The information contained within this
announcement is deemed by Hardide to constitute inside information
pursuant to Article 7 of EU Regulation 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 as amended.
3 December 2024
Hardide plc
("Hardide", "the
Group" or "the Company")
Appointment of Dr. Bryan Allcock as an Independent
Non-Executive Director
Hardide plc, the provider of advanced
surface treatment solutions, is pleased to announce the appointment
of Dr. Bryan Allcock to the Board today as an Independent
Non-Executive Director. Bryan will succeed Tim Rice as Hardide's
Senior Independent Director and Chair of the Remuneration Committee
with effect from 1 January 2025, as Tim will be stepping down from
the Board on 31 December 2024.
Bryan has career long experience
working in the advanced materials, surface engineering and coatings
industry.
He is currently CEO of his own
business, TRL9 Limited, which runs a portfolio of research,
development and deployment projects, including the use of high
entropy alloys. Bryan acts as a subject matter expert to the
Ministry of Defence and BAE Systems for the coating of flight decks
for Queen Elizabeth Class aircraft carriers and has collaborative
research contracts with Jaguar Land Rover, the Defence and Security
Accelerator (DASA) and the European Space Agency.
Bryan was formerly Global CEO for the
Services business of Castolin Eutectic Limited, part of the Messer
Group, where he ran an international £56m revenue business
delivering surface engineering and advanced coating solutions.
Bryan joined Castolin Eutectic having sold his own business,
Monitor Coatings, to them in 2013.
Bryan spent his earlier career as
Head of Technical Services at Flight Refuelling Limited, part of
Cobham plc, where he grew profits significantly through business
development of the coatings division, operational improvement and
efficiency initiatives.
Bryan holds an MBA, has a degree in
applied chemistry and materials, and holds a PhD in Corrosion
Engineering from Cranfield University. He is a fellow of the
Institute of Materials, Minerals and Mining and has been a
strategic advisor to the Institute.
Further information regarding Bryan
Allcock, as required by Schedule 2(g) of the AIM Rules for
Companies, is set out below.
Andrew Magson, Non-Executive Chair,
commented:
"We are delighted that Bryan is
joining the Hardide Board. He has a deep understanding of the
coatings and surface treatment sectors and a rare combination of
technical, business development, sales and marketing skills.
Together with an entrepreneurial mind-set, this means his knowledge
and experience is highly aligned with Hardide's strategy of better
commercialising the business and accelerating revenue
growth.
I'd also like to place on record the
Board's thanks to Tim Rice, who has provided wise counsel to all of
us during his six years of service as our Senior Independent
Director. Tim was instrumental to Hardide's success in developing
its business with the aerospace sector. We wish him well for the
future."
Dr. Bryan Allcock BSc (Hons) PhD,
MBA, FIMMM (Age 57)
Current Directorships:
TRL9 Limited
Solar Fluidics UK Limited
Burgham Park Residents Association
Limited
Zonne Limited
UVCR Limited
Past Directorships in the last 5
years:
None.
Bryan Allcock does not own any
ordinary shares or options over ordinary shares in the
Company.
There is no further information
on Bryan
Allcock required to be disclosed under Schedule Two, paragraph (g) of
the AIM Rules for Companies.
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For further
information:
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Hardide
plc
Andrew Magson (Non-Executive Chair)
Tim Rice (Senior Independent
Director)
Matt Hamblin (CEO)
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Tel: +44 (0) 1869 353
830
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Cavendish
Capital Markets Ltd - Nominated Adviser and
Broker
Henrik Persson/ Abigail Kelly / Elysia Bough
(Corporate Finance)
Jasper Berry / Dale Bellis (Sales)
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Tel: +44 (0) 2072 200
500
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Notes to
editors:
www.hardide.com
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 as well as a reduced carbon footprint. Customers include
leading companies operating in the energy sectors, valve and pump
manufacturing, industrial gas turbine, precision engineering and
aerospace industries.