Posting of Annual Report & Notice of AGM

RNS Number : 8175H

Plexus Holdings Plc

07 December 2020

 

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil Equipment & Services

Plexus Holdings PLC ('Plexus' or 'the Company')

Posting of Annual Report & Notice of AGM

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce that its Annual Report & Accounts and Notice of Annual General Meeting have been posted to shareholders.

The Annual General Meeting (AGM) of the Members of the Company will be held on Wednesday 30^th December 2020 at 2.30 p.m. Due to restrictions arising from the Covid-19 pandemic, the AGM will be a closed meeting at which a quorum will be present in a secure and compliant arrangement. Shareholders have been encouraged to submit their votes by appointing the Chairman of the Meeting as their proxy.

The Annual Report is available for download from the Company's website www.plexusplc.com .

**ENDS**

For further information please visit www.plexusplc.com or contact:

Ben van Bilderbeek	Plexus Holdings PLC	Tel: [phone]
Graham Stevens	Plexus Holdings PLC	Tel: [phone]
Derrick Lee	Cenkos Securities PLC	Tel: [phone]
Frank Buhagiar	St Brides Partners Ltd	Tel: [phone]
Isabel de Salis	St Brides Partners Ltd	Tel: [phone]

NOTES:

AIM-traded oil and gas engineering services company Plexus (AIM: POS) is an IP led company that has developed a range of products and applications based on its patent-protected POS-GRIP friction-grip technology.  Having proved the superior qualities of POS-GRIP within the jack-up wellhead exploration market through the sale of this business to FMC Technologies Limited, a subsidiary of TechnipFMC (Paris:FTI, NYSE:FTI) (jointly "TFMC"), in early 2018, the Company is now focused on establishing its technology and equipment in other markets including surface production wellheads, subsea and de-commissioning, both organically and through licence partners.  In line with this, in November 2020 Plexus entered into a licence agreement with Cameron International Limited, which grants the Schlumberger group company a non-exclusive licence to use the POS-GRIP and HG® metal-to-metal seal method of wellhead engineering for the development of conventional and unconventional oil and gas surface wellheads.

Plexus' suite of ongoing products and applications include: "HG" wellheads, which combine POS-GRIP technology with gas tight metal sealing; the Python® subsea wellhead (a new standard for subsea wellheads - developed in a Joint Industry Project supported by Royal Dutch Shell, BG (now owned by Shell), Wintershall, Total, Maersk (now owned by Total), Tullow Oil, eni, Senergy (now Lloyds register), and Oil States Industries Inc); the POS-SET™ connector for the growing de-commissioning and abandonment market; and Tersus-PCT, an innovative HP/HT tie back connector product. The Company also has a collaboration agreement in place with TFMC, which provides a platform to further develop and commercialise these and other applications based on its POS-GRIP technology.

 

END

 

 

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