Pressure Technologies plc ("the Company")
PDMR transaction - Initial Notification
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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.
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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 � |
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a) � |
Name � � |
Philip Cammerman � |
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Reason for the notification � |
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a) � |
Position/status � � |
Non-executive Director |
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b) � |
Initial notification /Amendment � � |
Initial notification |
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3 � |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor � |
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a) � |
Name � � |
Pressure Technologies plc |
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b) � |
LEI � � |
213800PTKN1VDP2DIN05 |
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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 � � |
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a) � |
Description of the financial instrument, type of instrument |
Ordinary shares of 5 pence |
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Identification code |
GB00B1XFKR57 |
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b) � |
Nature of the transaction |
Disposal � � |
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c) � |
Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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190p |
5,000 |
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d)
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Aggregated information |
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- Aggregated volume |
5,000 |
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- Price |
190p |
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e)
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Date of the transaction
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23 February 2017 |
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f)
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Place of the transaction
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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.co m
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