Pressure Technologies PLC Development in the proposed sale of Greenlane (8450Y)
May 13 2019 - 7:31AM
UK Regulatory
TIDMPRES
RNS Number : 8450Y
Pressure Technologies PLC
13 May 2019
13 May 2019
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF
THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Pressure Technologies plc
("Pressure Technologies" or "the Group")
Development in the proposed sale of Greenlane Biogas
Pressure Technologies (AIM: PRES), the specialist engineering
group, announces that further to the update on 1 April 2019 on the
proposed sale of the Group's wholly-owned subsidiary, PT Biogas
Holdings Limited, trading as Greenlane Biogas ("Proposed Sale"), to
Creation Capital Corp (TSX-V: CRN.P), a capital pool company listed
on the TSX Venture Exchange ("TSX-V"), conditional approval for the
transaction has been given by the TSX-V and a Filing Statement has
today been filed. Completion will follow conclusion of the private
placement. Final details and terms of the Proposed Sale will be
announced at Completion, which is expected to be before the end of
May 2019.
A copy of the Filing Statement is available under Creation
Capital's SEDAR profile and can be accessed via this link. Link to
Filing statement.
For further information, please contact:
Pressure Technologies plc Tel: 0114 257 3616
Chris Walters, Chief Executive www.pressuretechnologies.com
Joanna Allen, Chief Financial
Officer
Cantor Fitzgerald Europe (Nominated Tel: 020 7894 7000
Adviser and Broker)
Philip Davies / Will Goode
Belvedere Communications
Keeley Clarke (kclarke@belvederepr.com) Tel: 07967 816 525
Cat Valentine (cvalentine@belvederepr.com) Tel: 07715 769 078
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.
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
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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May 13, 2019 07:31 ET (11:31 GMT)
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