Pressure Technologies PLC Grant of Share Options (2554M)
October 11 2016 - 8:09AM
UK Regulatory
TIDMPRES
RNS Number : 2554M
Pressure Technologies PLC
11 October 2016
11 October 2016
Pressure Technologies plc
("Pressure Technologies", the "Company" or the "Group")
Grant of Share Options
Further to the announcement on 2 August 2016, Pressure
Technologies announces it has granted an additional option over
2,400 new ordinary shares of 5p each in the company. This takes the
total granted options to 85,440 new ordinary shares of 5p each in
the company. These options were granted to UK based employees of
the Group, following an offer to employees to subscribe to the
Company's SAYE Share Option Scheme. The options were granted with
an exercise price of 150p per share and are exercisable at the end
of the three year SAYE period.
For further information, please contact:
Pressure Technologies Tel: 0114 257 3622
plc www.pressuretechnologies.com
John Hayward, Chief Executive
Joanna Allen, Group Finance
Director
Keeley Clarke, Investor
Relations
Cantor Fitzgerald Europe Tel: 020 7894 7000
(Nominated Adviser and
Broker)
Philip Davies / Will Goode
Tavistock Tel: 020 7920 3150
Simon Hudson
COMPANY DESCRIPTION
Company description - www.pressuretechnologies.com
With its head office in Sheffield, Pressure Technologies was
founded on its leading market position as a designer and
manufacturer of high-pressure systems serving the global energy,
defence and industrial gases markets. Today it continues to serve
those markets from a broader engineering base with specialist
precision engineering businesses and has a worldwide presence in
Alternative Energy as the global leader in biogas upgrading. On
this foundation, the company is building a highly profitable group
of companies through a combination of organic initiatives and
acquisitions.
Pressure Technologies has four divisions, Precision Machined
Components, Engineered Products, Cylinders 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, Glasgow, acquired in October 2014 www.quadscot.co.uk
Engineered Products
-- Hydratron, Manchester and Houston, acquired in 2010 www.hydratron.com
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 www.kelleygtm.com
Alternative Energy
-- Chesterfield BioGas, Sheffield, founded in 2008. Renamed
Greenlane Biogas UK on 5 June 2015.
-- Greenlane, Vancouver, Canada and Auckland, New Zealand,
acquired in October 2014 www.greenlanebiogas.com
This information is provided by RNS
The company news service from the London Stock Exchange
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