Pressure Technologies plc ("the Company")
PDMR transaction - Initial Notification
Pressure Technologies plc announces that on 23 February 2017, 5,000 shares of 5 pence each in the Company were disposed of by Philip Cammerman, a Person Discharging Managerial Responsibility ("PDMR"). This sale was carried out as part of a tax planning exercise. Following the sale Philip Cammerman retains a shareholding of 30,000 shares representing 0.21% of the Company's issued share capital.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Philip Cammerman |
2 |
Reason for the notification |
a) |
Position/status |
Non-executive Director |
b) |
Initial notification /Amendment |
Initial notification |
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 |
Ordinary shares of 5 pence |
|
|
Identification code |
GB00B1XFKR57 |
|
|
b) |
Nature of the transaction |
Disposal |
c) |
Price(s) and volume(s) |
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
190p |
5,000 |
|
|
|
|
|
|
d) |
Aggregated information |
|
|
|
- Aggregated volume |
5,000 |
|
|
- Price |
190p |
|
|
e) |
Date of the transaction |
23 February 2017 |
f) |
Place of the transaction |
London Stock Exchange |
Name of authorised official of issuer responsible for making notification:
Alexander Tristram, Company Secretary
Date of Notification:
27 February 2017
COMPANY DESCRIPTION
Company description - www.pressuretechnologies.com
With its head office in Sheffield, Pressure Technologies was founded on its leading market position as a designer and manufacturer of high-pressure systems serving the global energy, defence and industrial gases markets. Today it continues to serve those markets from a broader engineering base with specialist precision engineering businesses and has a worldwide presence in Alternative Energy as a global leader in biogas upgrading. On this foundation, the company is building a highly profitable group of companies through a combination of organic initiatives and acquisitions.
Pressure Technologies has four divisions, Precision Machined Components, Engineered Products, Cylinders and Alternative Energy, serving four markets: oil and gas, defence, industrial gases and alternative energy.
Precision Machined Components
· Al-Met, Mid Glamorgan, acquired in 2010 www.almet.co.uk
· Roota Engineering, Rotherham, acquired in March 2014 www.roota.co.uk
· Quadscot, Glasgow, acquired in October 2014 www.quadscot.co.uk
· Martract Limited, Barton-on-Humber, acquired in December 2016 www.martract.co.uk
Engineered Products
· Hydratron, Manchester, acquired in 2010 www.hydratron.com
Cylinders
· Chesterfield Special Cylinders, Sheffield, IPO cornerstone in 2007 www.chesterfieldcylinders.com
· Kelley GTM Manufacturing, Amarillo, USA - 40% stake acquired by the Group in December 2013 www.kelleygtm.com
Alternative Energy
· Greenlane Biogas, Sheffield, UK; Vancouver, Canada and; Auckland, New Zealand acquired in October 2014 www.greenlanebiogas.com