Oil

(ShareCast News) - Oil and gas engineering services business Plexus Holdings announced on Thursday it had been awarded an order for a second well from Masirah Oil, a British Virgin Islands-based company majority owned by leading technology driven oil and gas company REX International Holdings. The A

1 Dec 2016 16:09

UK Shareholder Meetings Calendar - Next 7 Days

31 Oct 2016 09:28

Plexus Holdings slips into losses but confident of oil rebound

(ShareCast News) - AIM-listed Plexus Holdings' revenue decreased due to the drop in oil prices and the reduction in the oil and gas engineer's drilling activities. The sharp fall in oil industry exploration activity following the slump in oil prices has seen the North Sea UK continental shelf especi

13 Jun 2016 16:20

Plexus raises £6m to help it through downturn

(ShareCast News) - Oil and gas engineering services business Plexus Holdings announced on Monday it has agreed the terms of a conditional placing to raise £6m before expenses, by way of a placing of 9,230,770 new ordinary shares at a price of 65p each to new and existing investors. The AIM-traded fi

13 Jun 2016 07:45

Plexus Raises GBP6 Million As It Looks To Replicate North Sea Success (ALLISS)

4 May 2016 07:24

Plexus Wins GBP600,000 Contract From Existing Customer Offshore Norway

26 Apr 2016 09:05

Plexus Raises Funds From Partner To Boost Russian Expansion (ALLISS)

30 Mar 2016 10:05

Plexus Interim Loss Widens As Oil And Gas Downturn Tightens Its Grip

1 Mar 2016 09:15

Plexus Secures New Order From Existing Customer Offshore Norway

2 Feb 2016 09:59

Plexus Holdings Secures First Purchase Order For Asia Joint Venture

26 Jan 2016 10:25

WINNERS & LOSERS SUMMARY: Marston's Merry Christmas Boosts Pub Stocks

26 Jan 2016 10:18

Plexus plummets again despite Russian licensing deals

(ShareCast News) - Shares in Plexus Holdings followed their sizeable fall on Monday with a further 20% decline on Tuesday morning, despite announcing it will license-out its technology to two Russian oil drilling equipment manufacturers. In what is said was a "significant strategic milestone", Plexu

26 Jan 2016 10:01

Plexus Signs Licensing Deal For Russian Market With Two Oil Firms

25 Jan 2016 12:26

Latest Share Chat

Plexus Share News (POS)

Share Price Information for Plexus (POS)

IN BRIEF: Plexus lenders exercise call options on loan agreements

Plexus wins two-year contract extension from Brunei Shell Petroleum

Plexus Holdings wins second order from Masirah Oil

UK Shareholder Meetings Calendar - Next 7 Days

Plexus Holdings slips into losses but confident of oil rebound

Plexus raises £6m to help it through downturn

Plexus Raises GBP6 Million As It Looks To Replicate North Sea Success (ALLISS)

Plexus Wins GBP600,000 Contract From Existing Customer Offshore Norway

Plexus Raises Funds From Partner To Boost Russian Expansion (ALLISS)

Plexus Interim Loss Widens As Oil And Gas Downturn Tightens Its Grip

Plexus Secures New Order From Existing Customer Offshore Norway

Plexus Holdings Secures First Purchase Order For Asia Joint Venture

WINNERS & LOSERS SUMMARY: Marston's Merry Christmas Boosts Pub Stocks

Plexus plummets again despite Russian licensing deals

Plexus Signs Licensing Deal For Russian Market With Two Oil Firms

UPDATE: Plexus Issues Profit Warning As Revenue Is Set To Halve

Latest Share Chat

Plexus Share News (POS)

Share Price Information for Plexus (POS)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Plexus lenders exercise call options on loan agreements

Login to your account

Quickpicks are a member only feature

Login to your account