Pressure Technologies PLC Grant of Share Options (9412V)
July 27 2018 - 1:30AM
UK Regulatory
TIDMPRES
RNS Number : 9412V
Pressure Technologies PLC
27 July 2018
27 July 2018
Pressure Technologies plc
("Pressure Technologies", the "Company" or the "Group")
Grant of Share Options
Pressure Technologies announces that on 26 July 2018 it granted
options over 385,533 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 97.6p per share and are exercisable at the end of the
three year SAYE period.
Of these options, 18,442 were granted to Joanna Allen, Chief
Financial Officer of the Group.
Pursuant to the above mentioned award, Joanna Allen has a total
of 22,908 Ordinary Shares under SAYE option schemes.
For further information, please contact:
Pressure Technologies plc Tel: 0114 257 3622
Keeley Clarke, Investor Relations www.pressuretechnologies.com
Cantor Fitzgerald Europe (Nominated Tel: 020 7894 7000
Adviser and Broker)
Philip Davies / Will Goode
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 components and 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 a global leader in
biogas upgrading.
Pressure Technologies has three divisions, Precision Machined
Components, Cylinders and Alternative Energy, serving four main
markets: oil and gas, defence, industrial gases and alternative
energy.
Precision Machined Components - www.pt-pmc.com
-- 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
-- Martract Limited, Barton-on-Humber, acquired in December 2016 www.martract.co.uk
Cylinders
-- Chesterfield Special Cylinders, Sheffield, IPO cornerstone in
2007 and includes, CSC Deutschland Gmbh, which is based in Dorsten,
Germany and Chesterfield Special Cylinders Inc. which is based in
Houston, USA www.chesterfieldcylinders.com
Alternative Energy
-- Greenlane Biogas, Vancouver, Canada and Sheffield, UK;
acquired in October 2014 www.greenlanebiogas.com
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contact rns@lseg.com or visit www.rns.com.
END
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