Director/PDMR Shareholding

RNS Number : 9664X

Pressure Technologies PLC

27 February 2017

 

Pressure Technologies plc ("the Company")

PDMR transaction - Initial Notification

Pressure Technologies plc announces that on 23 February 2017, 5,000 shares of 5 pence each in the Company were disposed of by Philip Cammerman, a Person Discharging Managerial Responsibility ("PDMR"). This sale was carried out as part of a tax planning exercise. Following the sale Philip Cammerman retains a shareholding of 30,000 shares representing 0.21% of the Company's issued share capital.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Philip Cammerman
2	Reason for the notification
a)	Position/status	Non-executive Director
b)	Initial notification /Amendment	Initial notification
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 financial instrument, type of instrument	Ordinary shares of 5 pence
	Identification code	GB00B1XFKR57
b)	Nature of the transaction	Disposal
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			190p	5,000
d)	Aggregated information
	- Aggregated volume	5,000
	- Price	190p
e)	Date of the transaction	23 February 2017
f)	Place of the transaction	London Stock Exchange

Name of authorised official of issuer responsible for making notification:

Alexander Tristram, Company Secretary

Date of Notification:

27 February 2017

COMPANY DESCRIPTION

Company description - www.pressuretechnologies.com

With its head office in Sheffield, Pressure Technologies was founded on its leading market position as a designer and manufacturer of high-pressure systems serving the global energy, defence and industrial gases markets. Today it continues to serve those markets from a broader engineering base with specialist precision engineering businesses and has a worldwide presence in Alternative Energy as a global leader in biogas upgrading. On this foundation, the company is building a highly profitable group of companies through a combination of organic initiatives and acquisitions.

Pressure Technologies has four divisions, Precision Machined Components, Engineered Products, Cylinders and Alternative Energy, serving four markets: oil and gas, defence, industrial gases and alternative energy.

Precision Machined Components

·      Al-Met, Mid Glamorgan, acquired in 2010 www.almet.co.uk

·      Roota Engineering, Rotherham, acquired in March 2014 www.roota.co.uk

·      Quadscot, Glasgow, acquired in October 2014 www.quadscot.co.uk

·      Martract Limited, Barton-on-Humber, acquired in December 2016 www.martract.co.uk

Engineered Products

·      Hydratron, Manchester, acquired in 2010 www.hydratron.com

Cylinders

·      Chesterfield Special Cylinders, Sheffield, IPO cornerstone in 2007 www.chesterfieldcylinders.com

·      Kelley GTM Manufacturing, Amarillo, USA - 40% stake acquired by the Group in December 2013 www.kelleygtm.com

Alternative Energy

·      Greenlane Biogas, Sheffield, UK; Vancouver, Canada and; Auckland, New Zealand acquired in October 2014 www.greenlanebiogas.com

 

END

 

 

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