REG - Plexus Holdings Plc - Posting of Annual Report & Notice of AGM

Plexus HoldingsAnnouncement

30/11/2022 07:00

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RNS Number : 9945H  Plexus Holdings Plc  30 November 2022

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil Equipment &
Services

 

 

 30 November 2022

 

 

Plexus Holdings PLC

 ('Plexus' or 'the Company')

 

Posting of Annual Report & Notice of AGM

 

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business
and owner of the proprietary POS-GRIP® friction-grip method of wellhead
engineering, is pleased to announce that its Annual Report & Accounts and
Notice of Annual General Meeting ('AGM') have been posted to shareholders and
are available for download on the Company's website www.plexusplc.com
(http://www.plexusplc.com) .

 

The Company's AGM will be held at the offices of Fox Williams LLP, 10 Finsbury
Square, London, EC2A 1AF on 23 December 2022 at 2.30pm.

 

**ENDS**

 

For further information please visit www.plexusplc.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.plexusplc.com%2F&data=04%7C01%7Cmax%40stbridespartners.co.uk%7Cf95a4b6f76534111278008d9ada6ae14%7C48b7268319d344289c4b73cf144d89ed%7C1%7C0%7C637731753658455158%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=e3gV5uYvAWyZh02Yl7KrqzsdCn%2FStgkR5dk3Do2XxLA%3D&reserved=0)
 or contact:

 

 Plexus Holdings PLC       info@plexusplc.com

 Ben van Bilderbeek, CEO

 Graham Stevens, CFO
 Cenkos Securities PLC     Tel: 0131 220 6939

 Derrick Lee

 Pete Lynch
 St Brides Partners Ltd    plexus@stbridespartners.co.uk

 Isabel de Salis

 Ana Ribeiro

 

 

Notes to Editors

 

Plexus Holdings plc (AIM: POS)

Plexus is an IP led company focussed on establishing its patented leak-proof
POS-GRIP® wellhead and associated equipment as the go-to technology for
energy markets whilst making a genuine contribution to the oil and gas
industry's ESG and NetZero goals by championing "through the BOP" (Blow-out
Preventer) designs, and lifetime leak-proof HG® metal-to-metal sealing
systems.  Having protected the environment for many years through these
technological innovations, the Company was awarded the London Stock Exchange's
Green Economy Mark in July 2021 and continues to place emphasis on its ability
to reduce harmful methane emissions and unnecessary maintenance and
intervention costs.

 

Headquartered in Aberdeen, the Company has provided leak-free wellhead
performance in over 400 wells worldwide and worked with an array of blue-chip
oil and gas company clients.  As well as generating direct revenues from
securing orders for surface production wellheads particularly in the UK and
European North Sea regions, the Company has several licencing agreements with
major partners including FMC Technologies, which is a subsidiary of TechnipFMC
and Cameron, a Schlumberger Group company. Cameron has a non-exclusive licence
to use the POS-GRIP and HG® metal-to-metal seal method of wellhead
engineering for the development of conventional and unconventional oil and gas
surface wellheads, and Plexus entered into a Cooperation Agreement, which
enabled Plexus to return to the Jack-up Exploration (Adjustable) Wellhead
rental business for 'through the BOP' jack-up applications, where Cameron will
help to provide Plexus with sales leads and market insight through a formal
Sales Advisory Board.

 

Plexus' current suite of products and applications include: "HG" wellheads,
which combine POS-GRIP technology with gas tight leak free metal-to-metal
sealing; the Python® subsea wellhead, developed in a Joint Industry Project
with several industry leaders; the POS-SET™ Connector for the
de-commissioning and abandonment market; and Tersus-PCT, an innovative HP/HT
tie back connector product. Having proved the superior uniquely enabling
qualities of POS-GRIP Technology, Plexus is now also focused on establishing
its technology and equipment in other markets such as Plug and Abandonment
de-commissioning, carbon capture, gas storage, hydrogen and geothermal where
it can play an important role in reducing harmful methane emission risks as
operators strive to deliver on ESG commitments and NetZero goals in a safe and
cost-effective way.

 

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

 

 

 

 

 

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