Last checked at 6 Mar 2019 11:53
6 MARCH 2019
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Pressure Technologies plc
("Pressure Technologies" or the "Company")
Not Guilty Plea Submitted to a Charge Brought by the Health & Safety Executive
Pressure Technologies (AIM: PRES), the specialist engineering group, provides an update in relation to the intended prosecution by the Health & Safety Executive ("HSE") following the fatal accident at its subsidiary Chesterfield Special Cylinders ("CSC") in June 2015.
During the preliminary hearing held today at Sheffield Magistrates Court, Chesterfield Special Cylinders submitted a plea of not guilty to a charge brought by HSE pursuant to the Health and Safety at Work Act 1974. The Company emphatically denies the charge brought by HSE and will deliver a strong defence.
The case was referred to Sheffield Crown Court and will be listed for trial in due course.
The Company continues to take legal advice on this matter and will provide further updates in due course.
For further information, please contact:
Pressure Technologies plc Chris Walters, Chief Executive Joanna Allen, Chief Financial Officer
| Tel: 0114 257 3616 www.pressuretechnologies.com |
Cantor Fitzgerald Europe (Nominated Adviser and Broker) | Tel: 020 7894 7000 |
Philip Davies / Will Goode
| |
Belvedere Communications Keeley Clarke (kclarke@belvederepr.com) Cat Valentine (cvalentine@belvederepr.com)
|
Tel: 07967 816 525 Tel: 07715 769 078 |
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 components and systems serving the global energy, defence and industrial gases markets.
Precision Machined Components - www.pt-pmc.com
● 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
Cylinders
● Chesterfield Special Cylinders, Sheffield, IPO cornerstone in 2007 and includes, CSC Deutschland Gmbh, which is based in Dorsten, Germany and Chesterfield Special Cylinders Inc. which is based in Houston, USA www.chesterfieldcylinders.com