Plexus Holdings Plc Director/PDMR Shareholding (3120Z)
09 Enero 2020 - 5:00AM
UK Regulatory
TIDMPOS
RNS Number : 3120Z
Plexus Holdings Plc
09 January 2020
Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil
equipment & services
Plexus Holdings plc
Director/PDMR Shareholding
Plexus Holdings PLC, the AIM quoted oil and gas engineering
services business and owner of the proprietary POS-GRIP method of
engineering announces that J. Jeffrey Thrall, Non-executive
Chairman of the Company, has acquired 8,000 Ordinary Shares in
Plexus at a price of 33.3 pence per share. Following the purchase,
Mr Thrall is interested in a total of 44,307,513* Ordinary
Shares.
* J. Jeffrey Thrall has an indirect beneficial interest in a
company which controls 32.477% of Mutual Holdings Limited, an
entity which holds 42,700,001 shares in the Company. Additionally,
J. Jeffrey Thrall has an indirect beneficial interest in Thrall
Enterprises, Inc, a company which holds 1,591,512 Ordinary shares
in the Company, and he holds 16,000 Ordinary shares directly.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jerome Jeffrey Thrall
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2. Reason for the Notification
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a) Position/status Non-executive Chairman
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b) Initial notification/amendment Initial notification
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3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a) Name Plexus Holdings plc
------------------------------- -------------------------------------
b) LEI 213800EP3LC8K5TKDU87
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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 Ordinary shares of 1 pence each
Financial instrument,
type of instrument
------------------------------- -------------------------------------
Identification code GB00B0MDF233
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b) Nature of the Transaction Purchase of Ordinary Shares
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c) Price(s) and volume(s) 8,000 shares at GBP0.333
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d) Aggregated information n/a
Aggregated volume Price
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e) Date of the transaction 02 January 2020
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f) Place of the transaction London Stock Exchange, AIM (LON:POS)
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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"
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.
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
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