Result of AGM

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 For	Votes Against	Votes Withheld
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 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

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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RAGSSAFALESSELD