TIDMPRES

RNS Number : 9247J

Pressure Technologies PLC

16 April 2020

16 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 Sir Roy Gardner, Chairman acquired 20,000 ordinary shares in the Company on over the last week, 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    20,000              160,000            0.86% 
                   ------------------  -----------------  ----------------------

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                                   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 
        -------------------------------------  ---------------------  -------------- 
                                                      90 pence             2,000 
                                90 pence                                   2,500 
                               100 pence                                   15,500 
  ------------------------------------------------------------------  -------------- 
 d)      Aggregated information 
          - Aggregated volume                     Aggregate Volume 20,000 
          - Price                                 Average Weighted Price 98 pence 
        -------------------------------------  ------------------------------------- 
 e)      Date of the transaction                9 April 2020 
    14 April 2020 
    15 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

DSHUNRORRBUSAAR

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April 16, 2020 09:08 ET (13:08 GMT)

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