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  2. Share Prices
  3. Pressure Tech Share Price
  4. Pressure Tech Share Regulatory News
  5. Receipt of Promissory Note

Pin to quick picksPressure Tech Regulatory News (PRES)

Pressure Tech Information

Share Price Information for Pressure Tech (PRES)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 37.50
Bid: 36.00
Ask: 39.00
Change: 0.00 (0.00%)
Spread: 3.00 (8.333%)
Open: 37.50
High: 38.00
Low: 37.50
Prev. Close: 37.50
PRES Live PriceLast checked at -

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Receipt of Promissory Note

17 Feb 2021 07:00

RNS Number : 3012P
Pressure Technologies PLC
17 February 2021
 

Pressure Technologies plc

("Pressure Technologies" or "the Group")

Receipt of Promissory Note

Pressure Technologies (AIM: PRES), the specialist engineering group, is pleased to announce that the outstanding principal of £3.1 million on the Promissory Note, payable under the Framework Agreement with Greenlane Renewables Inc., Creation Partners LLP and Brad Douville (the "Framework Agreement") announced on 3 July 2020, has been repaid in full, together with an interest payment of £0.3 million.

Repayment has been made earlier than the previously announced Promissory Note final maturity date of 30 June 2021 and concludes all arrangements made under the Framework Agreement.

The total consideration received by the Group for the disposal of PT Biogas Holdings Limited in June 2019 is £10.1 million. As previously outlined, the proceeds will be used to reduce the Group's debt.

 

ENDS

For further information, please contact:

Pressure Technologies plc

Chris Walters, Chief Executive

Tel: 0330 015 0710

PressureTechnologies@houston.co.uk

N+1 Singer (Nomad and Broker)

Mark Taylor / Carlo Spingardi

Tel: 0207 496 3000

Houston (Financial PR and Investor Relations)

Kate Hoare / Anushka Mathew / Ben Robinson

Tel: 0204 529 0549

 

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END
 
 
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5th Feb 20157:00 amRNSUpdate on Trading and Prospects
30th Jan 20153:14 pmRNSTotal Voting Rights
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23rd Dec 20143:50 pmRNSIssue of Equity
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15th Dec 20147:30 amRNSGrant of Share Options
9th Dec 20147:00 amRNSFinal Results
28th Nov 20147:00 amRNSTotal Voting Rights
27th Nov 201411:21 amRNSChange of Registered Office
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