Purchase of shares by a Director

RNS Number : 5000C

Pressure Technologies PLC

10 February 2020

 

10 February 2020

Pressure Technologies plc

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

Purchase of shares by a Director

The Board of Pressure Technologies has been informed that Sir Roy Gardner, Chairman acquired ordinary shares in the Company on 7 February 2020 as detailed in the table below.

Director	Number of shares purchased	Total number of shares now held	Percentage of issued share capital
Sir Roy Gardner	10,000	10,000	0.05%

For further information, please contact:

Pressure Technologies plc
Chris Walters, Chief Executive			Tel: [phone]
Joanna Allen, Chief Financial Officer			[e-mail]
N+1 Singer (Nomad and Broker)			Tel: [phone]
Mark Taylor / Lauren Kettle
IFC Advisory Ltd (Financial PR and IR)			Tel: [phone]
Graham Herring / Tim Metcalfe / Zach Cohen
1.            Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sir Roy Gardner
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial
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  Identification code	ordinary shares of 5 pence each GB00B1XFKR57
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price		Volume
		133 pence		10,000
d)	Aggregated information  - Aggregated volume  - Price	N/A
e)	Date of the transaction	7 February 2020
f)	Place of the transaction	London Stock Exchange

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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