PRES.L

Pressure Technologies Plc
PressureTechnologies - PDMR/PCA Shareholding
18th October 2024, 13:03
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RNS Number : 8204I
Pressure Technologies PLC
18 October 2024
 
18 October 2024

 

Pressure Technologies plc

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

 

PDMR / PCA Shareholding

 

Pressure Technologies plc (AIM: PRES), the specialist engineering group, was informed today that Rockwood Strategic plc purchased a total of 208,321 ordinary shares in the Company ("Ordinary Shares") at an average price of 32.2 pence per share, on 9, 10 and 17 October 2024.

 

Following the share purchases, Rockwood Strategic plc holds 7,958,321 Ordinary Shares, equivalent to 20.58 per cent of the Company's issued share capital.

 

Rockwood Strategic plc is a person closely associated ("PCA") with Richard Staveley, Non-Executive Director of the Company. Further details on the share purchases are included below.

 

 

For further information, please contact:

  Pressure Technologies plc

  Chris Walters, Chief Executive

  Steve Hammell, Chief Financial Officer

Tel: 0333 015 0710

company.secretary@pressuretechnologies.co.uk

  Singer Capital Markets (Nomad and Broker)

  Rick Thompson / Asha Chotai

Tel: 0207 496 3000

 

COMPANY DESCRIPTION

 

www.pressuretechnologies.com

 

Pressure Technologies plc is based in Sheffield and operates through its wholly subsidiary Chesterfield Special Cylinders ("CSC").  CSC is a market leading designer, manufacturer and provider of safety-critical, high-pressure containment products and services to a global customer base in the defence, hydrogen energy, oil & gas and industrial markets. For more information on CSC, please visit www.chesterfieldcylinders.com 

 

 

Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMR") and Persons Closely Associated with them:

 

1

 

Details of the Person Discharging Managerial Responsibilities / Person Closely Associated

 

a)

 

Name

 

Rockwood Strategic plc

2

 

Reason for the notification

a)

 

Position/status

Person Closely Associated with Richard Staveley (Director and PDMR of the Company)

b)

 

Initial notification /Amendment

Initial Notification

 

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 financial instrument, type of instrument

Ordinary Shares



Identification code

GB00B1XFKR57



b)

Nature of the transaction

Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)

Date

Volume

Price

9 October 2024

33,321

£0.31

10 October 2024

100,000

£0.32

17 October 2024

75,000

£0.33

 

d)

 

Aggregated information

Total volume: 208,321

Volume weighted average price: £0.322

e)

 

Date of the transaction

9, 10 and 17 October 2024

f)

 

Place of the transaction

AIM, London Stock Exchange

 

 

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