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Plexus Holdings Plc

Plexus Holdings looking at ways to monetise its IP as oil and gas sector recovers

Ben van Bilderbeek, chief executive of Plexus Holdings PLC (LON:POS), spoke to Proactive's Andrew Scott after what's been a period of restructure for the group.

The wellhead valve specialist has had to be patient while the oil and gas sector recovers from the slump in crude prices.

Plexus has fundamentally restructured its business with the sale of its jack-up rig business to a subsidiary of TechnipFMC.

A collaboration deal for new and existing products based on the POS-GRIP technology was part of the agreement.

Quick facts: Plexus Holdings Plc

Price: £0.30

Market: AIM
Market Cap: £30.08 m
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The need for Plexus Holdings' POS-GRIP technology 'becoming more critical'

Plexus Holdings PLC (LON:POS) Ben Van Bilderbeek tells Proactive London's Andrew Scott he's encouraged by an increasing level of incoming enquiries for its POS-GRIP-enabled products. This week the oilfield services group announced it's to pay out a £1mln interim dividend following the...

on 15/3/19

2 min read