REG - Plexus Holdings Plc - Result of AGM

Plexus HoldingsAnnouncement

27/12/2023 07:00

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RNS Number : 8402X  Plexus Holdings Plc  27 December 2023

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

27 December 2023

 

 

 

 

 

Plexus Holdings PLC

('Plexus' or 'the Company')

Result 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 known for its safety, time, and cost-saving capabilities, is
pleased to announce that each of the resolutions proposed at the Annual
General Meeting ("AGM") on 22 December 2023 were duly passed.  Further
details of the resolutions approved at the AGM are set out in the notice of
meeting, which is available on the Company's website www.plexusplc.com
(http://www.plexusplc.com) .

 

**ENDS**

 

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

 

 Plexus Holdings PLC                Tel: 020 7795 6890

 Ben van Bilderbeek, CEO

 Graham Stevens, CFO
 Cavendish Capital Markets Limited  Tel: 0131 220 6939

 Derrick Lee

 Adam Rae
 St Brides Partners Ltd             plexus@stbridespartners.co.uk

 Isabel de Salis

 Ana Ribeiro

 

NOTES

 

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/collaboration
agreements with major partners including FMC Technologies, which is a
subsidiary of TechnipFMC and Cameron, a SLB Group company. Cameron has a
non-exclusive term 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 production 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.

 

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 P&A 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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