POS Plexus Holdings Plc

TIDMPOS

RNS Number : 4461K

Plexus Holdings Plc

13 December 2018

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services

13 December 2018

Plexus Holdings PLC ('Plexus' or 'the Company')

Results of AGM

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business, is pleased to announce that all proposed resolutions at the Annual General Meeting, held earlier today, were duly passed.

**ENDS**

For further information please visit www.posgrip.com or contact:

 
 Ben van Bilderbeek   Plexus Holdings PLC      Tel: 020 7795 6890 
 Graham Stevens       Plexus Holdings PLC      Tel: 020 7795 6890 
 Derrick Lee          Cenkos Securities PLC    Tel: 0131 220 9100 
 Frank Buhagiar       St Brides Partners Ltd   Tel: 020 7236 1177 
 Isabel de Salis      St Brides Partners Ltd   Tel: 020 7236 1177 
 

NOTES:

AIM-traded oil and gas engineering services company Plexus (AIM: POS) is an IP-led company that has developed a range of products and applications based on its patent-protected POS-GRIP friction-grip technology. Having proved the superior qualities of POS-GRIP within the jack-up wellhead exploration market through the sale of this business to FMC Technologies Limited, a subsidiary of TechnipFMC (Paris:FTI, NYSE:FTI) (jointly "TFMC"), in early 2018, the Company is now focused on establishing its technology and equipment in other markets including surface production wellheads, subsea and de-commissioning.

Its suite of ongoing products and applications include: "HG"(TM) Wellheads, which combine POS-GRIP Technology with Gas Tight metal sealing; the Python(R) Subsea Wellhead (a new standard for subsea wellheads - developed in a JIP supported by Royal Dutch Shell, BG (now owned by Shell), Wintershall, Total, Maersk (now owned by Total), Tullow Oil, eni, Senergy (now Lloyds register), and Oil States Industries Inc); the POS-SET(TM) Connector for the growing de-commissioning and abandonment market; and Tersus-PCT, an innovative HP/HT Tie-Back connector product. Importantly, the Company also has a Collaboration Agreement with TFMC, which provides a platform to further develop and commercialise these and other applications based on its POS-GRIP technology.

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END

RAGUOANRWNAUAAA

(END) Dow Jones Newswires

December 13, 2018 11:20 ET (16:20 GMT)

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