Pressure Technologies PLC Directors Shareholdings (8360V)

TIDMPRES

RNS Number : 8360V

Pressure Technologies PLC

07 November 2017

7 November 2017

Pressure Technologies plc

("Pressure Technologies" or the "Group")

Directors Shareholdings

Further to the announcement on 16 October 2017 that the Group had raised GBP5.0 million through the placing of 4,100,000 new ordinary shares, these shares were admitted to trading on AIM on 6 November 2017. As a result the percentage shareholdings in the Group held by certain Directors have changed, as detailed in the table below. The number of shares held by each director remains the same as it was before the placing.

 
 Director            Number of shares   Percentage holding    Percentage holding 
                      held               before the placing    following placing 
------------------  -----------------  --------------------  ------------------- 
 John Hayward        1,002,221          6.92%                 5.39% 
------------------  -----------------  --------------------  ------------------- 
 Philip Cammerman    30,000             0.21%                 0.16% 
------------------  -----------------  --------------------  ------------------- 
 Neil MacDonald      5,100              0.04%                 0.03% 
------------------  -----------------  --------------------  ------------------- 
 

For further information, please contact:

 
 Pressure Technologies plc             Tell: 0114 257 3622 
  Keeley Clarke, Investor Relations     www.pressuretechnologies.com 
 Cantor Fitzgerald Europe (Nominated   Tel: [phone] 
  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 a global leader in biogas upgrading.

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 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, 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

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November 07, 2017 11:30 ET (16:30 GMT)