Grant of Options

RNS Number : 0548X

Hardide PLC

16 December 2019

 

Hardide plc

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

Grant of Options

Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, announces that it has today granted a total of 1,873,798 of share options over new ordinary shares to members of senior management, including directors (the "New Options") as follows:

Director	Role	New Options issued	Consequent total holding of share options
Philip Kirkham	Chief Executive Officer	741,600	1,241,600
Yuri Zhuk	Technical Director	338,508	351,008
Peter Davenport	Finance Director	250,434	262,934
Robert Goddard	Chairman	150,000	237,500

The New Options vest subject to performance, share price and tenure conditions, and all have an exercise price of 62p. The New Options will, subject to the satisfaction of certain performance conditions, vest in full immediately once the Board has determined that such criteria have been met. The options will not vest if the criteria are not met.

In aggregate, the New Options represent 3.8% of the existing Ordinary Share capital of the Company. Following the grant of the New Options, the Company has a total of 3,100,638 unexercised options in issue which amounts to approximately 6.3% of the existing issued share capital of the Company of 49,145,692 Ordinary Shares. The New Options will also vest in full in the event of a change of control.

The information in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Philip Kirkham
2.	Reason for the Notification
a)	Position/status	Chief Executive Officer
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	n/a
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	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 62 pence 741,600
d)	Aggregated information: ·      Aggregated volume ·      Price	741,600 options over ordinary shares of 4 pence each, granted at 62 pence per ordinary share
e)	Date of the transaction	13 December 2019
f)	Place of the transaction	London Stock Exchange (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Yuri Zhuk
2.	Reason for the Notification
a)	Position/status	Technical 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	n/a
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	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 62 pence 338,508
d)	Aggregated information: ·      Aggregated volume ·      Price	338,508 options over ordinary shares of 4 pence each, granted at 62 pence per ordinary share
e)	Date of the transaction	13 December 2019
f)	Place of the transaction	London Stock Exchange (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
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	n/a
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	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 62 pence 250,434
d)	Aggregated information: ·      Aggregated volume ·      Price	250,434 options over ordinary shares of 4 pence each, granted at 62 pence per ordinary share
e)	Date of the transaction	13 December 2019
f)	Place of the transaction	London Stock Exchange (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Goddard
2.	Reason for the Notification
a)	Position/status	Chairman
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	n/a
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	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 62 pence 150,000
d)	Aggregated information: ·      Aggregated volume ·      Price	150,000 options over ordinary shares of 4 pence each, granted at 62 pence per ordinary share
e)	Date of the transaction	13 December 2019
f)	Place of the transaction	London Stock Exchange (XLON)

 

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