Exercise of Options and Director Shareholdings

RNS Number : 7220D

Hardide PLC

28 June 2019

 

Hardide plc

("Hardide" or "the Group" or "the Company")

Exercise of Options and Director Shareholdings

Hardide (AIM: HDD), the developer and provider of advanced surface coating technology, announced that it has today issued and allotted a total of 693,775 ordinary shares of 4 pence each in the capital of the Company ("Ordinary Shares") pursuant to the exercise of share options by certain employees and directors of the Company (the "Exercise").

Pursuant to the Exercise, the following Directors have exercised options over Ordinary Shares:

Director	Position	Current Shareholding	Exercised options	Shareholding following the Exercise	% of issued share capital following Admission
Peter Davenport	Finance Director	109,416	208,775	318,191	0.65
Yuri Zhuk	Technical Director	157,027	208,775	365,802	0.74
Robert Goddard	Chairman	202,782	167,025	369,807	0.75

Application has been made to the London Stock Exchange for the 693,775 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 1 July 2019.

The Company advises that, following Admission, the Company's issued share capital will be 49,145,692 Ordinary Shares all with voting rights. The above figure of 49,145,692 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 / Heather Armstrong / Florence Chandler	Tel: [phone]
finnCap Henrik Persson / Kate Bannatyne / Matthew Radley	Tel: [phone]

Notes to editors:

www.hardide.com

Hardide develops, manufactures and applies advanced technology tungsten-carbide 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.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

1	Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)	Name	Peter Davenport
2.	Reason for the Notification
a)	Position/status	Finance Director
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Hardide plc
b)	LEI	213800HLAUIIFKMU5G89
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Options over Ordinary Shares of 4 pence each
	Identification code	GB00BJJPX768
b)	Nature of the transaction	Exercise of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 18p 208,775
d)	Aggregated information: ·      Aggregated volume ·      Price	As in 4c above
e)	Date of the transaction	28 June 2019
f)	Place of the transaction	London Stock Exchange AIM market (XLON)

11. 1.	Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)	Name	Yuri Zhuk
2.	Reason for the Notification
a)	Position/status	Technical Director
b)	Initial notification/Amendment	Initial notification
2.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Hardide plc
b)	LEI	213800HLAUIIFKMU5G89
3.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Options over Ordinary Shares of 4 pence each
	Identification code	GB00BJJPX768
b)	Nature of the transaction	Exercise of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 18p 208,775
d)	Aggregated information: ·      Aggregated volume ·      Price	As in 4c above
e)	Date of the transaction	28 June 2019
f)	Place of the transaction	London Stock Exchange AIM market (XLON)

11. 1.	Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)	Name	Robert Goddard
2.	Reason for the Notification
a)	Position/status	Chairman
b)	Initial notification/Amendment	Initial notification
2.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Hardide plc
b)	LEI	213800HLAUIIFKMU5G89
3.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Options over Ordinary Shares of 4 pence each
	Identification code	GB00BJJPX768
b)	Nature of the transaction	Exercise of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 18p 167,025
d)	Aggregated information: ·      Aggregated volume ·      Price	As in 4c above
e)	Date of the transaction	28 June 2019
f)	Place of the transaction	London Stock Exchange AIM market (XLON)

 

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