Plexus Holdings PLC (AIM:POS) CEO Craig Hendrie talked with Proactive's Stephen Gunnion about the company's strategic growth and recent £3 million fund raise. Hendrie, who took on the CEO role in July 2024, explained how Plexus is expanding its wellhead rental business to capitalise on strong demand. The investment will double the company’s rental fleet from 8 to 16 systems, enhancing its ability to generate recurring revenue.
He highlighted the profitability of the rental model, with a return on investment in under a year, positioning Plexus for self-sustaining growth. Hendrie also discussed the company’s wider market opportunities beyond traditional oil and gas, including decommissioning, carbon capture, and hydrogen storage.
"The rental returns in this business are very strong. We can charge based on what the equipment does rather than its cost," he stated.
With government sentiment towards oil and gas fluctuating, Hendrie emphasized that Plexus has strategically positioned itself to thrive regardless of market conditions.
Apart from the successful £3 million fund raise, Hendrie noted that Plexus has also announced a Retail Offer. Existing retail shareholders should contact their broker or wealth manager to participate.
Intermediaries with questions about facilitating participation on behalf of retail shareholders should email BookBuild at support@bookbuild.live.
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