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Pin to quick picksPressure Tech Share News (PRES)

Share Price Information for Pressure Tech (PRES)

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Share Price: 37.50
Bid: 36.00
Ask: 39.00
Change: 0.00 (0.00%)
Spread: 3.00 (8.333%)
Open: 37.50
High: 37.50
Low: 37.50
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TRADING UPDATES: Zephyr Energy ups revenue outlook; Cap-XX wins order

Tue, 15th Nov 2022 21:55

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Pressure Technologies PLC - Sheffield, England-based engineering firm - Raises gross proceeds of GBP2.3 million in a placing of 7.1 million shares and subscription for 502,292 shares at an issue price of 30 pence per share. The shares will represent approximately 20% of the enlarged share capital. "We are grateful for the support of our shareholders, demonstrated through this fundraising. This investment provides us with the short-term working capital bridge to profitable, cash-generative trading in the year ahead," Chief Executive Officer Chris Walters comments.

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International Personal Finance PLC - Leeds, England-based company which offers small, unsecured cash loans - Launches an offer of senior unsecured 12% sterling-denominated notes due 2027. Says they were issued for general corporate purposes. The new notes are available to retail investors in the UK, it adds. The new notes have a minimum initial subscription amount of GBP2,000 and are available in multiples of GBP100 thereafter. Seperately, unveils exchange offer for 7.75% unsecured sterling denominated 12% notes that are due December 12, 2027. Says that the purpose is to extend the maturity profile of part of the Issuer's debt financing. Expects the notes to be listed on the Financial Conduct Authority's Official List and admitted to trading on the electronic order book for retail bonds of the London Stock Exchange's Main Market.

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PPHE Hotel Group Ltd - Amsterdam-based hotel owner and operator - Says Non-Executive Deputy Chair Kevin McAuliffe has decided to not stand for re-election. "On behalf of the board, I wish to express my gratitude to Kevin for his dedication and service and invaluable contribution to the group over so many years, he has been an integral and valued Board member in helping the Group grow and succeed," Non-Executive Chair Eli Papouchado comments.

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Craven House Capital PLC - London-based investment firm - Says its investee company Garimon Ltd did not participate in the fundraising for Stormfjord Ltd. Says its stake in Stormfjord is 26%. Says Garimon transferred out of the www.onebas.com domain in order to facilitate further fundraising activity focused on the domain.

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Cap-XX Ltd - Sydney-based maker of ultra-thin prismatic and cylindrical supercapacitors - Says Marine Edge ordered its CAP-XX's large, powerful, liquid-cooled supercapacitor modules for its PowerEdge system installations for cargo ships. Does not disclose financial details of the order.

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Tanfield Group PLC - investment firm headquartered in Newcastle upon Tyne - Says Snorkel International Holdings LLC's sales increased "slightly" to USD42.4 million, versus USD42.2m a year before, in the third quarter of 2022. Sales for the first 9 months of 2022 stand at USD131.0 million, versus USD113.9 million a year before. Loss before interest, tax, depreciation, and amortisation amounts to USD3.1 million, compared to a loss of USD2.8m for the third quarter a year prior.

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Zephyr Energy PLC - Oil & gas exploration and development in US Rocky Mountains - Records revenue of USD9.6 million net in its third quarter, giving total revenue for the nine-months to September 30 of USD35.5 million. Operating income totals USD7.9 million, taking the income for the first nine months of 2022 to USD29.8 million. Lifts its full-year revenue forecast to USD40 million from USD45 million from USD35 million to USD40 million. Backs its full-year production forecast of 500,000 to 550,000 barrels of oil equivalent.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
26 Mar 2019 14:22

Gresham House Asset Builds 7% Stake In Pressure Technologies (ALLISS)

LONDON (Alliance News) - Pressure Technologies PLC on Tuesday said that Gresham House Asset Management Ltd now owns a 6.99% stake in the company.Gresham House's holding in the valve to

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8 Feb 2019 13:00

Pressure Technologies says HSE will prosecute subsidiary over fatality

(Sharecast News) - Pressure Technologies said on Friday that the Health & Safety Executive plans to prosecute its subsidiary, Chesterfield Special Cylinders (CSC), in relation to a fatal accident that took place there in June 2015.

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5 Feb 2019 15:57

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 6 FebruaryVictrexDaily Mail and General TrustGraingerImperial Asset Bank of

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1 Feb 2019 10:07

Pressure Technologies Pushing Ahead With Greenlane Biogas Sale

LONDON (Alliance News) - Specialist engineer Pressure Technologies PLC said it is making good progress on the sale of subsidiary PT Biogas Holdings Ltd.Pressure Technologies announced the a

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11 Dec 2018 11:46

Pressure Technologies' loss widens as alternative energy revenue stumbles

(Sharecast News) - Pressure Technologies reported on Tuesday that its full-year loss widened due to the impact of a weak performance in its Renewable Energy division.

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11 Dec 2018 09:56

Pressure Technologies Annual Loss Widens On Lower Number Of Projects

LONDON (Alliance News) - Pressure Technologies PLC on Tuesday said its loss widened in its recently ended financial year, hurt by weakness in its Renewable Energy division.The engineering a

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10 Dec 2018 12:24

Pressure Technologies to offload alternative energy division for £11.1m

(Sharecast News) - Pressure Technologies' shares jumped on Monday after it agreed to sell its alternative energy division to Creation Capital Corp for a total consideration of £11.1m.

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10 Dec 2018 09:24

Pressure Technologies Sells PT Biogas To Canada Firm For GBP11 Million

LONDON (Alliance News) - Pressure Technologies PLC on Monday said it agreed to sell its subsidiary, PT Biogas Holdings Ltd, to Canada-listed Creation Capital Corp for GBP11.1 Tech shares were up A

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31 Jul 2018 13:05

Pressure Technologies Hires Chris Walters To Be CEO From October

LONDON (Alliance News) - Pressure Technologies PLC said on Tuesday that Chief Executive Officer John Hayward will step down on October 1 and be replaced by Chris Walters.The incoming CEO on

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12 Jun 2018 12:18

Pressure Tech Interim Loss Widens As Revenue Falls On Lower Order Book

LONDON (Alliance News) - Pressure Technologies PLC on Tuesday reported a decline in revenue in the first half of its financial year, hit by decline in orders in the Alternative Energy industrial a

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30 May 2018 10:55

Pressure Technologies Shares Drop As Year Set To Be Below Expectations

LONDON (Alliance News) - Shares dropped in Pressure Technologies PLC on Wednesday as the company said its loss-making Alternative Energy division, will bring the group's results for its year a

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13 Dec 2016 09:03

Pressure Technologies Scraps Dividend After Swing To Annual Loss

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12 Dec 2016 16:06

UK Earnings, Trading Statements Calendar - Next 7 Days

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8 Dec 2016 10:05

Pressure Technologies Buys UK Engineer Martract For GBP4.3 Million

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8 Dec 2016 08:43

Pressure Technologies buys Martract for £4.3m

(ShareCast News) - Engineering firm Pressure Technologies has bought rival Martract for £4.3m in order to strengthen its ability to supply bespoke solutions to clients and improve its supply chain. The company said that the acquisition, which is expected to me immediately earnings enhancing, is a "s

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