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RNS Number : 5988J
Pressure Technologies PLC
14 April 2020
 

14 April 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 Chris Walters, Chief Executive, acquired 18,000 ordinary shares in the Company on 14 April 2020, as detailed in the table below.

 

 

Director

Total number of shares purchased

Total number of shares now held

Percentage of issued share capital

Chris Walters

18,000

18,000

0.10%

 

For further information, please contact:

 

Pressure Technologies plc


Chris Walters, Chief Executive

Tel: 0114 257 3616

Joanna Allen, Chief Financial Officer

pressuretech@investor-focus.co.uk

 

N+1 Singer (Nomad and Broker)

 

Tel: 0207 496 3000

Mark Taylor / Carlo Spingardi

 


Houston (Financial PR and Investor Relations)

Tel: 0203 701 7660

Kate Hoare / Anushka Mathew


 

 

 

 

1.            Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Chris Walters

2

Reason for the notification

a)

Position/status

Chief Executive

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

90 pence

18,000

d)

 

Aggregated information

 - Aggregated volume

 - Price

12,000 at 90 pence, 4,000 at 90 pence, 2,000 at 90 pence

18,000

90 pence

e)

Date of the transaction

14 April 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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