Plexus Regulatory News (POS)

29 Oct 2009 07:00



Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services

29 October 2009

Plexus Holdings PLC ('Plexus' or 'the Company') 

Final Dividend

Plexus Holdings PLC, the AIM listed oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, is pleased to announce that the proposed final dividend of 0.38p per share will, if approved at the Annual General Meeting on Tuesday 1 December 2009, be paid on 4 December 2009 to all members appearing on the register of members on the record date 6 November 2009. The ex-dividend date for the shares is 4 November 2009.

* * ENDS * *

For further information please visit www.posgrip.com or contact: 

 Notes to Editors:

Plexus, which began trading on AIM in December 2005, is an established oil and gas engineering and services business which supplies wellhead and mudline suspension equipment for exploration and production applications based in Aberdeen, with an office in London, Cairo, Kuala Lumpur and a presence in Houston, Texas. It has developed and patented a method of engineering for oil and gas field wellheads and connectors, POS-GRIP, which involves deforming one tubular member against another to effect gripping and sealing.

POS-GRIP wellhead systems have to date been used or selected to be used in over 140 oil and gas wells by international companies including BHP Billiton, BG International, BP, Brunei Shell Petroleum, Centrica, ConocoPhillips, Dubai Petroleum, GDF SUEZ, Global Santa Fe, Maersk, Petro-Canada Trinidad & Tobago, Red Sea Petroleum Operating Company, Repsol, RWE, Shell Egypt, StatoilHydro, Silverstone Energy, Talisman Energy, Tullow Oil, and Wintershall. 

The Company plans to accelerate the roll out of POS-GRIP technology as a superior alternative to current wellhead technology. It has particular advantages in HP/HT (High Pressure/High Temperature) and X-HP-HT (Extreme High Pressure/High Temperature) oil and gas environments for which there is increasing demand throughout the world. The Company's long-term goal is to develop POS-GRIP technology as the future industry standard for wellhead design. This objective includes the distribution of POS-GRIP technology through licensees to maximise market penetration.