Last checked at 13 Jul 2017 15:08
13th July 2017
Hardide plc
("Hardide" or "the Company")
Exercise of Options
Hardide plc (AIM: HDD), the provider of surface coating technology announces that it has applied for the admission to trading on AIM of a total of 52,000 new ordinary shares of 0.1p each ("Ordinary Shares") which have been issued pursuant to an exercise (the "Exercise") of options over Ordinary Shares by an employee of the Company. The options have an exercise price of 0.45 pence.
Accordingly, the Company has applied for the 52,000 Ordinary Shares to be admitted to trading on AIM. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and admission is expected to become effective on 19 July 2017.
The Company advises that, following the issue of the new Ordinary Shares pursuant to the Exercise, the Company's issued share capital will be 1,534,958,304 Ordinary Shares all with voting rights.
The above figure of 1,534,958,304 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.
ENDS
For further information:
Hardide plc |
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Philip Kirkham, CEO Jackie Robinson, Communications Manager | Tel: +44 (0) 1869 353 830
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finnCap Stuart Andrews / Grant Bergman |
Tel: +44 (0)20 7220 0500
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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, nuclear, advanced engineering and aerospace industries.