PDMR/PCA Shareholding

Pressure Technologies PLC

18 October 2024

 

18 October 2024

Pressure Technologies plc

("Pressure Technologies" or "the Company" or "the Group")

PDMR / PCA Shareholding

Pressure Technologies plc (AIM: PRES), the specialist engineering group, was informed today that Rockwood Strategic plc purchased a total of 208,321 ordinary shares in the Company ("Ordinary Shares") at an average price of 32.2 pence per share, on 9, 10 and 17 October 2024.

Following the share purchases, Rockwood Strategic plc holds 7,958,321 Ordinary Shares, equivalent to 20.58 per cent of the Company's issued share capital.

Rockwood Strategic plc is a person closely associated ("PCA") with Richard Staveley, Non-Executive Director of the Company. Further details on the share purchases are included below.

For further information, please contact:

Pressure Technologies plc   Chris Walters, Chief Executive   Steve Hammell, Chief Financial Officer	Tel: [phone] [e-mail]
Singer Capital Markets (Nomad and Broker)   Rick Thompson / Asha Chotai	Tel: [phone]

COMPANY DESCRIPTION

www.pressuretechnologies.com

Pressure Technologies plc is based in Sheffield and operates through its wholly subsidiary Chesterfield Special Cylinders ("CSC").  CSC is a market leading designer, manufacturer and provider of safety-critical, high-pressure containment products and services to a global customer base in the defence, hydrogen energy, oil & gas and industrial markets. For more information on CSC, please visit www.chesterfieldcylinders.com 

Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMR") and Persons Closely Associated with them:

1	Details of the Person Discharging Managerial Responsibilities / Person Closely Associated
a)	Name	Rockwood Strategic plc
2	Reason for the notification
a)	Position/status	Person Closely Associated with Richard Staveley (Director and PDMR of the Company)
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
	Identification code	GB00B1XFKR57
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Date Volume Price 9 October 2024 33,321 £0.31 10 October 2024 100,000 £0.32 17 October 2024 75,000 £0.33
d)	Aggregated information	Total volume: 208,321 Volume weighted average price: £0.322
e)	Date of the transaction	9, 10 and 17 October 2024
f)	Place of the transaction	AIM, London Stock Exchange

 

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