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Pressure Technologies plc held its Annual General Meeting on March 31, 2023, where all proposed resolutions, except two that were withdrawn, were duly passed. Shareholders voted for the re-appointment of four directors and the company's auditor, and authorised the directors to allot shares, purchase own shares, and disapply pre-emption rights. Support for the passed resolutions ranged from 81.27% to 99.92% of votes cast.
| Date | 31 Mar 2023 |
| Time | 13:56:18 |
| Category | AGMs and other meetings |
| ID | 9942U |
31 March 2023
Pressure Technologies plc
("Pressure Technologies")
Result of AGM
At the Annual General Meeting of Pressure Technologies (AIM: PRES) held earlier today, all resolutions proposed were duly passed.
The total votes were cast as follows:
|
Resolution |
For |
% |
Against |
% |
Withheld** |
|
|
1 |
RESOLUTION WITHDRAWN |
|||||
|
2 |
RESOLUTION WITHDRAWN |
|||||
|
3 |
To re-appoint Nick Salmon as a Director |
19,271,232 |
99.82 |
34,950 |
0.18 |
4,293,557 |
|
4 |
To re-appoint Tim Cooper as a Director |
19,287,232 |
99.90 |
18,950 |
0.10 |
4,293,557 |
|
5 |
To re-appoint Chris Walters as a Director |
23,479,779 |
99.92 |
18,950 |
0.08 |
101,010 |
|
6 |
To re-appoint Mike Butterworth as a Director |
19,272,232 |
99.82 |
33,950 |
0.18 |
4,293,557 |
|
7 |
To re-appoint Grant Thornton LLP as Auditor |
23,424,779 |
99.31 |
162,836 |
0.69 |
121,24 |
|
8 |
To authorise the Directors to set the Auditor's remuneration |
22,998,112 |
97.45 |
600,617 |
2.55 |
1,010 |
|
9 |
To authorise the directors to allot shares |
19,276,932 |
81.69 |
4,321,797 |
18.31 |
1,010 |
|
10 |
To authorise the Company to purchase its own shares* |
23,453,293 |
99.38 |
145,436 |
0.62 |
1,010 |
|
11 |
To disapply pre-emption rights* |
19,178,739 |
81.27 |
4,419,990 |
18.73 |
1,010 |
*Special Resolution
** A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' and 'Against' any of the resolutions.
Notes
1. Any proxy appointments, which gave discretion to the Chairman have been included in the 'for' votes total.
2. At the date of the notice of the AGM the total number of shares in issue was 38,667,163.
For further information, please contact:
|
Pressure Technologies plc Chris Walters, Chief Executive
|
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
With its head office in Sheffield, Pressure Technologies 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 Company has two divisions, Chesterfield Special Cylinders and Precision Machined Components.
Chesterfield Special Cylinders (CSC) - 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.