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Pressure Technologies ( (GB:PRES) ) has issued an update.
Pressure Technologies plc announced the results of its 2025 Annual General Meeting, where all twelve proposed resolutions were passed. Notably, there was a significant proportion of votes against the resolution to authorize the allotment of shares, prompting the Board to engage with shareholders for further discussions. Additionally, a special resolution to change the company’s name to Chesterfield Special Cylinders Holdings plc was approved, with the change expected to take effect on March 21, 2025. This rebranding reflects the company’s focus on its core operations and market positioning.
More about Pressure Technologies
Pressure Technologies plc, based in Sheffield, operates through its wholly owned subsidiary Chesterfield Special Cylinders (CSC). CSC is a market-leading designer, manufacturer, and supplier of safety-critical, high-pressure containment products and services to a global customer base in the defense, hydrogen energy, oil & gas, and industrial markets.
YTD Price Performance: -11.39%
Average Trading Volume: 39,082
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £12.57M
For detailed information about PRES stock, go to TipRanks’ Stock Analysis page.