Pressure Technologies PLC Grant of Share Options (0714U)
July 24 2020 - 11:26AM
UK Regulatory
TIDMPRES
RNS Number : 0714U
Pressure Technologies PLC
24 July 2020
24 July 2020
Pressure Technologies plc
("Pressure Technologies", the "Company" or the "Group")
Grant of Share Options
Pressure Technologies announces that on 24 July 2020 it granted
options over 644,909 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 66.0p per share and are exercisable at the end of the
three year SAYE period.
Of these options, 21,818 were granted to Chris Walters, Chief
Executive of the Group and 27,272 were granted to Joanna Allen,
Chief Financial Officer of the Group.
Pursuant to the above mentioned award, Chris Walters has a total
of 21,818 and Joanna Allen a total of 27,272 Ordinary Shares under
SAYE option schemes.
For further information, please contact:
Pressure Technologies plc Tel: 0114 257 3616 PressureTechnologies@houston.co.uk
Chris Walters, Chief Executive
Joanna Allen, Chief Financial
Officer
N+1 Singer (Nomad and Broker) Tel: 0207 496 3000
Mark Taylor / Carlo Spingardi
Houston (Financial PR and Investor Tel: 0203 701 7660
Relations)
Kate Hoare / Anushka Mathew /
Ben Robinson
COMPANY DESCRIPTION
www.pressuretechnologies.com
With its head office in Sheffield, the Pressure Technologies
Group was founded on its leading market position as a designer and
manufacturer of high-integrity, safety-critical components and
systems serving global supply chains in oil and gas, defence,
industrial gases and hydrogen energy markets.
The Group has two divisions, Chesterfield Special Cylinders and
Precision Machined Components.
Chesterfield Special Cylinders (CSC) -
www.chesterfieldcylinders.com
-- Chesterfield Special Cylinders, Sheffield, includes CSC
Deutschland GmbH and Chesterfield Special Cylinders Inc.
Precision Machined Components (PMC) - www.pt-pmc.com
-- Precision Machined Components includes the Al-Met, Roota
Engineering, Quadscot Precision Engineers and Martract brands.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Chris Walters
--------------------------- -------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Chief Executive Officer (PDMR)
--------------------------- -------------------------------------------------
b) Initial notification Initial
/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 the Share Option Scheme
financial instrument,
type of instrument
GB00B1XFKR57
Identification code
--------------------------- -------------------------------------------------
b) Nature of the transaction Granting of Share Options
--------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price Volume
--------------------------- ----------------------- ------------------------
66.0p 21,818
-------------------------------- ----------------------- ------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--------------------------- -------------------------------------------------
e) Date of the transaction 24 July 2020
--------------------------- -------------------------------------------------
f) Place of the transaction Off market transaction
--------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Joanna Allen
--------------------------- -------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------
a) Position/status Chief Financial Officer (PDMR)
--------------------------- -------------------------------------------------
b) Initial notification Initial
/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 the Share Option Scheme
financial instrument,
type of instrument
GB00B1XFKR57
Identification code
--------------------------- -------------------------------------------------
b) Nature of the transaction Granting of Share Options
--------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price Volume
--------------------------- ----------------------- ------------------------
66.0p 27,272
-------------------------------- ----------------------- ------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--------------------------- -------------------------------------------------
e) Date of the transaction 24 July 2020
--------------------------- -------------------------------------------------
f) Place of the transaction Off market transaction
--------------------------- -------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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