Pressure Technologies PLC Exercise of Options (8264Q)
March 02 2016 - 8:05AM
UK Regulatory
TIDMPRES
RNS Number : 8264Q
Pressure Technologies PLC
02 March 2016
2 March 2016
Exercise of Options / Issue of Equity
Pressure Technologies plc ("the Company") announces that it has
issued and allotted 50,600 new ordinary shares of 5p each in the
Company, following an exercise of options pursuant to the Company's
SAYE scheme. The 50,000 options were exercised at a price of 150.5
pence per share and 600 were exercised at a price of 150 pence per
share.
The new ordinary shares will rank pari passu with existing
ordinary shares in the Company and application has been made for
these new ordinary shares to be admitted to trading on AIM, which
is expected to occur on or around 8 March 2016.
Total Voting Rights
In accordance with the Financial Conduct Authority's Disclosure
and Transparency Rules, the total number of ordinary shares of 5
pence of Pressure Technologies in issue at the date of this notice
is 14,471,295.
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 Pressure Technologies, under the Disclosure and Transparency
Rules.
For further information, please contact:
Pressure Technologies plc Tel: 0114 257 3616
Keeley Clarke, Investor Relations www.pressuretechnologies.com
Cantor Fitzgerald Europe (Nominated Tel: 020 7149 6942
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 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, Cylinders, Engineered Products 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
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
Engineered Products
-- Hydratron, Manchester and Houston, acquired in 2010 www.hydratron.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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March 02, 2016 09:05 ET (14:05 GMT)