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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 Secures New Pact for Wellhead Systems

21/05/2014 10:07am

Dow Jones News


Plexus (LSE:POS)
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LONDON--Plexus Holdings PLC (POS.LN), a oil and gas engineering services business, Wednesday announced that it has received a letter of award for its first contract with Shell China Exploration and Production Company Limited (SCEPCO), a unit of Royal Dutch Shell PLC (RDSA.LN).

MAIN FACTS:

-Contract, which is subject to finalization of terms, is for the supply of 15,000 psi high pressure high temperature POS-GRIP wellhead technology with mudline casing support and associated services, initially for one well exploring for gas offshore Hainan Island, China.

-Revenue from the contract are expected to commence during the next financial year.

-Shares at 0834 GMT up 10 pence, or 3.5%, at 295 pence, valuing the company at GBP250 million.

-Write to Tapan Panchal at tapan.panchal@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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