Result of AGM

RNS Number : 7964E

Pressure Technologies PLC

12 February 2015

 



12 February 2015

Pressure Technologies plc

Result of Annual General Meeting

Pressure Technologies announces that at the Annual General Meeting held today all of the resolutions were passed with the exception of that dealing with the authority to issue ordinary shares without rights of pre-emption, which was withdrawn at the start of the meeting.

The presentation given by John Hayward, Chief Executive and Alan Wilson, Chairman of Pressure Technologies plc, at the AGM will shortly be available on the Company's website: www.pressuretechnologies.com

For further information, please contact:

Pressure Technologies plc John Hayward, Chief Executive James Lister, Group Finance Director	Tel: [phone] www.pressuretechnologies.com
Tavistock Communications Keeley Clarke / Emma Blinkhorn	Tel:  [phone]
Charles Stanley Securities (Nomad and broker) Philip Davies / Carl Holmes	Tel:  [phone]

Company description

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 with an option to acquire a further 40% in 2015 www.kelleygtm.com

Engineered Products

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

Alternative Energy

•	Chesterfield BioGas, Sheffield, founded in 2008 www.chesterfieldbiogas.co.uk
•	Greenlane, acquired in October 2014 www.greenlanebiogas.com

 

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