POS Plexus Holdings Plc

12.75

0.00 (0.00%)

Last Updated: 07:42:09

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Plexus Holdings Plc	LSE:POS	London	Ordinary Share	GB00B0MDF233	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	12.75	12.00	13.50	12.75	12.75	12.75	0.00	07:42:09

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Oil & Gas Field Machy, Equip	1.49M	-4.02M	-0.0381	-3.35	13.44M

Plexus Holdings Gets GBP0.2 Million Contract With BG Egypt

11/04/2011 8:07am

Dow Jones News

Plexus (LSE:POS)
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From Jul 2019 to Jul 2024

Plexus Holdings PLC (POS.LN), an AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP(R) friction-grip method of wellhead engineering, said Monday it has signed a GBP200,000 agreement with BG Egypt, a division of BG Group PLC (BG.LN), to supply its POS-GRIP 10,000 psi wellhead system with mudline suspension system for exploration activities offshore Egypt at BG Egypt's Zonda well.

MAIN FACTS:

-Revenues from the contract is expected to start in August.

-Board is confident that with further contracts in the pipeline and such initiatives as POS-GRIP friction-grip subsea 'HGSS' wellhead gaining traction within the oil and gas industry, 2011 is set to be a successful year for Plexus.

-Plexus shares closed Friday at 61 pence valuing the company at GBP48.91 million.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com