7 Nov 2017 16:30
7 November 2017
Pressure Technologies plc
("Pressure Technologies" or the "Group")
Directors Shareholdings
Further to the announcement on 16 October 2017 that the Group had raised £5.0 million through the placing of 4,100,000 new ordinary shares, these shares were admitted to trading on AIM on 6 November 2017. As a result the percentage shareholdings in the Group held by certain Directors have changed, as detailed in the table below. The number of shares held by each director remains the same as it was before the placing.
Director | Number of shares held | Percentage holding before the placing | Percentage holding following placing |
John Hayward | 1,002,221 | 6.92% | 5.39% |
Philip Cammerman | 30,000 | 0.21% | 0.16% |
Neil MacDonald | 5,100 | 0.04% | 0.03% |
For further information, please contact:
Pressure Technologies plc Keeley Clarke, Investor Relations
| Tell: 0114 257 3622 www.pressuretechnologies.com |
Cantor Fitzgerald Europe (Nominated Adviser and Broker) | Tel: 020 7894 7000 |
Philip Davies / Will Goode
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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.
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 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
Alternative Energy
● Greenlane Biogas, Sheffield, UK; Vancouver, Canada and; Auckland, New Zealand acquired in October 2014 www.greenlanebiogas.com
Pressure Tech (PRES)