Pressure Technologies PLC Update on the proposed sale of Greenlane Biogas (2223A)
28 Mayo 2019 - 1:01AM
UK Regulatory
TIDMPRES
RNS Number : 2223A
Pressure Technologies PLC
28 May 2019
28 May 2019
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF
THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Pressure Technologies plc
("Pressure Technologies" or "the Group")
Update on the proposed sale of Greenlane Biogas
Pressure Technologies (AIM: PRES), the specialist engineering
group, is pleased to announce that further to the update on 13 May
2019 on the proposed sale of the Group's wholly-owned subsidiary,
PT Biogas Holdings Limited, trading as Greenlane Biogas ("Proposed
Sale"), to Creation Capital Corp (TSX-V: CRN.P), a capital pool
company listed on the TSX Venture Exchange ("TSX-V"), Creation
Capital has announced that it has received sufficient orders to
achieve the $6 million minimum amount and the subscription receipt
offering is expected to complete this week. Final details of the
total amount raised, and terms of the Proposed Sale will be
announced at Completion, which is expected to be before the end of
May 2019.
A copy of Creation Capital's news release is available under its
SEDAR profile and can be accessed via this link. Link to Creation
Capital's news release
For further information, please contact:
Pressure Technologies plc Tel: 0114 257 3616
Chris Walters, Chief Executive www.pressuretechnologies.com
Joanna Allen, Chief Financial
Officer
Cantor Fitzgerald Europe (Nominated Tel: 020 7894 7000
Adviser and Broker)
Philip Davies / Will Goode
Belvedere Communications
Keeley Clarke (kclarke@belvederepr.com) Tel: 07967 816 525
Cat Valentine (cvalentine@belvederepr.com) Tel: 07715 769 078
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 components and systems serving the
global energy, defence and industrial gases markets.
Precision Machined Components - www.pt-pmc.com
-- 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
Cylinders
-- Chesterfield Special Cylinders, Sheffield, IPO cornerstone in
2007 and includes, CSC Deutschland Gmbh, which is based in Dorsten,
Germany and Chesterfield Special Cylinders Inc. which is based in
Houston, USA www.chesterfieldcylinders.com
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END
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