Posting of Circular and Notice of General Meeting

RNS Number : 1377N

Plexus Holdings Plc

15 January 2019

 

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil Equipment & Services

Plexus Holdings PLC ('Plexus' or 'the Company')

Posting of Circular and

Notice of General Meeting

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering is pleased to confirm that further to the notification released on 14 January 2019 regarding the proposed off-market buyback of Ordinary Shares from LLC Gusar (OOO Gusar), the Company has posted a circular and notice of general meeting, together with a form of proxy, to Shareholders of the Company.

The circular and notice of general meeting is available on the Company's website at www.plexusplc.com.

The general meeting is to be held at the offices of Fox Williams LLP at 10 Finsbury Square, London EC2A 1AF on 1 February 2019 at 2.30p.m.

**ENDS**

For further information please visit www.posgrip.com or contact:

Ben van Bilderbeek	Plexus Holdings PLC	Tel: [phone]
Graham Stevens	Plexus Holdings PLC	Tel: [phone]
Derrick Lee	Cenkos Securities PLC	Tel: [phone]
Frank Buhagiar	St Brides Partners Ltd	Tel: [phone]
Isabel de Salis	St Brides Partners Ltd	Tel: [phone]

NOTES:

AIM-traded oil and gas engineering services company Plexus (AIM: POS) is an IP-led company that has developed a range of products and applications based on its patent-protected POS-GRIP friction-grip technology.  Having proved the superior qualities of POS-GRIP within the jack-up wellhead exploration market through the sale of this business to FMC Technologies Limited ("FMCT"), a subsidiary of TechnipFMC (Paris:FTI, NYSE:FTI), in early 2018, the Company is now focused on establishing its technology and equipment in other markets including surface production, subsea and de-commissioning. 

Its suite of new products and applications includes: the Python™ Subsea Wellhead (a new standard for subsea wellheads - supported by BG, Royal Dutch Shell, Wintershall, Maersk, Total, Tullow Oil, eni, Senergy, and Oil States Industries Inc); the POS-SET™ Connector for the growing de-commissioning and abandonment market; HP/HT dual marine barrier risers which provide an efficient, safe and cost effective solution for use on jack-up rigs; an innovative HP/HT Tie-Back connector product; and a new Well Tree product.  Importantly, the Company has a Collaboration Agreement with TFMC, which provides a platform to seek to further develop and commercialise these and other applications utilising POS-GRIP technology.

 

END

 

 

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