TIDMPRES

RNS Number : 0340J

Pressure Technologies PLC

17 December 2020

Pressure Technologies plc

("Pressure Technologies" or the "Company")

Result of General Meeting

Pressure Technologies plc, (AIM: PRES), the specialist engineering group, is pleased to confirm that at the General Meeting held earlier today, in connection with its proposed Placing and PrimaryBid Offer of GBP7.5 million, all resolutions were duly passed. This included Resolution 3 which proposed the cancellation of the Company's share premium account; this is still subject to the consent of the High Court of Justice of England and Wales.

Application has been made to the London Stock Exchange for 12,471,998 new Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective at 8.00 a.m. tomorrow, 18 December 2020.

Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the announcement made by the Company on 30 November 2020 at 4:35 p.m. to announce the launch of the Placing.

 
 Pressure Technologies plc            Tel: 0114 257 3616 
  Chris Walters, Chief Executive       PressureTechnologies@houston.co.uk 
 N+1 Singer (Nomad and Broker)        Tel: 0207 496 3000 
  Mark Taylor / Carlo Spingardi 
 Houston (Financial PR and Investor   Tel: 0204 529 0549 
  Relations) 
  Kate Hoare / Anushka Mathew / 
  Ben Robinson

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(END) Dow Jones Newswires

December 17, 2020 07:37 ET (12:37 GMT)

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