Pressure Technologies PLC Exercise of Options (7088Z)
17 March 2017 - 12:28AM
UK Regulatory
TIDMPRES
RNS Number : 7088Z
Pressure Technologies PLC
16 March 2017
16 March 2017
Pressure Technologies plc
("Pressure Technologies" or the "Company")
Exercise of Options
Pressure Technologies plc announces that it has issued and
allotted 12,495 new ordinary shares of 5p each in the Company,
following an exercise of options pursuant to the Company's share
option scheme. The options were exercised as part of a net settling
arrangement and consistent with the rules of the LTIP, at nil cost
per share.
The new ordinary shares will rank pari passu with existing
ordinary shares in the Company and application has been made for
these new ordinary shares to be admitted to trading on AIM, which
is expected to occur on or around 23 March 2017.
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure
and Transparency Rules, the total number of ordinary shares of 5
pence of Pressure Technologies in issue at the date of this notice
is 14,495,165.
The above 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 Pressure Technologies, under the Disclosure and Transparency
Rules.
For further information, please contact:
Pressure Technologies Tel: 0114 257 3622
plc www.pressuretechnologies.com
Keeley Clarke, Investor
Relations
Cantor Fitzgerald Europe Tel: 020 7894 7000
(Nominated Adviser and
Broker)
Philip Davies / Will Goode
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. On this
foundation, the company is building a highly profitable group of
companies through a combination of organic initiatives and
acquisitions.
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 www.chesterfieldcylinders.com
-- Kelley GTM Manufacturing, Amarillo, USA - 40% stake acquired by the Group in December 2013 www.kelleygtm.com
Alternative Energy
-- Greenlane Biogas, Sheffield, UK; Vancouver, Canada and;
Auckland, New Zealand acquired in October 2014
www.greenlanebiogas.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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