I think it would change the original angular velocity because whatever the piston is pushing on would then have a velocity in that vector in addition to the original velocity. With the decrease in volume, the interaction between gas molecules would increase and there should be a positive change in momentum and velocity in the direction of the piston movement.
It should come to equilibrium though once the "normal" force of the immovable bottom of the cylinder cancels out the piston's input, assuming the piston remains unmoved following the initial compression, and it is a fully closed system with no energy losses.
@ecotourist, the only thing I would argue about your thought and where our responses disagree is that your assuming the "plates" wouldn't interact with one another. Like you though, I'd like to hear why my thoughts on it are wrong.