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LONDON - Plexus Holdings PLC (LON:PLEX), an AIM-listed oil equipment and services provider, announced today that shareholders have passed all resolutions at its General Meeting. The voting results, detailed in the Circular and Notice of Meeting from March 20, 2025, are now available on the company’s website.
The resolutions included the release of security granted to lenders following the conversion of Convertible Loan Notes, a measure approved at the 2022 AGM. This release signifies the satisfaction of conditions tied to the company’s debt arrangements.
Plexus (NASDAQ:PLXS) also confirmed that trading of 67,305,127 New Ordinary Shares is set to begin at 8.00 a.m. on April 8, 2025. Post-admission, the company’s enlarged share capital will total 172,691,366 Ordinary Shares, each valued at 1 pence. This figure establishes the new voting rights baseline for shareholders to determine their notification requirements for any interest changes in the company.
The resolutions were overwhelmingly supported, with votes for the first resolution at 99.96% and the second at 99.93%. The total number of votes cast for each resolution was 60,204,492, with a marginal number of votes withheld, which under UK law, are not counted.
Plexus is recognized for its innovative POS-GRIP® wellhead technology and HG® metal-to-metal sealing systems. The company has sold licenses for these technologies to major industry players, including SLB and TechnipFMC (NYSE:FTI), for specific applications. Plexus continues to develop its POS-GRIP technology for various challenging applications, including surface production wellhead platforms and subsea systems like the Python® subsea wellhead.
The company’s focus on innovation aligns with the energy industry’s environmental, social, and governance (ESG) goals and NetZero ambitions. Plexus was awarded the Green Economy Mark by the London Stock Exchange (LON:LSEG) in 2021, reflecting its commitment to sustainable practices.
This announcement is based on a press release statement from Plexus Holdings PLC.
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