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 Meadowhall Road, Sheffield, South Yorkshire S9 1BT.
The Company has the following wholly owned UK incorporated subsidiaries:
- Chesterfield Special Cylinders Limited (company number 4869273) whose registered office is at Meadowhall Road, Sheffield S9 1BT
- Chesterfield Pressure Systems Group Limited (company number 4753732) whose registered office is at Meadowhall Road, Sheffield S9 1BT
- Chesterfield Cylinders Limited (company number 6441359) whose registered office is at Meadowhall Road, Sheffield S9 1BT
- Chesterfield BioGas Limited (company number 6649410) whose registered office is at Meadowhall Road, Sheffield S9 1BT
- Chesterfield Tube Company Limited (company number 5242094) whose registered office is at Meadowhall Road, Sheffield S9 1BT
- Al-Met Limited (company number 1897307) whose registered office is at Meadowhall Road, Sheffield, S9 1BT
- Hydratron Limited (company number 01548328) whose registered office is at Meadowhall Road, Sheffield, S9 1BT
Constitutional documents
Articles of Association
AIM Securities (total in issue, percentage not in public hands), significant shareholders:
| Authorised share capital | Number | £ |
|---|
| Ordinary shares of 5p each |
15,000,000 |
750,000 |
|---|
| Allotted and fully paid-up shares |
Number |
£ |
|---|
| Ordinary shares of 5p each (listed in AIM) |
11,349,544 |
567,477 |
|---|
| Directors shareholdings | Number | % of issued share
capital |
|---|
| J.T.S. Hayward |
1,002,221 |
8.83% |
|---|
| R.L. Shacklady* |
62,500 |
0.55% |
|---|
| N.F. Luckett** |
52,000 |
0.46% |
|---|
| P.S. Cammerman |
28,395 |
0.25% |
|---|
| T.J. Lister |
3,750 |
0.03% |
|---|
* - Includes 22,500 shares held by his spouse
** - Includes 7,667 shares held by his spouse
Significant shareholdings as at 18 March 2012
| D&A Income |
1,045,000 |
9.21% |
|---|
| J.T.S. Hayward |
1,002,221 |
8.83% |
|---|
| Artemis |
921,667 |
8.12% |
|---|
| Hargreave Hale |
751,467 |
6.62% |
|---|
| J.W. Brown |
625,454 |
5.51% |
|---|
| A. Harding |
588,333 |
5.18% |
|---|
| Unicorn |
486,767 |
4.29% |
|---|
| YFM Private Equity |
483,633 |
4.26% |
|---|
| Liontrust Intellectual Capital Trust |
376,025 |
3.31% |
|---|
| P.L. Redfern |
345,000 |
3.04% |
|---|
| South Yorkshire Investment Capital Fund |
342,224 |
3.02% |
|---|
Number of shares not in public hands
The number of shares not in public hands at 18 March 2012 was 2,960,915 representing 26.09% of the issued share capital at that date.
Share Options
On 18 August 2009, a further 29,015 options were granted under the SAYE Share Option Scheme at an option price of 150p. On 18 March 2012, 16,577 of these options remained outstanding.
On 7 October 2009, options were granted over 116,127 ordinary shares under the rules of the Pressure Technologies plc Performance Share Plan – Enterprise Management Plan at an exercise price of 232.5p. These options are exercisable between 3 and 5 years following the date of grant. On 18 March 2012, 51,612 of these options remained outstanding.
On 28 July 2011, a further 89,028 options were granted under the SAYE Share Option Scheme at an option price of 150p. On 18 March 2012, 84,215 options remained outstanding.
On 23 February 2012, the Board agreed to grant options over a total of
53,156 ordinary shares in the Company under the rules of the Pressure Technologies plc Performance Share Plan - Enterprise Management Incentive Plan. The options are exercisable at a price of 150.5 pence per ordinary share (being the closing mid-market price on 22 February 2012), and are exercisable after three years in accordance with the rules of the Performance Share Plan.
In addition, the Company granted options over a further 73,089 ordinary shares in the Company, under the rules of the Pressure Technologies plc Performance Share Plan, to Thomas James Lister, a director of the Company. These options are also exercisable at a price of 150.5 pence per ordinary share (being the closing mid-market price on 22 February 2012), and are exercisable after three years in accordance with the rules of the Performance Share Plan.
The Directors’ interests in share options are as follows:
| Date Granted | Number | Option Price |
|---|
| T.J. Lister |
18 August 2009 |
6,050 |
150p |
|---|
| T.J. Lister |
7 October 2009 |
51,612 |
232.5p |
|---|
| T.J. Lister |
23 February 2012 |
73,089 |
150.5p |
|---|
Restrictions on transfer of shares
The restrictions imposed on the transfer of shares at the time of the Company’s admission to AIM in June 2007 expired in June 2010.
Most Recent Annual Report
Annual Report 2011
Most Recent Interim Report
Interim Report 2011
Most Recent Admission Document
Admission to trading on AIM