TIDMPOS

RNS Number : 6500W

Plexus Holdings Plc

31 December 2013

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

31 December 2013

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

Total Voting Rights

Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP(R) friction-grip method of wellhead engineering, announces that, in accordance with Financial Services Authority Disclosure and Transparency Rules, the Company advises that its issued share capital at the date of this announcement comprises 84,892,673 Ordinary shares of 1p each ("Ordinary Shares"). The voting rights of all of these shares are identical, with each share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury.

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, the Company under the Disclosure and Transparency Rules.

* * ENDS * *

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

 
 Ben van Bilderbeek   Plexus Holdings     Tel: 020 7795 
                       PLC                 6890 
 Graham Stevens       Plexus Holdings     Tel: 020 7795 
                       PLC                 6890 
 Derrick Lee          Cenkos Securities   Tel: 0131 220 
                       PLC                 9100 
 Alan Stewart         Cenkos Securities   Tel: 0131 220 
                       PLC                 9774 
 Felicity Edwards     St Brides Media     Tel: 020 7236 
                       & Finance Ltd       1177 
 Frank Buhagiar       St Brides Media     Tel: 020 7236 
                       & Finance Ltd       1177

Notes to Editors:

Plexus Holdings PLC, which began trading on AIM in December 2005, is an oil and gas engineering and services business, which supplies wellhead and mudline suspension equipment for exploration and production applications. Based in Aberdeen, with offices in London, Cairo, Kuala Lumpur and a presence in Houston, Texas, it has developed and patented a friction-grip method of engineering for oil and gas field wellheads and connectors, POS-GRIP(R), which involves deforming one tubular member against another to effect gripping and sealing.

The Company plans to accelerate the roll out of POS-GRIP wellhead equipment as a superior alternative to current technology and for it to become the future industry standard for wellhead design. In particular, the technology has advantages in High Pressure/High Temperature (HP/HT) and Extreme HP/HT (X-HP/HT) oil and gas environments, for which there is growing global demand and where Plexus is being increasingly recognised as the supplier of choice. Importantly, the Company is focussed on extending its proprietary technology into an increasing number of subsea applications. In line with this, in March 2011 the Company launched an initiative to develop a new subsea wellhead design, HGSS(TM), utilising its friction-grip technology in collaboration with key oil and gas operators and service companies. Royal Dutch Shell, Wintershall, Maersk, Tullow Oil, ENI, Oil States Industries Inc., TOTAL and the UK entity of the world's largest offshore drilling company have joined the initiative to date. The HGSS subsea wellhead design will include a combination of key features never before seen in a subsea wellhead which include being rated to 15,000 psi, 4,000,000 pounds of 'instant' casing lockdown capacity, annulus pressure monitoring and access for 'bleed off' capability to address sustained casing pressure ('SCP') issues which are recognised by the API as a serious industry problem, and rigid metal annular seal technology qualified to match the performance of premium casing. The design process has now been completed, and prototype testing is due for completion mid 2014.

To date, POS-GRIP wellhead systems have been used or selected to be used in over 300 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, Dana Petroleum, Dubai Petroleum, GDF SUEZ, Global Santa Fe, Maersk, Niko Resources, Petro-Canada Trinidad & Tobago, Red Sea Petroleum Operating Company, Repsol, RWE, Senergy Limited, Shell Egypt, StatoilHydro, Silverstone Energy, Talisman Energy, Tullow Oil, and Wintershall.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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