AIM Rule 26

Directors' details

Board committees

Business Description

Pressure Technologies was founded on its leading market position as a designer and manufacturer of high pressure 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.

Country of incorporation, main country of operation:

The Company was incorporated and registered in England and Wales on 2 March 2007 under the Companies Act 1985 (as amended by the Companies Act 2006 or otherwise) as a private company limited by shares with the name Pressure Technologies Limited and with registration number 06135104. On 23 May 2007 the Company passed a special resolution pursuant to Section 43(2) Companies Act 1985 to re-register as a public company.

The Company's registered office and principal place of business is at Newton Business Centre, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH.

The Company has the following wholly owned UK incorporated subsidiaries:

  • Chesterfield Special Cylinders Limited (company number 4869273) whose registered office is at Newton Business Centre, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH
  • Chesterfield Pressure Systems Group Limited (company number 4753732) whose registered office is at Newton Business Centre, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH
  • Chesterfield Cylinders Limited (company number 6441359) whose registered office is at Newton Business Centre, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH
  • Greenlane Biogas UK Limited (formerly Chesterfield Biogas Limited) (company number 6649410) whose registered office is at Newton Business Centre, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH
  • Chesterfield Tube Company Limited (company number 5242094) whose registered office is at Newton Business Centre, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH
  • Al-Met Limited (company number 1897307) whose registered office is at Newton Business Centre, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH
  • Hydratron Limited (company number 01548328) whose registered office is at Newton Business Centre, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH
  • Roota Engineering Limited (company number 01140986) whose registered office is at Newton Business Centre, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH
  • Quadscot Holdings Limited (company number SC430424) whose registered office is at Block 2 Unit 8, Blantyre Industrial Estate, Blantyre, Glasgow, G72 0ND
  • Quadscot Precision Engineers Limited (company number SC124213) whose registered office is at Block 2 Unit 8, Blantyre Industrial Estate, Blantyre, Glasgow, G72 0ND
  • PT Biogas Holdings Limited (company number 08991509) whose registered office is at Newton Business Centre, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH
  • PT Biogas Technology Limited (company number 09199230) whose registered office is at Newton Business Centre, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH
  • Greenlane Biogas Europe Limited (company number 08989056) whose registered office is at Newton Business Centre, Newton Chambers Road, Chapeltown, Sheffield, S35 2PH
The Company also has the following wholly owned overseas subsidiaries:

  • Pressure Technologies plc has one wholly owned overseas subsidiary, PT US Inc, which is based in the USA
  • Chesterfield Special Cylinders Ltd has one wholly owned subsidiary, CSC Deutschland Gmbh, which is based in Germany
  • Hydratron Ltd has one wholly owned subsidiary, Hydratron Inc. which is based in Houston, USA
  • PT Biogas Holdings Ltd has two wholly owned overseas subsidiaries, Greenlane Biogas North America Ltd which is based in Vancouver, Canada and Greenlane Technologies Ltd which is based in Auckland, New Zealand.

Constitutional documents

Articles of Association

AIM Securities (total in issue, percentage not in public hands), significant shareholders:

Allotted and fully paid-up shares Number £
Ordinary shares of 5p each (listed in AIM) 14,479,023 723,951
Directors shareholdings Number % of issued share capital
J.T.S. Hayward 1,002,221

6.93%

P.S. Cammerman 35,000 0.24%
N.A MacDonald 5,200 0.04%


Significant shareholdings as at 17 November 2016
Liontrust Asset Management
1,352,783
9.35%
Schroder Investment Management
1,165,701
8.06%
City Financial Investment
1,080,000 7.46%
J.T.S. Hayward
1,002,221
6.93%
Hargreaves Lansdown
813,323
5.62%
Hargreave Hale 812,950
5.62%
James Sharp
677,055
4.68%
Unicorn Asset Management
567,167
3.92%
Artemis Investment Management
517,500
3.58%
Bank of America Merrill Lynch
515,743
3.56%
A J Bell Securities
502,927
3.48%
Slater Investments
465,000
3.21%

Number of shares not in public hands

The number of shares not in public hands at 18 August 2016 was 1,865,715 representing 12.89% of the issued share capital at that date.

Share Options

SAYE scheme
Date Granted Option Price Expiry Number Outstanding at 16 August 2016
29 July 2013 156p 1 September 2016 43,603
31 July 2014 593p 1 September 2017 16,139
30 July 2015
161.2p
 1 September 2018
238,157
2 August 2016
150p
1 September 2019
83,040
In normal circumstances options holders have a six month period in which to take up their option entitlement following completion of their three year SAYE contract.

Executive share plan
Date Granted Option Price Expiry Number Outstanding at 16 August 2016
23 February 2012 150.5p 23 February 2017 53,156
9 August 2013 242.5p 9 August 2018 100,000
Option holders can exercise their options between the third and fifth anniversary of the date of grant of options in accordance with the rules of the performance share plan.

Long Term Incentive Plan (LTIP)
Date Granted Option Price Expiry Number Outstanding at 16 August 2016
3 April 2014 720.8p 31 March 2020 57,377
12 December 2014
473.33p
12 December 2020
90,547
4 August 2015
225p
30 June 2021
88,332
21 December 2015
196.17p
31 December 2021
410,391

Option holders can exercise their options between the third and sixth anniversary of the date of grant of options in accordance with with rules of the LTIP.


The Directors’ interests in share options at 16 August 2016 are as follows:


 Date Granted Number Option Price
J.T.S Hayward 3 April 2014  24,972  720.8p 
J.T.S Hayward
12 December 2014 
38,028 
473.33p
J.T.S Hayward
21 December 2015 
104,219 
196.17p
J.C Allen
30 July 2015 
4,466
161.2p
J.C Allen
21 December 2015 
71,366
196.17p

Details of any other exchanges or trading platforms

Shares in Pressure Technologies Group are not traded on any exchanges or trading platforms other than the AIM market.

There are no restrictions on the transfer of securities.

UK City Code on Takeovers and Mergers

As an AIM traded UK registered company, Pressure Technologies plc is subject to the UK City Code on Takeovers and Mergers legislation.

Most Recent Annual Report

Annual Report 2015

Most Recent Interim Report

Interim Report 2015

Most Recent Admission Document

Admission to trading on AIM

Announcements in the last 12 months

Regulatory news

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