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Pin to quick picksPressure Tech Regulatory News (PRES)

Share Price Information for Pressure Tech (PRES)

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Exercise of Options

2 Mar 2016 14:05

RNS Number : 8264Q
Pressure Technologies PLC
02 March 2016
 

 

2 March 2016

 

Exercise of Options / Issue of Equity

 

Pressure Technologies plc ("the Company") announces that it has issued and allotted 50,600 new ordinary shares of 5p each in the Company, following an exercise of options pursuant to the Company's SAYE scheme. The 50,000 options were exercised at a price of 150.5 pence per share and 600 were exercised at a price of 150 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 8 March 2016.

 

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 14,471,295.

 

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 3616

www.pressuretechnologies.com

Cantor Fitzgerald Europe (Nominated Adviser and Broker)

Philip Davies / Will Goode

Tel: 020 7149 6942

 

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 the 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, Cylinders, Engineered Products 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

 

Cylinders

· Chesterfield Special Cylinders, Sheffield, IPO cornerstone in 2007 www.chesterfieldcylinders.com

· Kelley GTM Manufacturing, Amarillo - 40% stake acquired by the Group in December 2013 www.kelleygtm.com

 

Engineered Products

· Hydratron, Manchester and Houston, acquired in 2010 www.hydratron.com

 

Alternative Energy

· Chesterfield BioGas, Sheffield, founded in 2008. Renamed Greenlane Biogas UK on 5 June 2015.

· Greenlane, 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
 
 
IOEEALDAEELKEFF
Date   Source Headline
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
31st Dec 20077:00 amRNSDirectorate Change
3rd Dec 20074:39 pmRNSGrant of Share Options
11th Oct 20077:00 amRNSTrading Update & Board Change
17th Aug 20074:16 pmRNSAIM Notice (26)
30th Jul 20074:24 pmRNSTrading Statement
16th Jul 20074:38 pmRNSHolding(s) in Company-Amend
13th Jul 200712:48 pmRNSHolding(s) in Company
12th Jul 20079:41 amRNSInvestor Site Visit
29th Jun 20078:01 amRNSTotal Voting Rights
28th Jun 20071:49 pmRNSStatement re recent flooding
6th Jun 20078:00 amRNSFirst Day of Dealings on AIM

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