Acquisition of shares by a Director

About this update from Chesterfield Special Cylinders Holdings Plc

[{"type":"text","content":"\n \nRNS Number : 1173M Pressure Technologies PLC 11 July 2014  \n \n\n \n                                                                                                                                                                                 11 July 2014\n \nPressure Technologies plc\n(\"Pressure Technologies\", the \"Group\" or the \"Company\")\n \nAcquisition of Shares by a Director\n \nThe Board of Pressure Technologies has been informed that James Lister, Finance Director, has today acquired 36,000 ordinary shares in the Company and now holds 66,000 ordinary shares, being 0.46 per cent. of the Company's issued ordinary share capital.\n \nMr Lister acquired these additional ordinary shares by way of the exercise of share options at a price of 232.5 pence per share.  Mr Lister exercised 51,612 options of new ordinary shares and has today sold 15,612 of those ordinary shares at a price of 710 pence per share, to substantially fund the exercise of all of the options.  The shares have been acquired by an institutional investor.\n \nThe 51,612 new ordinary shares will rank pari passu with the existing ordinary shares in the Company and application has been made for these new ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 18 July 2014. \n \nIn accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of ordinary shares of 5 p...

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