�
�
27 July 2018
Pressure Technologies plc
("Pressure Technologies", the "Company" or the "Group")
�
Grant of Share Options
�
Pressure Technologies announces that on 26 July 2018 it granted options over 385,533 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 97.6p per share and are exercisable at the end of the three year SAYE period.
�
Of these options, 18,442 were granted to Joanna Allen, Chief Financial Officer of the Group.
�
Pursuant to the above mentioned award, Joanna Allen has a total of 22,908 Ordinary Shares under SAYE option schemes.
�
For further information, please contact:
Pressure Technologies plc Keeley Clarke, Investor Relations � |
Tel: 0114 257 3622 www.pressuretechnologies.com |
Cantor Fitzgerald Europe (Nominated Adviser and Broker) |
Tel: 020 7894 7000 |
Philip Davies / Will Goode |
� � |
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 components and 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.
Pressure Technologies has three divisions, Precision Machined Components, Cylinders and Alternative Energy, serving four main markets: oil and gas, defence, industrial gases and alternative energy.
Precision Machined Components - www.pt-pmc.com
?���� 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 �
�
Cylinders
?���� Chesterfield Special Cylinders, Sheffield, IPO cornerstone in 2007 and includes,� CSC Deutschland Gmbh, which is based in Dorsten, Germany and Chesterfield Special Cylinders Inc. which is based in Houston, USA www.chesterfieldcylinders.com �
�
Alternative Energy
?���� Greenlane Biogas, Vancouver, Canada and Sheffield, UK; acquired in October 2014 www.greenlanebiogas.com �