Pressure Technologies PLC Grant of Share Options (0714U)

TIDMPRES

RNS Number : 0714U

Pressure Technologies PLC

24 July 2020

24 July 2020

Pressure Technologies plc

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

Grant of Share Options

Pressure Technologies announces that on 24 July 2020 it granted options over 644,909 new ordinary shares of 5p each in the company. These options were granted to UK based employees of the Group, following an offer to employees to subscribe to the Company's SAYE Share Option Scheme. The options were granted with an exercise price of 66.0p per share and are exercisable at the end of the three year SAYE period.

Of these options, 21,818 were granted to Chris Walters, Chief Executive of the Group and 27,272 were granted to Joanna Allen, Chief Financial Officer of the Group.

Pursuant to the above mentioned award, Chris Walters has a total of 21,818 and Joanna Allen a total of 27,272 Ordinary Shares under SAYE option schemes.

For further information, please contact:

 
  Pressure Technologies plc             Tel: [phone] [e-mail] 
   Chris Walters, Chief Executive 
   Joanna Allen, Chief Financial 
   Officer 
  N+1 Singer (Nomad and Broker)         Tel: [phone] 
   Mark Taylor / Carlo Spingardi 
  Houston (Financial PR and Investor    Tel: [phone] 
   Relations) 
   Kate Hoare / Anushka Mathew / 
   Ben Robinson 
 

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, Chesterfield Special Cylinders and Precision Machined Components.

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

-- Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland GmbH and Chesterfield Special Cylinders Inc.

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

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

 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Chris Walters 
      ---------------------------  ------------------------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status              Chief Executive Officer (PDMR) 
      ---------------------------  ------------------------------------------------- 
 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            Share Option Scheme 
        financial instrument, 
        type of instrument 
                                      GB00B1XFKR57 
        Identification code 
      ---------------------------  ------------------------------------------------- 
 b)    Nature of the transaction     Granting of Share Options 
      ---------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s)               Price                    Volume 
      ---------------------------  -----------------------  ------------------------ 
                                                     66.0p                    21,818 
 --------------------------------  -----------------------  ------------------------ 
 d)    Aggregated information       N/A 
 
        - Aggregated volume 
 
        - Price 
      ---------------------------  ------------------------------------------------- 
 e)    Date of the transaction      24 July 2020 
      ---------------------------  ------------------------------------------------- 
 f)    Place of the transaction     Off market transaction 
      ---------------------------  ------------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Joanna Allen 
      ---------------------------  ------------------------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position/status              Chief Financial Officer (PDMR) 
      ---------------------------  ------------------------------------------------- 
 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            Share Option Scheme 
        financial instrument, 
        type of instrument 
                                      GB00B1XFKR57 
        Identification code 
      ---------------------------  ------------------------------------------------- 
 b)    Nature of the transaction     Granting of Share Options 
      ---------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s)               Price                    Volume 
      ---------------------------  -----------------------  ------------------------ 
                                                     66.0p                    27,272 
 --------------------------------  -----------------------  ------------------------ 
 d)    Aggregated information       N/A 
 
        - Aggregated volume 
 
        - Price 
      ---------------------------  ------------------------------------------------- 
 e)    Date of the transaction      24 July 2020 
      ---------------------------  ------------------------------------------------- 
 f)    Place of the transaction     Off market transaction 
      ---------------------------  ------------------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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July 24, 2020 11:26 ET (15:26 GMT)