Pressure Technologies PLC Result of AGM (0545F)

TIDMPRES

RNS Number : 0545F

Pressure Technologies PLC

05 March 2020

5 March 2020

Pressure Technologies plc

("Pressure Technologies")

Result of AGM

At the Annual General Meeting of Pressure Technologies (AIM: PRES), held yesterday at 16.15 hours, all the resolutions proposed were duly passed. Details of the proxy voting are given below.

Result of proxy votes

 
 Resolution                                   Votes      Votes Against   Votes Withheld 
                                                For 
 1. To approve the annual report 
  and accounts                              10,068,345       2,000             0 
                                           -----------  --------------  --------------- 
 2. To approve the annual report 
  on Directors' remuneration                9,484,545       573,300          12,500 
                                           -----------  --------------  --------------- 
 3. To confirm the appointment of 
  Sir Roy Gardner as a Director             9,964,345        2,000          104,000 
                                           -----------  --------------  --------------- 
 4. To confirm the appointment of 
  Tim Cooper as a Director                  9,964,345        2,000          104,000 
                                           -----------  --------------  --------------- 
 5. To reappoint the auditors               9,960,220        7,000          103,125 
                                           -----------  --------------  --------------- 
 6. To authorise the Directors to 
  determine the auditor's remuneration      10,067,345       3,000             0 
                                           -----------  --------------  --------------- 
 7. To authorise the allotment of 
  shares                                    9,512,095       558,250            0 
                                           -----------  --------------  --------------- 
 8. To authorise the Company to purchase 
  its own shares                            9,928,306       135,039          7,000 
                                           -----------  --------------  --------------- 
 9. To waive pre-emption rights             9,353,906       709,439          7,000 
                                           -----------  --------------  --------------- 
 

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 18,595,165.

For further information, please contact:

 
 Pressure Technologies plc 
 Chris Walters, Chief Executive   Tel: [phone] 
 Joanna Allen, Chief Financial    [e-mail] 
  Officer 
  N+1 Singer (Nomad and Broker)    Tel: [phone] 
 Mark Taylor / Lauren Kettle 
 IFC Advisory Ltd (Financial PR   Tel: [phone] 
  and IR) 
 Graham Herring / Tim Metcalfe 
  / Zach Cohen 
-------------------------------  ---------------------------------- 
 

COMPANY DESCRIPTION

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, Precision Machined Components and Chesterfield Special Cylinders.

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

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

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

-- Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland Gmbh, which is based in Dorsten, Germany.

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March 05, 2020 02:00 ET (07:00 GMT)