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16 Dec 2019 17:22
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) |
| ||||
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) |
| ||||
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) |
| ||||
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) |
| ||||
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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