TIDMPRES

RNS Number : 5988J

Pressure Technologies PLC

14 April 2020

14 April 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 Chris Walters, Chief Executive, acquired 18,000 ordinary shares in the Company on 14 April 2020, as detailed in the table below.

 
 Director         Total number of     Total number of    Percentage of 
                   shares purchased    shares now held    issued share capital 
 Chris Walters    18,000              18,000             0.10% 
                 ------------------  -----------------  ----------------------

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 / Carlo Spingardi 
 Houston (Financial PR and Investor   Tel: 0203 701 7660 
  Relations) 
 Kate Hoare / Anushka Mathew 
 
 
 
 
   1. Details of the person discharging managerial responsibilities 
   / person closely associated 
 a)      Name                                      Chris Walters 
        ----------------------------------------  ------------------------------------------ 
 2       Reason for the notification 
        ------------------------------------------------------------------------------------ 
 a)      Position/status                           Chief Executive 
        ----------------------------------------  ------------------------------------------ 
 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 
        ----------------------------------------  ------------------------  ---------------- 
                                  90 pence                                       18,000 
  ------------------------------------------------------------------------  ---------------- 
 d)      Aggregated information                    12,000 at 90 pence, 4,000 at 90 pence, 
          - Aggregated volume                       2,000 at 90 pence 
          - Price                                   18,000 
                                                    90 pence 
        ----------------------------------------  ------------------------------------------ 
 e)      Date of the transaction                   14 April 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

DSHUSRURRWUSAAR

(END) Dow Jones Newswires

April 14, 2020 08:09 ET (12:09 GMT)

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