Issue of Equity

RNS Number : 7629X
Pressure Technologies PLC
02 September 2015
 

 

2 September 2015

 

Exercise of Options / Issue of Equity

 

Pressure Technologies plc ("the Company") announces that it has issued and allotted 20,040 new ordinary shares of 5p each in the Company, following an exercise of options pursuant to the Company's SAYE scheme. The options were exercised at a price of 150 pence 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 7 September 2015.

 

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 14,397,170.

 

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 plc

John Hayward, Chief Executive

Jo Allen, Group Finance Director

Keeley Clarke, Investor Relations

Tel: 0114 257 3616

www.pressuretechnologies.com

Tavistock

Simon Hudson

Tel: 020 7920 3150

Cantor Fitzgerald Europe (Nominated Adviser and Broker)

Philip Davies / Will Goode

Tel: 020 7149 6942

 

COMPANY DESCRIPTION

 

Company description - www.pressuretechnologies.com

 

With its head office in Sheffield and its origins going back to 1897, Pressure Technologies is a growing, profitable, 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 four divisions, Precision Machined Components, Cylinders, Engineered Products 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, acquired in October 2014 www.quadscot.co.uk

 

Cylinders

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

·      Kelley GTM Manufacturing, Amarillo - 40% stake acquired by the Group in December 2013 www.kelleygtm.com

 

Engineered Products

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

 

Alternative Energy

·      Chesterfield BioGas, Sheffield, renamed Greenlane Biogas UK on 5 June 2015, founded in 2008

·      Greenlane, acquired in October 2014 www.greenlanebiogas.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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