Plexus Holdings Plc Result of AGM (1898K)
30 Diciembre 2020 - 9:45AM
UK Regulatory
TIDMPOS
RNS Number : 1898K
Plexus Holdings Plc
30 December 2020
Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil
equipment & services
Plexus Holdings PLC ('Plexus' or 'the Company')
Result of AGM
Plexus Holdings PLC, the AIM quoted oil and gas engineering
services business, is pleased to announce that, at the Annual
General Meeting held earlier today which was held as a closed
meeting as a result of the pandemic and at which the required
quorum was present, each of the resolutions ("Resolutions") set
forth in the Notice convening the meeting were passed. The Chairman
of the meeting demanded a poll of votes on all of the resolutions
proposed, each of which were passed by an excess of votes cast in
favour of the requisite majority.
**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, both organically and through licence
partners. In line with this, in November 2020 Plexus entered into a
licence agreement with Cameron International Limited, which grants
the Schlumberger group company a non-exclusive licence to use the
POS-GRIP and HG(R) metal-to-metal seal method of wellhead
engineering for the development of conventional and unconventional
oil and gas surface wellheads.
Plexus' suite of ongoing products and applications include: "HG"
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 Joint Industry Project 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. The
Company also has a collaboration agreement in place 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
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December 30, 2020 10:45 ET (15:45 GMT)
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