Chesterfield Special Cylinders Holdings PLC

AGM Information • Dec 2, 2022

National Storage Mechanism | Additional information

RNS Number : 4809I

Pressure Technologies PLC

02 December 2022

Pressure Technologies plc

("Pressure Technologies" or the "Group")

Result of General Meeting

Director Dealing

Pressure Technologies plc, (AIM: PRES), the specialist engineering group, announces that, at its General Meeting held earlier today in connection with the proposed Fundraising to raise gross proceeds of £2.28 million, all resolutions were duly passed.

The proxy voting results for the resolutions are included below:

Resolution	Votes For*	% of votes cast	Votes Against	% of votes cast	Total votes cast	% of issued share capital voted
1.   To grant authority to directors to allot the New Ordinary Shares pursuant to the Fundraising	17,588,420	97.55%	442,250	2.45%	18,030,670	58.04%
2.   To disapply pre-emption rights in relation to the New Ordinary Shares	17,588,220	97.55%	442,450	2.45%	18,030,670	58.04%

*Votes "For" include votes giving the Chairman discretion

Director/PDMR Dealings

Further to the announcement on 15 November 2022, the Company also confirms the participation of the following Directors in the Placing, as follows:

Director	Number of Existing Ordinary Shares	Number of Placing Shares subscribed for in the Placing	Number of Ordinary Shares held on Admission	Percentage of Enlarged Share Capital on Admission
Nicholas Salmon (Chair)	-	100,000	100,000	0.26%
Chris Walters (Chief Executive)	84,667	33,333	118,000	0.31%
Tim Cooper (Non-Executive Director)	11,666	33,333	44,999	0.12%
Mike Butterworth (Non-Executive Director)	80,800	33,333	114,133	0.30%

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for admission of 7,600,000 New Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 6 December 2022.

Following Admission, the Company's issued and fully paid share capital will consist of 38,667,163 Ordinary Shares, all of which carry one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company will be 38,667,163. With effect from Admission, this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used in this announcement shall bear the same meaning ascribed to such terms in the Company's announcement on 15 November 2022 to announce the launch of the Fundraising.

For further information, please contact:

Pressure Technologies plc Chris Walters, Chief Executive James Locking, Chief Financial Officer	Tel: 0330 015 0710   PressureTechnologies@houston.co.uk
Singer Capital Markets (Nomad and Broker) Rick Thompson / Asha Chotai	Tel: 0207 496 3000
Houston (Financial PR and Investor Relations) Kay Larsen / Ben Robinson	Tel: 0204 529 0549

COMPANY DESCRIPTION

https://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 and hydrogen energy markets.

The Group has two divisions, Chesterfield Special Cylinders and Precision Machined Components.

Chesterfield Special Cylinders (CSC) -    https://www.chesterfieldcylinders.com/

● Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland GmbH.

Precision Machined Components (PMC) -    www.pt-pmc.com

● Precision Machined Components includes the Al-Met, Roota Engineering and Martract sites.  

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1.   Nicholas Salmon

2.   Chris Walters

3.   Tim Cooper

4.   Mike Butterworth

2

Reason for the notification

a)

Position/status

1.   PDMR (Chair)

2.   PDMR (Chief Executive)

3.   PDMR (Non-Executive Director)

4.   PDMR (Non-Executive Director)

b)

Initial notification /Amendment

Initial notifications

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

Identification code

New ordinary shares of 5p each

GB00B1XFKR57

b)

Nature of the transaction

Acquisition of new ordinary shares in the placing

c)

Price(s) and volume(s)

PDMR	Price(s)	Volume(s)
1.   Nicholas Salmon 2.   Chris Walters 3.   Tim Cooper 4.   Mike Butterworth	1.  Placing price of 30p 2.  Placing price of 30p 3.  Placing price of 30p 4.  Placing price of 30p	1.  100,000 2.  33,333 3.  33,333 4.  33,333

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

2 December 2022

f)

Place of the transaction

Outside a trading venue

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