TIDMPOS

RNS Number : 0931X

Plexus Holdings Plc

30 November 2010

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services

30 November 2010

Plexus Holdings PLC ('Plexus' or 'the Company')

AGM Resolutions

Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP(R) method of wellhead engineering, announces that all of the resolutions proposed at the Annual General Meeting of the Company held earlier today were duly passed.

* * ENDS * *

For further information please visit www.posgrip.com or contact:

 
 Ben van Bilderbeek   Plexus Holdings PLC         Tel: 020 7795 6890 
 Graham Stevens       Plexus Holdings PLC         Tel: 020 7795 6890 
 Jon Fitzpatrick      Cenkos Securities PLC       Tel: 020 7397 8900 
 Ken Fleming          Cenkos Securities PLC       Tel: 0131 220 6939 
 Felicity Edwards     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 150 oil and gas wells by international companies including Apache Energy Australia, 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, Senergy Limited, 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

RAGLLFESLVLIVII

Plexus (LSE:POS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Plexus Charts.
Plexus (LSE:POS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Plexus Charts.