POS Plexus Holdings Plc

TIDMPOS

RNS Number : 7742S

Plexus Holdings Plc

13 March 2019

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil Equipment & Services

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

Posting of Circular and

Notice of General Meeting

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP(R) friction-grip method of wellhead engineering is pleased to confirm that further to the notification released earlier today regarding, inter alia, the Proposed Cancellation of Share Premium Account, the Company has today posted a circular and notice of general meeting, together with a form of proxy, to Shareholders of the Company.

The circular and notice of general meeting is available on the Company's website at www.plexusplc.com.

The general meeting is to be held at the offices of Fox Williams LLP at 10 Finsbury Square, London EC2A 1AF on 9 April 2019 at 11.00a.m.

**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.

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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March 13, 2019 12:30 ET (16:30 GMT)

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