Development in the proposed sale of Greenlane

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[{"type":"text","content":"\n \nRNS Number : 8450Y Pressure Technologies PLC 13 May 2019  \n\n \n \n \n13 May 2019\n \nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \nPressure Technologies plc\n(\"Pressure Technologies\" or \"the Group\")\n \nDevelopment in the proposed sale of Greenlane Biogas\n \nPressure Technologies (AIM: PRES), the specialist engineering group, announces that further to the update on 1 April 2019 on the proposed sale of the Group's wholly-owned subsidiary, PT Biogas Holdings Limited, trading as Greenlane Biogas (\"Proposed Sale\"), to Creation Capital Corp (TSX-V: CRN.P), a capital pool company listed on the TSX Venture Exchange (\"TSX-V\"), conditional approval for the transaction has been given by the TSX-V and a Filing Statement has today been filed. Completion will follow conclusion of the private placement. Final details and terms of the Proposed Sale will be announced at Completion, which is expected to be before the end of May 2019.\nA copy of the Filing Statement is available under Creation Capital's SEDAR profile and can be accessed via this link. Link to Filing statement.\nFor further information, please contact:\n \n\n\n\nPressure Technologies plc\nChris Walters, Chief Executive \nJoanna Allen, Chief Financial Officer\n \n\n\nTel: 0114 257 3616\nwww.pressuretechnologies.com\n\n\n\n\nCantor Fitzgerald Europe (Nominated Adviser and Broker)\n\n\nTel: 020 7894 7000\n\n\n\n\nPhilip Davies / Will Goode\n \n\n\n\n\n\n\n\nBelvedere Communications \nKeeley Clarke ([email protected]) \nCat Valentine ([email protected]) \n \n\n\n \nTel: 07967 816 525 \nTel: 07715 769 078\n\n\n\n \nCOMPANY DESCRIPTION\n \nCompany description - www.pressuretechnologies.com  \nWith its head office in Sheffield, Pressure Technologies was founded on its leading market position as a designer and manufacturer of high-pressure components and systems serving the global energy, defence and industrial gases markets.\nPrecision Machined Components - www.pt-pmc.com\n●     Al-Met, Mid ...

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