Last checked at 9 Jan 2020 11:00
Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services
Plexus Holdings plc
Director/PDMR Shareholding
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of engineering announces that J. Jeffrey Thrall, Non-executive Chairman of the Company, has acquired 8,000 Ordinary Shares in Plexus at a price of 33.3 pence per share. Following the purchase, Mr Thrall is interested in a total of 44,307,513* Ordinary Shares.
* J. Jeffrey Thrall has an indirect beneficial interest in a company which controls 32.477% of Mutual Holdings Limited, an entity which holds 42,700,001 shares in the Company. Additionally, J. Jeffrey Thrall has an indirect beneficial interest in Thrall Enterprises, Inc, a company which holds 1,591,512 Ordinary shares in the Company, and he holds 16,000 Ordinary shares directly.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1. | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Jerome Jeffrey Thrall |
2. | Reason for the Notification | |
a) | Position/status | Non-executive Chairman
|
b) | Initial notification/amendment | Initial notification
|
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Plexus Holdings plc
|
b) | LEI | 213800EP3LC8K5TKDU87
|
4. | Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |
a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1 pence each |
Identification code | GB00B0MDF233 | |
b) | Nature of the Transaction | Purchase of Ordinary Shares
|
c) | Price(s) and volume(s) | 8,000 shares at £0.333
|
d) | Aggregated information Aggregated volume Price | n/a |
e) | Date of the transaction | 02 January 2020
|
f) | Place of the transaction | London Stock Exchange, AIM (LON:POS)
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For further information please visit www.posgrip.com or contact:
Ben van Bilderbeek | Plexus Holdings PLC | Tel: 020 7795 6890 |
Graham Stevens | Plexus Holdings PLC | Tel: 020 7795 6890 |
Derrick Lee | Cenkos Securities PLC | Tel: 0131 220 9100 |
Frank Buhagiar | St Brides Partners Ltd | Tel: 020 7236 1177 |
Isabel de Salis | St Brides Partners Ltd | Tel: 020 7236 1177 |
NOTES:
AIM-traded oil and gas engineering services company Plexus (AIM: POS) is an IP-led company that has developed a range of products and applications based on its patent-protected POS-GRIP friction-grip technology. Having proved the superior qualities of POS-GRIP within the jack-up wellhead exploration market through the sale of this business to FMC Technologies Limited, a subsidiary of TechnipFMC (Paris:FTI, NYSE:FTI) (jointly "TFMC"), in early 2018, the Company is now focused on establishing its technology and equipment in other markets including surface production wellheads, subsea and de-commissioning.
Its suite of ongoing products and applications include: "HG" wellheads, which combine POS-GRIP technology with gas tight metal sealing; the Python® subsea wellhead (a new standard for subsea wellheads - developed in a Joint Industry Project supported by Royal Dutch Shell, BG (now owned by Shell), Wintershall, Total, Maersk (now owned by Total), Tullow Oil, eni, Senergy (now Lloyds register), and Oil States Industries Inc); the POS-SET™ connector for the growing de-commissioning and abandonment market; and Tersus-PCT, an innovative HP/HT tie back connector product. Importantly, the Company also has a collaboration agreement with TFMC, which provides a platform to further develop and commercialise these and other applications based on its POS-GRIP technology.