TIDMPRES
RNS Number : 8625W
Pressure Technologies PLC
14 February 2017
14 February 2017
Pressure Technologies plc
("Pressure Technologies" or the "Company")
Result of AGM
At the Annual General Meeting of Pressure Technologies (AIM:
PRES), held today at 11.00 hours, all the resolutions proposed were
duly passed. Details of the proxy voting are given below.
The presentation given by Alan Wilson, Chairman of Pressure
Technologies, at the AGM is available on the Company's website:
www.pressuretechnologies.com
Result of proxy votes
Resolution Votes Votes Votes
For Against Withheld
------------------------------------ ---------- --------- ----------
1. To approve the annual
report and accounts 4,513,318 1,000 0
------------------------------------ ---------- --------- ----------
2. To approve the annual
report on Directors' remuneration 4,386,976 24,217 103,125
------------------------------------ ---------- --------- ----------
3. To re-elect Alan Wilson
as a Director 4,512,276 1,000 1,042
------------------------------------ ---------- --------- ----------
4. To re-elect John Hayward
as a Director 4,512,276 0 2,042
------------------------------------ ---------- --------- ----------
5. To re-elect Neil MacDonald
as Director 4,512,276 0 2,042
------------------------------------ ---------- --------- ----------
6. To reappoint the auditors
and fix their remuneration 4,512,276 0 1,042
------------------------------------ ---------- --------- ----------
7. To authorise allotment
shares 4,498,066 9,985 6,267
------------------------------------ ---------- --------- ----------
8. To authorise the Company
to purchase own shares 4,474,018 40,300 0
------------------------------------ ---------- --------- ----------
9. To disapply pre-emption
provisions 3,905,501 507,775 101,042
------------------------------------ ---------- --------- ----------
Notes
1. Any proxy appointments, which gave discretion to the Chairman
have been included in the 'for' votes total.
2. At the date of the notice of the AGM the total number of
shares in issue was 14,471,295
For further information, please contact:
Pressure Technologies plc Tel: 0114 257 3622
Alex Tristram, Company Secretary www.pressuretechnologies.com
Keeley Clarke, Investor Relations
Tavistock Tel: 020 7920 3150
Simon Hudson
Cantor Fitzgerald Europe (Nominated Tel: 020 7894 8337
Adviser and Broker)
Philip Davies / Will Goode
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
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February 14, 2017 08:08 ET (13:08 GMT)