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RNS Number : 0714U
Pressure Technologies PLC
24 July 2020
 

24 July 2020

Pressure Technologies plc

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

 

Grant of Share Options

 

Pressure Technologies announces that on 24 July 2020 it granted options over 644,909 new ordinary shares of 5p each in the company. These options were granted to UK based employees of the Group, following an offer to employees to subscribe to the Company's SAYE Share Option Scheme. The options were granted with an exercise price of 66.0p per share and are exercisable at the end of the three year SAYE period.

 

Of these options, 21,818 were granted to Chris Walters, Chief Executive of the Group and 27,272 were granted to Joanna Allen, Chief Financial Officer of the Group.

 

Pursuant to the above mentioned award, Chris Walters has a total of 21,818 and Joanna Allen a total of 27,272 Ordinary Shares under SAYE option schemes.

 

For further information, please contact:

Pressure Technologies plc

Chris Walters, Chief Executive

Joanna Allen, Chief Financial Officer

Tel: 0114 257 3616 PressureTechnologies@houston.co.uk

N+1 Singer (Nomad and Broker)

Mark Taylor / Carlo Spingardi

Tel: 0207 496 3000

Houston (Financial PR and Investor Relations)

Kate Hoare / Anushka Mathew / Ben Robinson

Tel: 0203 701 7660

 

 

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, Chesterfield Special Cylinders and Precision Machined Components.

Chesterfield Special Cylinders (CSC) - www.chesterfieldcylinders.com 

●     Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland GmbH and Chesterfield Special Cylinders Inc.

 

Precision Machined Components (PMC) - www.pt-pmc.com

●     Precision Machined Components includes the Al-Met, Roota Engineering, Quadscot Precision Engineers and Martract brands.

 

 

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 Officer (PDMR)

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

 

 Share Option Scheme

 

 

GB00B1XFKR57

b)

Nature of the transaction

 Granting of Share Options

c)

 

Price(s) and volume(s)

 

Price

Volume

66.0p

21,818

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A

e)

Date of the transaction

24 July 2020

f)

Place of the transaction

Off market transaction

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Joanna Allen

2

Reason for the notification

a)

Position/status

Chief Financial Officer (PDMR)

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

 

 Share Option Scheme

 

 

GB00B1XFKR57

b)

Nature of the transaction

 Granting of Share Options

c)

 

Price(s) and volume(s)

 

Price

Volume

66.0p

27,272

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A

e)

Date of the transaction

24 July 2020

f)

Place of the transaction

Off market transaction

 


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