Results of 2025 Annual General Meeting

Pressure Technologies PLC

20 March 2025

 

20 March 2025

Pressure Technologies plc

("Pressure Technologies" or "the Company")

Results of 2025 Annual General Meeting

Pressure Technologies plc (AIM: PRES) announces the voting results of its 2025 Annual General Meeting (the "AGM") held today.

Twelve resolutions were proposed by the Board, and all were duly passed.

The Board acknowledges the high proportion of votes cast against Resolution 10, regarding the authority to allot shares. The Board will seek to engage with shareholders over the coming weeks to better understand the rationale for the votes cast against this resolution.

The total votes were cast as follows:

Resolution		For	%	Against	%	Withheld**
1	To receive and adopt the FY24 audited Annual Report & Financial Statements	25,705,284	98.5%	386,243	1.5%	25,197
2	To approve the Directors' Remuneration Report in the FY24 Annual Report & Financial Statements	25,091,084	98.4%	417,557	1.6%	608,083
3	To re-appoint Nick Salmon as a Director	25,093,284	96.1%	1,015,357	3.9%	8,083
4	To re-appoint Chris Walters as a Director	25,704,284	98.5%	404,357	1.5%	8,083
5	To re-appoint Mike Butterworth as a Director	25,093,084	96.1%	1,015,557	3.9%	8,083
6	To re-appoint Tim Cooper as a Director	25,104,284	96.2%	1,004,357	3.8%	8,083
7	To re-appoint Richard Staveley as a Director	25,694,284	98.4%	414,357	1.6%	8,083
8	To re-appoint Cooper Parry as Auditors	25,705,284	98.5%	392,243	1.5%	19,197
9	To authorise the Audit & Risk Committee to determine the Auditors' remuneration	25,705,284	98.5%	392,243	1.5%	19,197
10	To authorise the Directors to allot shares	18,326,289	70.2%	7,782,352	29.8%	8,083
11	To authorise the Company to purchase its own shares*	25,705,641	98.5%	403,000	1.5%	8,083
12	To change the registered name of the Company to Chesterfield Special Cylinders Holdings plc*	25,699,883	98.5%	391,644	1.5%	25,197

* Special Resolution

** A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' and 'Against' any of the resolutions.

Notes

1.   Any proxy appointments, which gave discretion to the Chair, 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 38,667,163.

Change of Name to Chesterfield Special Cylinders Holdings plc

The Board is pleased to announce that the special resolution to change the Company's name to Chesterfield Special Cylinders Holdings plc passed its shareholder vote. The change of name and the associated ticker to 'CSC' is expected to become effective on 21^st March 2025.

All other Company details including the ISIN and SEDOL will remain unchanged. Shareholders are unaffected by the changes and existing share certificates will remain valid and should be retained.

For further information, please contact:

Pressure Technologies plc Chris Walters, Chief Executive	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 owned subsidiary Chesterfield Special Cylinders ("CSC"). 

CSC is a market leading designer, manufacturer and supplier 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

 

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