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 |
| Singer Capital Markets (Nomad and Broker) Rick Thompson / Asha Chotai | Tel: 0207 496 3000 |
COMPANY DESCRIPTION
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) |
| ||||||||||||
| 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 | ||||||||||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.