POS Plexus Holdings Plc

 

TIDMPOS 
 
RNS Number : 3412E 
Plexus Holdings Plc 
18 December 2009 
 

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services 
 
 
18 December 2009 
Plexus Holdings PLC ('Plexus' or 'the Company') 
Directors and Employees Grant of Options 
 
 
Plexus Holdings plc, the AIM quoted oil and gas engineering services business 
and owner of the proprietary POS-GRIP  method of wellhead engineering, announces 
that on 17 December 2009 it granted an award of share options under the 2005 
Share Option Scheme ('the Scheme') to each of the following Directors to acquire 
ordinary shares of 1p each in the Company ('Shares') at a strike price of 41p 
per share up to the maximum number detailed below: 
 
 
+------------------------+------------------------+------------------------+ 
| Name of Director       | Maximum number of      | Maximum total number   | 
|                        | Shares subject to the  | of Shares over which   | 
|                        | award                  | options/awards held    | 
|                        |                        | under the 2005 Share   | 
|                        |                        | Option Scheme          | 
|                        |                        | following              | 
|                        |                        | notification(including | 
|                        |                        | this award)            | 
+------------------------+------------------------+------------------------+ 
| Ben van Bilderbeek     | 332,110                | 786,316                | 
+------------------------+------------------------+------------------------+ 
| Graham Stevens         | 217,795                | 515,379                | 
+------------------------+------------------------+------------------------+ 
| Craig Hendrie          | 217,795                | 515,379                | 
+------------------------+------------------------+------------------------+ 
 
 
In addition, on the same date the Company granted awards of share options under 
the Scheme to employees of the Group to acquire a maximum total number of 
1,441,925 Shares at the same strike price of 41p per share. 
 
 
All unvested and outstanding options awarded on 19 June 2008, amounting to 
847,147 options, will be surrendered. There are 1,732,869 of vested options 
which have not yet been exercised and which remain outstanding. 
 
 
The exercise of all of the above options is subject to timing and performance 
criteria set out in the Scheme. 
 
 
For further information, please contact: 
 
 
* * ENDS * * 
 
 
For further information please visit www.posgrip.com or contact: 
+-------------------+-----------------------------+------------------------+ 
| Ben van           | Plexus Holdings PLC         | Tel: 020 7589 8555     | 
| Bilderbeek        |                             |                        | 
+-------------------+-----------------------------+------------------------+ 
| Graham Stevens    | Plexus Holdings PLC         | Tel: 020 7795 6890     | 
+-------------------+-----------------------------+------------------------+ 
| Alex Dewar        | Brewin Dolphin              | Tel: 0845 213 2076     | 
+-------------------+-----------------------------+------------------------+ 
| Felicity Edwards  | St Brides Media & Finance   | Tel: 020 7236 1177     | 
|                   | Ltd                         |                        | 
+-------------------+-----------------------------+------------------------+ 
| Isabel Crossley   | St Brides Media & Finance   | Tel: 020 7236 1177     | 
|                   | Ltd                         |                        | 
+-------------------+-----------------------------+------------------------+ 
 
 
Notes to Editors: 
 
 
Plexus, which began trading on AIM in December 2005, is an established oil and 
gas engineering and services business which supplies wellhead and mudline 
suspension equipment for exploration and production applications based in 
Aberdeen, with an office in London, Cairo, Kuala Lumpur and a presence in 
Houston, Texas. It has developed and patented a method of engineering for oil 
and gas field wellheads and connectors, POS-GRIP, which involves deforming one 
tubular member against another to effect gripping and sealing. 
 
 
POS-GRIP wellhead systems have to date been used or selected to be used in over 
140 oil and gas wells by international companies including BHP Billiton, BG 
International, BP, Brunei Shell Petroleum, Centrica, ConocoPhillips, Dubai 
Petroleum, GDF SUEZ, Global Santa Fe, Maersk, Petro-Canada Trinidad & Tobago, 
Red Sea Petroleum Operating Company, Repsol, RWE, Shell Egypt, StatoilHydro, 
Silverstone Energy, Talisman Energy, Tullow Oil, and Wintershall. 
 
 
The Company plans to accelerate the roll out of POS-GRIP technology as a 
superior alternative to current wellhead technology.  It has particular 
advantages in HP/HT (High Pressure/High Temperature) and X-HP-HT (Extreme High 
Pressure/High Temperature) oil and gas environments for which there is 
increasing demand throughout the world. The Company's long-term goal is to 
develop POS-GRIP technology as the future industry standard for wellhead design. 
This objective includes the distribution of POS-GRIP technology through 
licensees to maximise market penetration. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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