TIDMHDD
RNS Number : 9588Y
Hardide PLC
09 September 2022
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED
STATES OF AMERICA, CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF
SOUTH AFRICA OR JAPAN OR IN OR INTO ANY OTHER JURISDICTION WHERE TO
DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY
SECURITIES IN THE COMPANY OR CONTAIN ANY INVITATION, SOLICITATION,
RECOMMATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR,
OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF HARDIDE PLC IN
ANY JURISDICTION.
UNLESS OTHERWISE INDICATED, CAPITALISED TERMS USED IN THIS
ANNOUNCEMENT HAVE THE MEANINGS GIVEN TO THEM IN THE COMPANY'S
ANNOUNCEMENT OF 7:00 AM ON 9 SEPTEMBER 2022.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN
ARTICLE 11 OF THE MARKET ABUSE (AMMENT) (EU EXIT) REGULATIONS (SI
2019/310).
UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Hardide plc
("Hardide" or "the Company")
Result of Fundraising
Hardide plc (AIM: HDD), the developer and provider of advanced
surface coating technology, is pleased to announce that, further to
the announcement made at 7.00 a.m. this morning (the "Fundraising
Announcement"), it has successfully completed the Fundraising which
is now closed.
The Company has raised total gross proceeds of GBP0.55 million
through the Fundraising which comprises the issue of 1,842,105
Placing Shares and 1,052,630 Subscription Shares, in each case at
the Issue Price of 19 pence per new Ordinary Share, being the
closing mid-market price of an Ordinary Share on 8 September 2022
(being the last business day prior to the Fundraising
Announcement).
finnCap and Allenby acted as Joint Bookrunners in relation to
the Placing.
Directors' participation in the Fundraising
A number of the Company's directors have agreed to subscribe for
new Ordinary Shares at the Issue Price (the "Participating
Directors"). The number of Subscription Shares subscribed for by
each of the Participating Directors pursuant to the Fundraising,
and their resulting shareholdings on Admission, are set out
below:
As at the date of this announcement Immediately following
Admission
Percentage No. of No. of Percentage
No. of existing of existing new Ordinary Ordinary of enlarged
Ordinary Shares Ordinary Share Shares subscribed Shares held Ordinary
capital for following Share capital
Admission
----------------- ---------------- ------------------- ------------- ---------------
Andrew Boyce
(NED) 6,988,231 12.51% 842,105* 7,830,336* 13.29%
----------------- ---------------- ------------------- ------------- ---------------
Robert Goddard
(Chairman) 471,532 0.84% 110,526 582,058 0.99%
----------------- ---------------- ------------------- ------------- ---------------
Philip Kirkham
(CEO) 117,672 0.21% 65,789 183,461 0.31%
----------------- ---------------- ------------------- ------------- ---------------
Yuri Zhuk (Technical
Director) 166,736 0.30% 23,684 190,420 0.32%
----------------- ---------------- ------------------- ------------- ---------------
Simon Hallam
(FD) - - 10,526 10,526 0.02%
----------------- ---------------- ------------------- ------------- ---------------
* the holding of and subscription by Andrew Boyce includes that
of his father and associated entities
The FCA notification in relation to the Participating Director
transactions set out above made in accordance with the requirements
of MAR is appended below.
Related Party Transactions
The Participating Directors' participations in the Fundraising,
as set out above, constitute related party transactions pursuant to
Rule 13 of the AIM Rules. Tim Rice, a non-executive director of the
Company, is not participating in the Fundraising and therefore, as
the independent director in respect of the Fundraising, he
considers, having consulted with the Company's nominated adviser,
finnCap, that the terms upon which the Participating Directors are
subscribing in the Fundraising are fair and reasonable insofar as
the Company's shareholders are concerned.
Canaccord Genuity Group Inc ("Canaccord") has agreed to
subscribe, in aggregate, for 368,421 Placing Shares. Canaccord is a
related party of the Company for the purposes of the AIM Rules by
virtue of its status (together with associates) as a substantial
shareholder (as defined by the AIM Rules) in the Company. Tim Rice,
as the independent director in respect of the Fundraising,
considers, having consulted with the Company's nominated adviser,
finnCap, that the terms upon which Canaccord has participated in
the Placing are fair and reasonable insofar as the Company's
shareholders are concerned.
Admission and Total Voting Rights
Application has been made to London Stock Exchange plc for
admission ("Admission") of the 3,026,316 new Ordinary Shares to be
issued pursuant to the Fundraising (including in respect of the
satisfaction of certain associated fees) to trading on AIM. It is
expected that these Ordinary Shares will be admitted to trading on
AIM at 8.00 a.m. on 15 September 2022 (or such later date as may be
agreed between the Company, finnCap and Allenby, but no later than
8.00 a.m. on 10 October 2022).
Following Admission, the total number of Ordinary Shares will be
58,901,959. This figure 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 Guidance and
Transparency Rules.
Enquiries:
Hardide plc
Philip Kirkham, CEO
Jackie Heddle, Communications Manager Tel: +44 (0) 1869
353830
IFC Advisory Tel: +44 (0) 20 3934
Graham Herring / Tim Metcalfe / Florence 6630
Chandler
finnCap - Nominated Adviser and Joint Tel: +44 (0) 20 7220
Broker 0500
Henrik Persson / Abigail Kelly (corporate
finance)
Richard Chambers (ECM)
Tel: +44 (0) 20 3328
Allenby Capital - Joint Broker 5656
Tony Quirke (Sales & Corporate Broking)
Jeremy Porter / Freddie Wooding (Corporate
Finance)
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Boyce (and Peoples Closely
Associated)
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Non-Executive 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 Ordinary Shares of 4 pence each
Financial instrument,
type of instrument
Identification code GB00BJJPX768
------------------------------- ----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
19p 842,105
----------
------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume See 4c) above
* Price
------------------------------- ----------------------------------
e) Date of the transaction 09 September 2022
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(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 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 Ordinary Shares of 4 pence each
Financial instrument,
type of instrument
Identification code GB00BJJPX768
------------------------------- ----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
19p 110,526
----------
------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume See 4c) above
* Price
------------------------------- ----------------------------------
e) Date of the transaction 9 September 2022
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
--- ------------------------------- ----------------------------------
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 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 Ordinary Shares of 4 pence each
Financial instrument,
type of instrument
Identification code GB00BJJPX768
------------------------------- ----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
19p 65,789
----------
------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume See 4c) above
* Price
------------------------------- ----------------------------------
e) Date of the transaction 9 September 2022
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(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 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 Ordinary Shares of 4 pence each
Financial instrument,
type of instrument
Identification code GB00BJJPX768
------------------------------- ----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
19p 26,684
----------
------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume See 4c) above
* Price
------------------------------- ----------------------------------
e) Date of the transaction 9 September 2022
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Simon Hallam
------------------------------- ----------------------------------
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 Ordinary Shares of 4 pence each
Financial instrument,
type of instrument
Identification code GB00BJJPX768
------------------------------- ----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
19p 10,526
----------
------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume See 4c) above
* Price
------------------------------- ----------------------------------
e) Date of the transaction 9 September 2020
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ----------------------------------
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END
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(END) Dow Jones Newswires
September 09, 2022 06:45 ET (10:45 GMT)
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