Exercise of Options

RNS Number : 8986R

Hardide PLC

19 June 2018

 

Hardide plc

("Hardide" or the "Company")

Exercise of Options

Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, announces that it has today issued and allotted 10,383,000 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") pursuant to the exercise of share options by eight current and former employees of the Company.

Application has been made to the London Stock Exchange for the 10,383,000 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence on or around the 25 June 2018.

The Company advises that, following Admission, the Company's issued share capital will be 1,697,076,596 Ordinary Shares all with voting rights. The above figure of 1,697,076,596 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, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

ENDS

For further information:

Hardide plc Philip Kirkham, CEO Jackie Robinson, Communications Manager	Tel: [phone]
finnCap Limited Henrik Persson/James Thompson/Matthew Radley	Tel: [phone]

Notes to Editors:

www.hardide.com

Hardide develops, manufactures and applies advanced-technology coatings of tungsten-carbide to a wide range of engineering components.  Its patented technology is unique in combining, in one material, a mix of toughness and resistance to abrasion, erosion and corrosion; together with the ability to coat accurately interior surfaces and complex shapes.  The material has been proven to offer dramatic improvements in component life; particularly when applied to components in very aggressive environments.  This results in cost savings through reduced downtime and increased operational efficiency.  Customers include leading companies in oil and gas exploration and production, valve and pump manufacturing, precision engineering and aerospace industries. 

 

END

 

 

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