Last checked at 15 Jan 2019 10:10
Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil Equipment & Services
Plexus Holdings PLC ('Plexus' or 'the Company')
Posting of Circular and
Notice of General Meeting
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 confirm that further to the notification released on 14 January 2019 regarding the proposed off-market buyback of Ordinary Shares from LLC Gusar (OOO Gusar), the Company has posted a circular and notice of general meeting, together with a form of proxy, to Shareholders of the Company.
The circular and notice of general meeting is available on the Company's website at www.plexusplc.com.
The general meeting is to be held at the offices of Fox Williams LLP at 10 Finsbury Square, London EC2A 1AF on 1 February 2019 at 2.30p.m.
**ENDS**
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 ("FMCT"), a subsidiary of TechnipFMC (Paris:FTI, NYSE:FTI), in early 2018, the Company is now focused on establishing its technology and equipment in other markets including surface production, subsea and de-commissioning.
Its suite of new products and applications includes: the Python™ Subsea Wellhead (a new standard for subsea wellheads - supported by BG, Royal Dutch Shell, Wintershall, Maersk, Total, Tullow Oil, eni, Senergy, and Oil States Industries Inc); the POS-SET™ Connector for the growing de-commissioning and abandonment market; HP/HT dual marine barrier risers which provide an efficient, safe and cost effective solution for use on jack-up rigs; an innovative HP/HT Tie-Back connector product; and a new Well Tree product. Importantly, the Company has a Collaboration Agreement with TFMC, which provides a platform to seek to further develop and commercialise these and other applications utilising POS-GRIP technology.