TIDMPRES

RNS Number : 3704G

Pressure Technologies PLC

17 March 2020

17 March 2020

Pressure Technologies plc

("Pressure Technologies", the "Company" or the "Group")

Purchase of shares by a Director

The Board of Pressure Technologies has been informed that Sir Roy Gardner, Chairman acquired 15,000 ordinary shares in the Company on 12 March 2020, as detailed in the table below.

 
 Director           Total number of     Total number of    Percentage of 
                     shares purchased    shares now held    issued share capital 
 Sir Roy Gardner    15,000              140,000            0.75% 
                   ------------------  -----------------  ----------------------

For further information, please contact:

 
 Pressure Technologies plc 
 Chris Walters, Chief Executive    Tel: 0114 257 3616 
 Joanna Allen, Chief Financial     pressuretech@investor-focus.co.uk 
  Officer 
 
   N+1 Singer (Nomad and Broker)     Tel: 0207 496 3000 
 Mark Taylor / Lauren Kettle 
 IFC Advisory Ltd (Financial PR    Tel: 0203 934 6630 
  and IR) 
 Graham Herring / Tim Metcalfe 
  / Zach Cohen 
 
 
 
 
   1. Details of the person discharging managerial responsibilities 
   / person closely associated 
 a)      Name                                     Sir Roy Gardner 
        ---------------------------------------  ----------------------------------- 
 2       Reason for the notification 
        ---------------------------------------------------------------------------- 
 a)      Position/status                          Chairman 
        ---------------------------------------  ----------------------------------- 
 b)      Initial notification                     Initial 
          /Amendment 
        ---------------------------------------  ----------------------------------- 
 3       Details of the issuer, emission allowance market participant, 
          auction platform, auctioneer or auction monitor 
        ---------------------------------------------------------------------------- 
 a)      Name                                     Pressure Technologies plc 
        ---------------------------------------  ----------------------------------- 
 b)      LEI                                      213800PTKN1VDP2DIN05 
        ---------------------------------------  ----------------------------------- 
 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 5 pence each 
          financial instrument, 
          type of instrument                       GB00B1XFKR57 
          Identification code 
        ---------------------------------------  ----------------------------------- 
 b)      Nature of the transaction                Purchase of ordinary shares 
        ---------------------------------------  ----------------------------------- 
 c)      Price(s) and volume(s)                          Price             Volume 
        ---------------------------------------  --------------------  ------------- 
                               108 pence                                   15,000 
  -------------------------------------------------------------------  ------------- 
 d)      Aggregated information                   N/A - Single transaction 
          - Aggregated volume 
          - Price 
        ---------------------------------------  ----------------------------------- 
 e)      Date of the transaction                  12 March 2020 
        ---------------------------------------  ----------------------------------- 
 f)      Place of the transaction                 London Stock Exchange 
        ---------------------------------------  -----------------------------------

COMPANY DESCRIPTION

Company description - www.pressuretechnologies.com

With its head office in Sheffield, the Pressure Technologies Group was founded on its leading market position as a designer and manufacturer of high-integrity, safety-critical components and systems serving global supply chains in oil and gas, defence, industrial gases and hydrogen energy markets.

The Group has two divisions, Precision Machined Components and Chesterfield Special Cylinders.

Precision Machined Components (PMC) - www.pt-pmc.com

-- Precision Machined Components includes the Al-Met, Roota Engineering, Quadscot and Martract brands.

Chesterfield Special Cylinders (CSC) - www.chesterfieldcylinders.com

-- Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland Gmbh, which is based in Dorsten, Germany.

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

DSHUNSARRNUOAUR

(END) Dow Jones Newswires

March 17, 2020 03:00 ET (07:00 GMT)

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