Last checked at 3 Nov 2017 12:31
3 November 2017
Pressure Technologies plc
("Pressure Technologies" or the "Company")
Result of General Meeting
Pressure Technologies plc (AIM: PRES), the specialist engineering group, is pleased to announce that at the general meeting held earlier today, all resolutions proposed were duly passed.
Application has been made for 4,100,000 new ordinary shares, pursuant to the Placing announced on 16 October 2017, to be admitted to trading on AIM and it is expected that admission will occur at 8.00 a.m. on 6 November 2017.
Other than where defined, capitalised terms used in this announcement have the meanings given to them in the Announcement released by the Company on 16 October 2017.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise 18,595,165 Ordinary Shares with voting rights in the Company. This 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, the share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
For further information, please contact:
Pressure Technologies plc John Hayward, Chief Executive Joanna Allen, Group Finance Director Keeley Clarke, Investor Relations
| Tel: 0114 257 3622
|
Cantor Fitzgerald Europe (Nominated Adviser and Broker) | Tel: 020 7894 7000 |
Philip Davies Will Goode
|
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.
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, CSC Deutschland Gmbh, which is based in Dorsten, Germany and Chesterfield Special Cylinders Inc. which is based in Houston, USA www.chesterfieldcylinders.com
Alternative Energy
● Greenlane Biogas, Sheffield, UK and Vancouver, Canada and Greenlane Technologies Auckland, New Zealand (Greenlane Biogas acquired in October 2014) www.greenlanebiogas.com