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: +44 (0) 1869 353 830

IFC Advisory

Graham Herring / Heather Armstrong / Florence Chandler

Tel: +44 (0) 2039 346 630

finnCap

Henrik Persson / Kate Bannatyne / Matthew Radley

Tel: +44 (0) 2072 200 500

 

 

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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