TIDMHDD

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                 Exercised     Shareholding      % of issued 
                                                Shareholding             options       following         share capital 
                                                                                       the Exercise      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           Tel: +44 (0) 1869 353 
 Philip Kirkham, CEO                                                830 
 Jackie Robinson, Communications Manager 
IFC Advisory                                      Tel: +44 (0) 2039 346 
 Graham Herring / Heather Armstrong / Florence                      630 
 Chandler 
finnCap                                           Tel: +44 (0) 2072 200 
 Henrik Persson / Kate Bannatyne / Matthew                          500 
 Radley 
 

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               Options over Ordinary Shares of 4 
               Financial instrument,            pence each 
               type of instrument 
              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 
                                                 As in 4c above 
                    -- Price 
             -------------------------------  ---------------------------------- 
 e)           Date of the transaction          28 June 2019 
             -------------------------------  ---------------------------------- 
 f)           Place of the transaction         London Stock Exchange AIM market 
                                                (XLON) 
             -------------------------------  ---------------------------------- 
 
 
         11.   Details of the person discharging managerial responsibilities 
          1.    ("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               Options over Ordinary Shares of 4 
                Financial instrument,            pence each 
                type of instrument 
               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 
                                                  As in 4c above 
                     -- Price 
              -------------------------------  ---------------------------------- 
 e)            Date of the transaction          28 June 2019 
              -------------------------------  ---------------------------------- 
 f)            Place of the transaction         London Stock Exchange AIM market 
                                                 (XLON) 
              -------------------------------  ---------------------------------- 
 
 
         11.   Details of the person discharging managerial responsibilities 
          1.    ("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               Options over Ordinary Shares of 4 
                Financial instrument,            pence each 
                type of instrument 
               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 
                                                  As in 4c above 
                     -- Price 
              -------------------------------  ---------------------------------- 
 e)            Date of the transaction          28 June 2019 
              -------------------------------  ---------------------------------- 
 f)            Place of the transaction         London Stock Exchange AIM market 
                                                 (XLON) 
              -------------------------------  ---------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 28, 2019 02:01 ET (06:01 GMT)

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