REG - Plexus Holdings Plc - Board Changes

Plexus HoldingsAnnouncement

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RNS Number : 2555Q  Plexus Holdings Plc  09 July 2025

 

 

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services

 

 

9 July 2025

 

Plexus Holdings PLC ('Plexus' or 'the Company')

 

Board Changes

 

Plexus Holdings PLC, the AIM quoted wellhead services business, is pleased to
announce that Dr Stuart Paton has been appointed as a Non-Executive Director
of the Company with immediate effect.

 

Dr Paton brings over 30 years of experience in the energy industry, having
held a range of senior positions, including Chief Executive Officer of Dana
Petroleum plc and Chair and Non-Executive Director of Getech Group plc. He is
a highly experienced company adviser, holds a PhD from the University of
Cambridge, and is a Fellow of the Geological Society of London.

The Company also announces that Ms Kunming Liu has stepped down from the Board
after 10 years of service. The Board would like to thank Ms Liu for her
valuable contributions and wishes her every success in her future endeavours.

Plexus CEO Craig Hendrie said: "We're delighted to welcome Dr Paton to the
board. His extensive experience in the energy sector, coupled with a strong
track record of guiding UK growth companies in the public markets, will be a
valuable asset to Plexus as we continue to scale."

 

The following disclosures are made pursuant to Schedule 2 paragraph (g) of
the AIM Rules. He does not hold any securities issued by the Company.

Dr Stuart Mcnicol Paton, aged 57, holds the following directorships /
partnerships:

 

 Current Directorships / Partnerships  Former Directorships / Partnerships

                                       (within the last 5 years)
 Dunkeld and Birnam News CIC           Getech Group plc

 Heartland Cares Collective Ltd        H2 Green Ltd

                                       Exprodat Consulting Limited

 

 

ENDS

 

For further information please visit www.plexusplc.com
(http://www.plexusplc.com/) or contact:

 

 Plexus Holdings PLC                Tel: 01224 774222

 Craig Hendrie, CEO

 Mike Park, CFO

 Cavendish Capital Markets Limited  Tel: 0131 220 6939

 Derrick Lee

 Adam Rae

 St Brides Partners Ltd             plexus@stbridespartners.co.uk (mailto:plexus@stbridespartners.co.uk)

 Isabel de Salis

 Paul Dulieu

 Will Turner

 

NOTES

Plexus Holdings plc (AIM: POS) is an IP-led company specialising in developing
and providing wellhead systems and associated products and services for
offshore operations.

 

Headquartered in Aberdeen, the company focuses on providing wellheads for
Jack-up rig operations such as exploration and appraisal drilling, Plug &
Abandonment work and emerging markets for Carbon Capture & Storage,
hydrogen production and storage and geothermal. Plexus has a collaboration
agreement with SLB to supply Exact adjustable wellhead systems for Jack-up
applications and supports these operations with a range of proprietary
equipment and tools, and project engineering services.

 

Plexus is known for its highly innovative POS-GRIP® wellhead technology and
HG® metal-to-metal sealing systems, for which licences have been sold to
major industry players such as SLB and TechnipFMC for limited applications.
Plexus continues to develop products based on POS-GRIP technology for
challenging surface production wellhead platforms, special projects and
connector and subsea applications such as the Python® subsea wellhead system.

 

Plexus has always been at the forefront of innovation to reduce risk and
improve performance in the energy industry, such as developing through-BOP
wellhead systems which help to prevent blow-outs, and POS-GRIP "HG" Seals
which are leak-free throughout field life and so reduce methane emissions and
minimise maintenance costs. These innovations support the oil and gas
industry's ESG and NetZero, and in recognition of this, Plexus was Awarded the
London Stock Exchange's Green Economy Mark in 2021.

 

For more information visit: https://www.plexusplc.com/
(https://www.plexusplc.com/)

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