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Pressure Technologies plc announced a delay in the publication of its audited Annual Report & Accounts for the financial year ended 1 October 2022 (FY22) as auditor Grant Thornton requires more time. The Company now expects to publish the FY22 Annual Report by mid-May 2023, rather than by the end of April 2023, with no change to previously announced revenue and operating profit. Its shares, suspended from trading on AIM since 3 April 2023, will remain suspended until the report's publication.
| Date | 27 Apr 2023 |
| Time | 10:30:00 |
| Category | Miscellaneous |
| ID | 7039X |
Pressure Technologies plc
("Pressure Technologies", "the Company" or "the Group")
Further Update on FY22 Annual Report & Accounts
Pressure Technologies plc (AIM: PRES), the specialist engineering group, provides an update on the publication of its Annual Report & Accounts for the financial year ended 1 October 2022 ("FY22 Annual Report").
The Company's auditor, Grant Thornton, has advised that it requires more time to finalise its audit report due to resource constraints. The Company will therefore not be in a position to publish its audited FY22 Annual Report by the end of April 2023 as previously announced on 21 and 27 March 2023.
The Company now expects to publish its FY22 Annual Report by mid-May 2023, with no change to the expected Group revenue and operating profit previously announced on 21 March 2023.
The Company's shares were suspended from trading on AIM on 3 April 2023, and will remain suspended until the FY22 Annual Report is published.
Further announcements will be made in due course as appropriate.
For further information, please contact:
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Pressure Technologies plc Chris Walters, Chief Executive
|
Tel: 0330 015 0710 |
|
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.