Plexus Holdings Announces Sale of Treasury Shares for Cash

Source: www.gulfoilandgas.com 12/8/2023, Location: Europe

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 Plexus has sold, from treasury, 2,200,495 shares in the Company ("Treasury Shares") at an average price of 18.93 pence per share, to raise gross proceeds of £416,553.70.

The funds raised through the sale of the Treasury Shares will provide additional working capital for the Company as it seeks to capitalise on its growing pipeline of opportunities and potential orders.

Following the sale of the Treasury Shares, the Company has a total of 105,386,239 Ordinary Shares in issue, and there are no remaining shares held in treasury. The figure of 105,386,239 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.


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