TIDMPRES

RNS Number : 5000C

Pressure Technologies PLC

10 February 2020

10 February 2020

Pressure Technologies plc

("Pressure Technologies", the "Company" or the "Group")

Purchase of shares by a Director

The Board of Pressure Technologies has been informed that Sir Roy Gardner, Chairman acquired ordinary shares in the Company on 7 February 2020 as detailed in the table below.

 
 Director           Number of           Total number   Percentage 
                     shares purchased    of shares      of issued 
                                         now held       share capital 
 Sir Roy Gardner    10,000              10,000         0.05% 
                   ------------------  -------------  ---------------

For further information, please contact:

 
 Pressure Technologies plc 
 Chris Walters, Chief Executive                  Tel: 0114 257 3616 
 Joanna Allen, Chief Financial                   pressuretech@investor-focus.co.uk 
  Officer 
 
   N+1 Singer (Nomad and Broker)                   Tel: 0207 496 3000 
 Mark Taylor / Lauren Kettle 
 IFC Advisory Ltd (Financial PR                  Tel: 0203 934 6630 
  and IR) 
 Graham Herring / Tim Metcalfe 
  / Zach Cohen 
----------------------------------------------  ------------------------------------- 
 
 
   1. Details of the person discharging managerial responsibilities 
   / person closely associated 
 
 a)    Name                         Sir Roy Gardner 
      ---------------------------  ---------------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------------- 
 a)    Position/status              Chairman 
      ---------------------------  ---------------------------------------------------- 
 b)    Initial notification         Initial 
        /Amendment 
      ---------------------------  ---------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)    Name                         Pressure Technologies plc 
      ---------------------------  ---------------------------------------------------- 
 b)    LEI                          213800PTKN1VDP2DIN05 
      ---------------------------  ---------------------------------------------------- 
 4     Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
      --------------------------------------------------------------------------------- 
 a)    Description of the           ordinary shares of 5 pence each 
        financial instrument, 
        type of instrument           GB00B1XFKR57 
        Identification code 
      ---------------------------  ---------------------------------------------------- 
 b)    Nature of the transaction    Purchase of ordinary shares 
      ---------------------------  ---------------------------------------------------- 
 c)    Price(s) and volume(s)             Price                      Volume 
      ---------------------------  -------------------  ------------------------------- 
                        133 pence                                    10,000 
  -------------------                                   ------------------------------- 
 d)    Aggregated information       N/A 
        - Aggregated volume 
        - Price 
      ---------------------------  ---------------------------------------------------- 
 e)    Date of the transaction      7 February 2020 
      ---------------------------  ---------------------------------------------------- 
 f)    Place of the transaction     London Stock Exchange 
      ---------------------------  ----------------------------------------------------

COMPANY DESCRIPTION

Company description - www.pressuretechnologies.com

With its head office in Sheffield, the Pressure Technologies Group was founded on its leading market position as a designer and manufacturer of high-integrity, safety-critical components and systems serving global supply chains in oil and gas, defence, industrial gases and hydrogen energy markets.

The Group has two divisions, Precision Machined Components and Chesterfield Special Cylinders.

Precision Machined Components (PMC) - www.pt-pmc.com

-- Precision Machined Components includes the Al-Met, Roota Engineering, Quadscot and Martract brands.

Chesterfield Special Cylinders (CSC) - www.chesterfieldcylinders.com

-- Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland Gmbh, which is based in Dorsten, Germany.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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February 10, 2020 06:19 ET (11:19 GMT)

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