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Pin to quick picksPlexus Share News (POS)

Share Price Information for Plexus (POS)

London Stock Exchange
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Share Price: 16.00
Bid: 15.50
Ask: 16.50
Change: 0.00 (0.00%)
Spread: 1.00 (6.452%)
Open: 16.00
High: 16.00
Low: 16.00
Prev. Close: 16.00
POS Live PriceLast checked at -

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Plexus Holdings nails down second POS-SET connector order

Wed, 08th Aug 2018 10:48

(Sharecast News) - Plexus Holdings on Wednesday secured a purchase order to supply and rent its POS-GRIP enabled POS-SET Connector technology for well abandonment operations in the North Sea.The oil and gas engineering services business will make the technology available to Oceaneering A/S, Norway for the 10-day abandonment project which will involve using the POS-Grip enabled POS-SET technology to re-connect to a temporarily abandoned well.The technology is designed to support oil field tubing with an externally activated radial friction grip.Plexus chief executive Ben Van Bilderbeek said: "Following the sale of our Jack-Up exploration business to tier one service provider TechnipFMC, this second order for our POS-SET Connector from Oceaneering, which follows on from the first Centrica order, provides a timely reminder that we have a suite of POS-GRIP-enabled products ready for market."Plexus sold its jack-up business, which was concerned with wellhead exploration equipment and services business for jack-up applications, in February for an initial cash consideration of £14.2m.The AIM traded company's board believes that the abandonment market has significant growth potential as a large number of ageing wells reach the end of their lives, potentially providing the company with many further opportunities to provide its POS-SET technology.Van Bilderbeek said the firm's plan for the immediate future is to find business by raising standards across the energy industry through the rolling out of its licensing model.Plexus Holdings' shares were up 3.09% at 50.00p at 1049 BST.
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22 Aug 2023 10:36

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22 Aug 2023 08:35

Plexus Holdings shares rise as announces 60% contract value jump

(Alliance News) - Plexus Holdings PLC on Tuesday announced that the value of a major contract from March has increased by 60%.

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23 May 2023 16:12

TRADING UPDATES: Harworth optimistic on 2027; Plexus extends agreement

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6 Mar 2023 10:32

Plexus wins GBP5 million contract for specialised project application

(Alliance News) - Plexus Holdings PLC on Monday announced it secured an order for its wellhead equipment and sealing technology for a specialised project application.

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6 Mar 2023 09:56

Plexus shares surge after securing £5m order

(Sharecast News) - Engineering services business Plexus has secured a £5.0m has secured an order for its proprietary POS-GRIP HG wellhead equipment and sealing technology for a specialised project application.

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1 Mar 2023 15:21

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1 Mar 2023 14:06

Plexus sublets Burnside House, offloads ground lease

(Sharecast News) - Oil and gas engineering service provider Plexus announced on Wednesday that it has completed a sub-lease of its Burnside House property in Aberdeen to a third party, for 15 years.

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23 Dec 2022 15:40

TRADING UPDATES: Webis wins racetrack deal; Plexus confident

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Parkmead Group PLCAGM
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Beximco Pharmaceuticals LtdAGM
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25 Nov 2022 10:12

Plexus full-year loss widens on higher costs, revenue up

(Alliance News) - Plexus Holdings PLC on Friday reported a widened full-year loss but a rise in revenue on more operational project work.

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20 Oct 2022 13:43

IN BRIEF: Plexus raises GBP1.6 million from loan notes; shares surge

Plexus Holdings PLC - West Sussex-based engineering services provider - Raises GBP1.6 million through the issue of 1.6 million convertible loan notes. Receives GBP1.0 million from OFM Investment Ltd, GBP500,000 from Chief Executive Ben van Bilderbeek, and GBP50,000 from Non-Executive Director Jeff Thrall. OFM is a company connected to Bilderbeek. Says the proceeds will be used for "working capital purposes" and to fund the company's activities as it seeks to capitalise on its "increasing pipeline of opportunities", notably its re-entry into the exploration wellhead rental from Jack-up rigs market where Plexus is in a licencing partnership with Schlumberger. Adds that the loan notes are non-interesting bearing and have a two year long stop maturity date.

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