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| 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% | 15.75 | 15.00 | 16.50 | 15.75 | 15.75 | 15.75 | 19,296 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil & Gas Field Machy, Equip | 1.49M | -4.02M | -0.0381 | -4.13 | 16.6M |
From Apr 2019 to Apr 2024
By Oliver Griffin
Plexus Holdings PLC (POS.LN) said Monday that its Russian licensee, LLC Gusar, has secured its first major contract, supplying POS-GRIP to Gazprom PJSC (GAZP.RS).
The oil-and-gas engineering services company is the owner of POS-GRIP, a friction-grip method of wellhead engineering.
Under the terms of its 2016 license agreement with Gusar, Plexus will receive a license royalty of 20% based on the invoice value of Plexus products rented or sold.
Plexus also said that under the terms of an additional royalty agreement it entered with Gusar, a further 20% royalty of the invoice values of this 2019-2020 contract with Gazprom will apply.
The two POS-GRIP 18-3/4" rental wellhead sets Gusar recently purchased from Plexus for circa 1.6 million pounds ($2.1 million) will be used on the first well of the program, which is due to spud in the second quarter of 2019.
Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin
(END) Dow Jones Newswires
March 04, 2019 03:09 ET (08:09 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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