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PRES Pressure Technologies Plc

40.50
-1.50 (-3.57%)
Last Updated: 11:21:02
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pressure Technologies Plc LSE:PRES London Ordinary Share GB00B1XFKR57 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -3.57% 40.50 40.00 41.00 42.00 40.50 42.00 26,500 11:21:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fluid Powr Cylindrs,actuatrs 31.94M -679k -0.0219 -18.95 12.89M

Pressure Technologies PLC Director/PDMR Shareholding (9664X)

27/02/2017 3:16pm

UK Regulatory


Pressure Technologies (LSE:PRES)
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TIDMPRES

RNS Number : 9664X

Pressure Technologies PLC

27 February 2017

Pressure Technologies plc ("the Company")

PDMR transaction - Initial Notification

Pressure Technologies plc announces that on 23 February 2017, 5,000 shares of 5 pence each in the Company were disposed of by Philip Cammerman, a Person Discharging Managerial Responsibility ("PDMR"). This sale was carried out as part of a tax planning exercise. Following the sale Philip Cammerman retains a shareholding of 30,000 shares representing 0.21% of the Company's issued share capital.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ---------------------------------------------------------------- 
 a)    Name                            Philip Cammerman 
----  ------------------------------  -------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------- 
 a)    Position/status                 Non-executive Director 
----  ------------------------------  -------------------------------- 
 b)    Initial notification            Initial notification 
        /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                  Ordinary shares of 5 pence 
        the financial 
        instrument, type 
        of instrument 
---- 
 
       Identification                  GB00B1XFKR57 
        code 
 
 b)    Nature of the                   Disposal 
        transaction 
----  ------------------------------  -------------------------------- 
 c)    Price(s) and volume(s) 
----                                   -------------  -------------- 
                                        Price(s)       Volume(s) 
----                                   -------------  -------------- 
                                        190p           5,000 
                                       -------------  -------------- 
 
 d)    Aggregated information 
---- 
 
  - Aggregated volume             5,000 
 
  - Price                         190p 
 
 e)    Date of the transaction         23 February 2017 
----  ------------------------------  -------------------------------- 
 f)    Place of the transaction        London Stock Exchange 
----  ------------------------------  -------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Alexander Tristram, Company Secretary

Date of Notification:

27 February 2017

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 a 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 
   --      Martract Limited, Barton-on-Humber, acquired in December 2016 www.martract.co.uk 

Engineered Products

   --      Hydratron, Manchester, acquired in 2010 www.hydratron.com 

Cylinders

-- Chesterfield Special Cylinders, Sheffield, IPO cornerstone in 2007 www.chesterfieldcylinders.com

   --      Kelley GTM Manufacturing, Amarillo, USA - 40% stake acquired by the Group in December 2013 www.kelleygtm.com 

Alternative Energy

-- Greenlane Biogas, Sheffield, UK; 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

END

DSHBUGDDSBDBGRR

(END) Dow Jones Newswires

February 27, 2017 10:16 ET (15:16 GMT)

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