REG - Plexus Holdings Plc - Result of General Meeting

Plexus HoldingsAnnouncement

07/04/2025 12:30

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RNS Number : 9521D  Plexus Holdings Plc  07 April 2025

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

 

7 April 2025

Plexus Holdings PLC

('Plexus' or 'the Company')

 

Result of General Meeting

 

Plexus Holdings PLC, the AIM-traded wellhead services business, is pleased to
announce that at the General Meeting ("GM") of the Company held earlier today,
all of the resolutions ("Resolutions") proposed at the GM were duly passed.

 

Further details on the Resolutions are set out in the Circular and Notice of
Meeting dated 20 March 2025, which is available on the Company's website
www.plexusplc.com.

 

The table below shows the votes cast on the Resolutions proposed at the
General Meeting:

 Resolution Total  Total Votes For *  % For   Total Votes Against  % Against  Total Votes Cast  Votes Withheld**
 1                 60,181,885         99.96%  22,607               0.04%      60,204,492        2,200
 2                 60,162,600         99.93%  41,892               0.07%      60,204,492        2,200

 

*Includes discretionary votes

**A vote withheld is not a vote in law and is not counted in the calculation
of the proportion of votes "For" or "Against" any of the resolutions

 

Following the conversion of the Convertible Loan Notes, the security that was
granted to the lenders by way of a first ranking charge over the Company's
assets (which was approved by shareholders at the Company's AGM in 2022), has
now been released.

 

Admission and dealings in the 67,305,127 New Ordinary Shares are expected to
commence at 8.00 a.m. on 8 April 2025. Following Admission, the Enlarged Share
Capital of the Company will consist of 172,691,366 Ordinary Shares of 1
pence each. Therefore, the total number of voting rights in the Company is
172,691,366 and this figure 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 the Company, or there is a change to their interest in the
Company.

 

 

ENDS

 

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

 

 Plexus Holdings PLC                Tel: 01224 774222

 Craig Hendrie, CEO

 Mike Park, CFO

 Cavendish Capital Markets Limited  Tel: 0131 220 6939

 Derrick Lee

 Adam Rae

 St Brides Partners Ltd             plexus@stbridespartners.co.uk

 Isabel de Salis

 Paul Dulieu

 Will Turner

 

NOTES

Plexus Holdings plc (AIM: POS) is an IP-led company specialising in developing
and providing wellhead systems and associated products and services for
offshore operations.

 

Headquartered in Aberdeen, the company focuses on providing wellheads for
Jack-up rig operations such as exploration and appraisal drilling, Plug &
Abandonment work and emerging markets for Carbon Capture & Storage,
hydrogen production and storage and geothermal. Plexus has a collaboration
agreement with SLB to supply Exact adjustable wellhead systems for Jack-up
applications and supports these operations with a range of proprietary
equipment and tools, and project engineering services.

 

Plexus is known for its highly innovative POS-GRIP® wellhead technology and
HG® metal-to-metal sealing systems, for which licences have been sold to
major industry players such as SLB and TechnipFMC for limited applications.
Plexus continues to develop products based on POS-GRIP technology for
challenging surface production wellhead platforms, special projects and
connector and subsea applications such as the Python® subsea wellhead system.

 

Plexus has always been at the forefront of innovation to reduce risk and
improve performance in the energy industry, such as developing through-BOP
wellhead systems which help to prevent blow-outs, and POS-GRIP "HG" Seals
which are leak-free throughout field life and so reduce methane emissions and
minimise maintenance costs. These innovations support the oil and gas
industry's ESG and NetZero, and in recognition of this, Plexus was Awarded the
London Stock Exchange's Green Economy Mark in 2021.

 

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

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