Last checked at 12 Nov 2019 18:00
Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil Equipment & Services
12 November 2019
Plexus Holdings PLC ('Plexus' or 'the Company')
Posting of Annual Report & Notice of AGM
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce that its Annual Report & Accounts and Notice of Annual General Meeting have been posted to shareholders.
The Annual General Meeting will be held at the offices of Fox Williams LLP, 10 Finsbury Square, London, EC2A 1AF on Thursday 5th December 2019 at 2.30 p.m.
The Annual Report is available for download from the Company's website www.plexusplc.com.
**ENDS**
For further information please visit www.plexusplc.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.