24 Jul 2020 16:26
24 July 2020
Pressure Technologies plc
("Pressure Technologies", the "Company" or the "Group")
Grant of Share Options
Pressure Technologies announces that on 24 July 2020 it granted options over 644,909 new ordinary shares of 5p each in the company. These options were granted to UK based employees of the Group, following an offer to employees to subscribe to the Company's SAYE Share Option Scheme. The options were granted with an exercise price of 66.0p per share and are exercisable at the end of the three year SAYE period.
Of these options, 21,818 were granted to Chris Walters, Chief Executive of the Group and 27,272 were granted to Joanna Allen, Chief Financial Officer of the Group.
Pursuant to the above mentioned award, Chris Walters has a total of 21,818 and Joanna Allen a total of 27,272 Ordinary Shares under SAYE option schemes.
For further information, please contact:
Pressure Technologies plc Chris Walters, Chief Executive Joanna Allen, Chief Financial Officer | Tel: 0114 257 3616 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: 0203 701 7660 |
COMPANY DESCRIPTION
www.pressuretechnologies.com
With its head office in Sheffield, the Pressure Technologies Group was founded on its leading market position as a designer and manufacturer of high-integrity, safety-critical components and systems serving global supply chains in oil and gas, defence, industrial gases and hydrogen energy markets.
The Group has two divisions, Chesterfield Special Cylinders and Precision Machined Components.
Chesterfield Special Cylinders (CSC) - www.chesterfieldcylinders.com
● Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland GmbH and Chesterfield Special Cylinders Inc.
Precision Machined Components (PMC) - www.pt-pmc.com
● Precision Machined Components includes the Al-Met, Roota Engineering, Quadscot Precision Engineers and Martract brands.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Chris Walters | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer (PDMR) | |
b) | Initial notification /Amendment | Initial | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Pressure Technologies plc | |
b) | LEI | 213800PTKN1VDP2DIN05 | |
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Share Option Scheme
GB00B1XFKR57 | |
b) | Nature of the transaction | Granting of Share Options | |
c)
| Price(s) and volume(s)
| Price | Volume |
66.0p | 21,818 | ||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | |
e) | Date of the transaction | 24 July 2020 | |
f) | Place of the transaction | Off market transaction | |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a) | Name | Joanna Allen | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer (PDMR) | |
b) | Initial notification /Amendment | Initial | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Pressure Technologies plc | |
b) | LEI | 213800PTKN1VDP2DIN05 | |
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a)
| Description of the financial instrument, type of instrument
Identification code
| Share Option Scheme
GB00B1XFKR57 | |
b) | Nature of the transaction | Granting of Share Options | |
c)
| Price(s) and volume(s)
| Price | Volume |
66.0p | 27,272 | ||
d)
| Aggregated information
- Aggregated volume
- Price
| N/A | |
e) | Date of the transaction | 24 July 2020 | |
f) | Place of the transaction | Off market transaction | |
Pressure Tech (PRES)