Capital Reduction Approved

Hardide PLC

12 August 2026

 

12 August 2026

Hardide plc

("Hardide" or "the Company")

Capital Reduction Approved

Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, announces that the reduction of capital approved by shareholders at the General Meeting of the Company held on 21 July 2026 (the “Capital Reduction”) has been approved by the High Court of Justice of England and Wales (the “Court”).  

The Court order approving the Capital Reduction and a statement of capital approved by the Court have each been registered with the Registrar of Companies and accordingly, the Capital Reduction has now become effective.

For further information:
Hardide plc Matt Hamblin (CEO) Simon Hallam (Finance Director)	Tel: [phone]
Cavendish Capital Markets Ltd - Nominated Adviser and Broker Henrik Persson / Elysia Bough (Corporate Finance) Jasper Berry / Dale Bellis (Sales)	Tel: [phone]
IFC Advisory Graham Herring Tim Metcalfe	Tel: [phone]

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.

 

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