Pressure Technologies PLC Director/PDMR Shareholding (9664X)
February 27 2017 - 10:16AM
UK Regulatory
TIDMPRES
RNS Number : 9664X
Pressure Technologies PLC
27 February 2017
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 Initial notification
/Amendment
---- ------------------------------ --------------------------------
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 Ordinary shares of 5 pence
the financial
instrument, type
of instrument
----
Identification GB00B1XFKR57
code
b) Nature of the Disposal
transaction
---- ------------------------------ --------------------------------
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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