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Exercise of Options

16 Feb 2017 12:42

RNS Number : 0960X
Pressure Technologies PLC
16 February 2017
 

16 February 2017

 

Pressure Technologies plc

("Pressure Technologies" or the "Company")

 

Exercise of Options

 

Pressure Technologies plc announces that it has issued and allotted 3,461 new ordinary shares of 5p each in the Company, following an exercise of options pursuant to the Company's SAYE scheme. The options were exercised at a price of 156 pence per share.

 

The new ordinary shares will rank pari passu with existing ordinary shares in the Company and application has been made for these new ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 24 February 2017.

 

Total Voting Rights

 

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of ordinary shares of 5 pence of Pressure Technologies in issue at the date of this notice is 14,482,670.

 

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Pressure Technologies, under the Disclosure and Transparency Rules.

For further information, please contact:

 

Pressure Technologies plc

Keeley Clarke, Investor Relations

 

Tel: 0114 257 3622

www.pressuretechnologies.com

Cantor Fitzgerald Europe

(Nominated Adviser and Broker)

Tel: 020 7894 7000

Philip Davies / Will Goode

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEEAAAKFLFXEFF
Date   Source Headline
7th Oct 20097:00 amRNSPre-close Trading Update
1st Oct 20093:19 pmRNSDirector/PDMR Shareholding
28th Sep 20094:42 pmRNSDirector/PDMR Shareholding
27th Aug 20093:40 pmRNSGrant of Share Options
5th Aug 200911:50 amRNSHolding(s) in Company
4th Aug 20092:47 pmRNSHolding(s) in Company
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8th Jun 200910:48 amRNSHolding(s) in Company
8th Jun 20097:00 amRNSInterim Results 2009
27th May 20097:00 amRNSInterim Results Analyst Briefing
7th Apr 20097:00 amRNSNotice of Results & Pre-Close Trading Statement
4th Feb 20097:00 amRNSAGM Statement
8th Dec 20087:00 amRNSPreliminary Results
26th Nov 20087:00 amRNSNotice of Results
10th Nov 20087:00 amRNSNEW BIOGAS DIVISION
6th Oct 200812:02 pmRNSHolding(s) in Company
6th Oct 20087:00 amRNSPre-Close Trading Update
8th Sep 20087:00 amRNSOVERSEAS NAVAL CONTRACT WIN
5th Sep 20082:14 pmRNSDirector/PDMR Shareholding
4th Sep 20082:36 pmRNSDirector/PDMR Shareholding
20th Aug 20082:07 pmRNSDirector/PDMR Shareholding
18th Aug 20088:50 amRNSDirector/PDMR Shareholding
11th Aug 200812:50 pmRNSHolding(s) in Company
7th Aug 200810:21 amRNSHolding(s) in Company
1st Jul 20083:17 pmRNSDirector/PDMR Shareholding
30th Jun 20087:00 amRNSInterim Results
30th May 20084:02 pmRNSDirectorate Change
22nd Apr 20087:00 amRNSDirector/PDMR Shareholding
16th Apr 200811:19 amRNSHolding(s) in Company
14th Apr 20082:05 pmRNSDirectorate Change
14th Apr 20082:00 pmRNSDirectorate Change
9th Apr 200810:00 amRNSAGM Statement
17th Mar 20084:21 pmRNSAnnual Report and Accounts
11th Mar 200812:04 pmRNSHolding(s) in Company
12th Feb 20082:13 pmRNSDirector/PDMR Shareholding
12th Feb 200811:09 amRNSHolding(s) in Company
11th Feb 20085:14 pmRNSHolding(s) in Company
11th Feb 20085:13 pmRNSHolding(s) in Company
11th Feb 20085:12 pmRNSHolding(s) in Company
11th Feb 20085:10 pmRNSHolding(s) in Company
11th Feb 20085:08 pmRNSHolding(s) in Company
8th Feb 20087:00 amRNSDirector/PDMR Shareholding
4th Feb 20084:43 pmRNSDirector/PDMR S/hldg-Amend
4th Feb 20081:07 pmRNSDirector/PDMR Shareholding
30th Jan 20087:01 amRNSFinal Results
31st Dec 20079:14 amRNSDirectorate Change

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