Result of Oversubscribed Placing

About this update from Chesterfield Special Cylinders Holdings Plc

[{"type":"text","content":"\n \nRNS Number : 7282T Pressure Technologies PLC 16 October 2017  \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \nTHIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN PRESSURE TECHNOLOGIES PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION. 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 \"Company\")\n \nResult of Oversubscribed Placing\nand Posting of Circular\n \nLondon, 16 October 2017 - Pressure Technologies plc (AIM: PRES), the specialist engineering group, is pleased to announce the result of the bookbuild announced earlier today.\n \nA total of 4,100,000 new Ordinary Shares of 5 pence each in the Company representing approximately 28.29 per cent. of the Company's existing issued ordinary share capital have been conditionally placed at a price of 122 pence per Placing Share raising proceeds of approximately £5.0 million (before expenses), subject to completion of the Placing.\n \nThe Placing is conditional, amongst other things, upon the passing of the Resolutions. The Placing Shares will be issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passu in all respects with the Existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of their issue.\n \nApplication has been made for the 4,100,000 new Ordinary Shares to be admitted to trading on AIM. Dealings in these new Ordinary Shares are expected to commence on 6 November 2017. The new Ordinary Shares will rank pari passu with the Company's...

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