Change of Adviser
February 23 2010 - 1:00AM
UK Regulatory
TIDMPOS
RNS Number : 5094H
Plexus Holdings Plc
23 February 2010
Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services
23 February 2010
Plexus Holdings PLC ('Plexus' or 'the Company')
Change of Adviser
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business
and owner of the proprietary POS-GRIP method of wellhead engineering, is
pleased to announce the appointment of Cenkos Securities plc as its NOMAD and
broker with immediate effect.
* * ENDS * *
For further information please visit www.posgrip.com or contact:
+---------------+------------------------+-------------------+
| Ben van | Plexus Holdings PLC | Tel: 020 7589 |
| Bilderbeek | | 8555 |
+---------------+------------------------+-------------------+
| Graham | Plexus Holdings PLC | Tel: 020 7795 |
| Stevens | | 6890 |
+---------------+------------------------+-------------------+
| Jon | Cenkos Securities plc | +44 (0)20 7397 |
| Fitzpatrick | | 8900 |
+---------------+------------------------+-------------------+
| Ken Fleming | Cenkos Securities plc | +44 (0)131 220 |
| | | 6939 |
+---------------+------------------------+-------------------+
| Felicity | St Brides Media & | Tel: 020 7236 |
| Edwards | Finance Ltd | 1177 |
+---------------+------------------------+-------------------+
| Isabel | St Brides Media & | Tel: 020 7236 |
| Crossley | Finance Ltd | 1177 |
+---------------+------------------------+-------------------+
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, Bowleven plc, BP, Brunei Shell Petroleum, Cairn Energy, 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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