Last checked at 27 Feb 2017 15:16
Pressure Technologies plc ("the Company")
PDMR transaction - Initial Notification
Pressure Technologies plc announces that on 23 February 2017, 5,000 shares of 5 pence each in the Company were disposed of by Philip Cammerman, a Person Discharging Managerial Responsibility ("PDMR"). This sale was carried out as part of a tax planning exercise. Following the sale Philip Cammerman retains a shareholding of 30,000 shares representing 0.21% of the Company's issued share capital.
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
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a)
| Name
| Philip Cammerman
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2
| Reason for the notification
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a)
| Position/status
| Non-executive Director | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Pressure Technologies plc | |||
b)
| LEI
| 213800PTKN1VDP2DIN05 | |||
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
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a)
| Description of the financial instrument, type of instrument | Ordinary shares of 5 pence | |||
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Identification code | GB00B1XFKR57 | ||||
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b)
| Nature of the transaction | Disposal
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c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 190p | 5,000 |
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d)
| Aggregated information |
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- Aggregated volume | 5,000 | ||||
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- Price | 190p | ||||
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e)
| Date of the transaction
| 23 February 2017 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
Name of authorised official of issuer responsible for making notification:
Alexander Tristram, Company Secretary
Date of Notification:
27 February 2017
COMPANY DESCRIPTION
Company description - www.pressuretechnologies.com
With its head office in Sheffield, Pressure Technologies was founded on its leading market position as a designer and manufacturer of high-pressure systems serving the global energy, defence and industrial gases markets. Today it continues to serve those markets from a broader engineering base with specialist precision engineering businesses and has a worldwide presence in Alternative Energy as a global leader in biogas upgrading. On this foundation, the company is building a highly profitable group of companies through a combination of organic initiatives and acquisitions.
Pressure Technologies has four divisions, Precision Machined Components, Engineered Products, Cylinders and Alternative Energy, serving four markets: oil and gas, defence, industrial gases and alternative energy.
Precision Machined Components
· Al-Met, Mid Glamorgan, acquired in 2010 www.almet.co.uk
· Roota Engineering, Rotherham, acquired in March 2014 www.roota.co.uk
· Quadscot, Glasgow, acquired in October 2014 www.quadscot.co.uk
· Martract Limited, Barton-on-Humber, acquired in December 2016 www.martract.co.uk
Engineered Products
· Hydratron, Manchester, acquired in 2010 www.hydratron.com
Cylinders
· Chesterfield Special Cylinders, Sheffield, IPO cornerstone in 2007 www.chesterfieldcylinders.com
· Kelley GTM Manufacturing, Amarillo, USA - 40% stake acquired by the Group in December 2013 www.kelleygtm.com
Alternative Energy
· Greenlane Biogas, Sheffield, UK; Vancouver, Canada and; Auckland, New Zealand acquired in October 2014 www.greenlanebiogas.com