Director/PDMR Shareholding

RNS Number : 9105M

Pressure Technologies PLC

21 July 2014

 



                                                                                                                                                                                   21 July 2014

Pressure Technologies plc

("Pressure Technologies", the "Group" or the "Company")

Director Shareholding

The Board of Pressure Technologies has been informed that following the admission to trading on AIM of 51,612 new ordinary shares on 18 July 2014, the 1,002,221 ordinary shares held by John Hayward, Chief Executive, now represents 6.98 per cent. of the Company's issued share capital, rather than 7.01 per cent.

For further information, please contact:

Pressure Technologies plc John Hayward, Chief Executive James Lister, Group Finance Director	Today only:  020 7920 3150 Thereafter:  0114 242 7500 www.pressuretechnologies.com
Tavistock Communications Catriona Valentine / Emma Blinkhorn	Tel:  [phone]
Charles Stanley Securities (Nomad and broker) Philip Davies / Carl Holmes	Tel:  [phone]

Company description - www.pressuretechnologies.com

With its head office in Sheffield and its origins going back to 1897, Pressure Technologies is a growing, profitable, debt-free, dividend paying, AIM listed, leading designer and manufacturer of speciality engineering solutions for high pressure systems serving large global markets. The company is building a highly profitable group of companies, specialising in technology for the containment and control of liquids and gases in pressure systems through a combination of organic initiatives and acquisitions.

Pressure Technologies has three divisions, Cylinders, Engineered Products and Alternative Energy,serving four markets: oil and gas, defence, industrial gases and alternative energy.

Cylinders

·   Chesterfield Special Cylinders, Sheffield, cornerstone at IPO in 2007 www.chesterfieldcylinders.com

·   Kelley GTM Manufacturing, Amarillo - 40% stake acquired by the Group in December 2013 with an option to acquire a further 40% in 2015 www.kellygtm.com

Engineered Products

·   Al-Met, Mid Glamorgan, acquired in 2010 www.almet.co.uk

·   Hydratron, Manchester and Houston, acquired in 2010 www.hydratron.co.uk

·   Roota Engineering Limited, Rotherham, acquired in March 2014 www.roota.co.uk

Alternative Energy

·   Chesterfield BioGas Limited, Sheffield, founded in 2008 www.chesterfieldbiogas.co.uk 

 

END

 

 

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