Exercise of Options

RNS Number : 6370J

Hardide PLC

14 April 2020

 

14 April 2020

Hardide plc

("Hardide" or "the Group" 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 46,400 ordinary shares of 4p each in the capital of the Company ("Ordinary Shares") pursuant to the exercise of share options by certain employees of the Company.

Application has been made to the London Stock Exchange for the 46,400 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 20 April 2020.

The Company advises that, following Admission, the Company's issued share capital will be 53,160,346 Ordinary Shares all with voting rights. The above figure of 53,160,346 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.

Enquiries:
Hardide plc Robert Goddard, Non-Executive Chairman Philip Kirkham, CEO Jackie Robinson, Communications Manager	Tel: [phone]
IFC Advisory Graham Herring / Tim Metcalfe / Florence Chandler	Tel: [phone]
finnCap - Nominated Adviser and Joint Broker Henrik Persson / Matthew Radley Allenby Capital- Joint Broker Jeremy Porter / James Hornigold	Tel: [phone]  Tel: [phone]

Notes to editors:

Hardide develops, manufactures and applies advanced technology tungsten carbide/tungsten metal matrix coatings 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 geometries. The material is proven to offer dramatic improvements in component life, particularly when applied to components that operate in very aggressive environments. This results in cost savings through reduced downtime and increased operational efficiency. Customers include leading companies operating in oil and gas exploration and production, valve and pump manufacturing, precision engineering and aerospace industries.

www.hardide.com

 

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