Pressure Technologies PLC Trial Verdict (7566U)
November 27 2019 - 2:00AM
UK Regulatory
TIDMPRES
RNS Number : 7566U
Pressure Technologies PLC
27 November 2019
Pressure Technologies plc
("Pressure Technologies", the "Company" or the "Group")
Trial Verdict
On 18 November 2019, Pressure Technologies (AIM: PRES), the
specialist engineering group, announced that a trial had commenced
in respect of the intended prosecution by the Health & Safety
Executive ("HSE") following the fatal accident at its subsidiary
Chesterfield Special Cylinders ("CSC") in June 2015.
Trial proceedings have concluded and the jury has delivered a
guilty verdict pursuant to Section 2 of the Health and Safety at
Work Act 1974.
A sentencing hearing has been scheduled for 9 December 2019 and
the Company expects that the penalty will be determined at that
time.
For further information, please contact:
Pressure Technologies plc
Chris Walters, Chief Executive Tel: 0114 257 3616
Joanna Allen, Chief Financial Officer pressuretech@investor-focus.co.uk
N+1 Singer (Nomad and Broker) Tel: 0207 496 3000
Mark Taylor / Lauren Kettle
IFC Advisory Ltd (Financial PR Tel: 0203 934 6630
and IR)
Graham Herring / Tim Metcalfe /
Zach Cohen
COMPANY DESCRIPTION
Company description - www.pressuretechnologies.com
With its head office in Sheffield, the Pressure Technologies
Group was founded on its leading market position as a designer and
manufacturer of high-integrity, safety-critical components and
systems serving global supply chains in oil and gas, defence,
industrial gases and hydrogen energy markets.
The Group has two divisions, Precision Machined Components and
Chesterfield Special Cylinders.
Precision Machined Components (PMC) - www.pt-pmc.com
-- Precision Machined Components includes the Al-Met, Roota
Engineering, Quadscot and Martract brands.
Chesterfield Special Cylinders (CSC) -
www.chesterfieldcylinders.com
-- Chesterfield Special Cylinders, Sheffield, includes CSC
Deutschland Gmbh, which is based in Dorsten, Germany.
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END
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