Pressure Technologies PLC Directorate Change (2491E)
February 08 2018 - 2:00AM
UK Regulatory
TIDMPRES
RNS Number : 2491E
Pressure Technologies PLC
08 February 2018
8 February 2018
Pressure Technologies plc
("Pressure Technologies" or the "Group")
Directorate Change
Pressure Technologies (AIM: PRES), the specialist engineering
Group today announces that Philip Cammerman, Non-Executive Director
has indicated that he intends to retire from the Board at the end
of March 2018.
John Hayward, Chief Executive Officer, said: "Phil has made a
significant contribution to the Group during his nine years on the
Board. His wise counsel has always been both thought provoking and
supportive."
Alan Wilson, Non-Executive Chairman, said: "The Board would like
to extend its sincere gratitude to Phil for his long-standing
contribution to the development of the Group. We wish him all the
very best in his retirement."
The Board do not currently intend to replace Mr Cammerman,
however this will be kept under review. From 1 April 2018 the
Remuneration Committee will be chaired by Alan Wilson.
The Group's Annual General Meeting is scheduled to take place on
Tuesday 13 February 2018 at 11.00am at Chesterfield Special
Cylinders, Meadowhall Road, Sheffield, South Yorkshire, S9 1BT.
Under the Group's Articles of Association Mr Cammerman is due to
stand for re-election and if the relevant resolution is passed he
will continue to fulfil his duties as a Non-Executive until his
retirement from the Board.
For further information, please contact:
Pressure Technologies Tel: 0114 257 3622
plc www.pressuretechnologies.com
John Hayward, Chief Executive
Officer
Joanna Allen, Chief Financial
Officer
Keeley Clarke, Investor
Relations
Cantor Fitzgerald Europe Tel: 020 7894 7000
(Nominated Adviser and
Broker)
Philip Davies / Will Goode
COMPANY DESCRIPTION
Company description - www.pressuretechnologies.com
With its head office in Sheffield, Pressure Technologies was
founded on its leading market position as a designer and
manufacturer of high-pressure components and systems serving the
global energy, defence and industrial gases markets. Today it
continues to serve those markets from a broader engineering base
with specialist precision engineering businesses and has a
worldwide presence in Alternative Energy as a global leader in
biogas upgrading.
Pressure Technologies has four divisions, Precision Machined
Components, Engineered Products, Cylinders and Alternative Energy,
serving four main markets: oil and gas, defence, industrial gases
and alternative energy.
Precision Machined Components - www.pt-pmc.com
-- Al-Met, Mid Glamorgan, acquired in 2010 www.almet.co.uk
-- Roota Engineering, Rotherham, acquired in March 2014 www.roota.co.uk
-- Quadscot, Glasgow, acquired in October 2014 www.quadscot.co.uk
-- Martract Limited, Barton-on-Humber, acquired in December 2016 www.martract.co.uk
Engineered Products
-- Hydratron, Manchester, acquired in 2010 www.hydratron.com
Cylinders
-- Chesterfield Special Cylinders, Sheffield, IPO cornerstone in
2007 and includes, CSC Deutschland Gmbh, which is based in Dorsten,
Germany and Chesterfield Special Cylinders Inc. which is based in
Houston, USA www.chesterfieldcylinders.com
Alternative Energy
-- Greenlane Biogas, Sheffield, UK; Vancouver, Canada and;
Auckland, New Zealand acquired in October 2014
www.greenlanebiogas.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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