18 Nov 2016 10:16
PipeHawk Plc - Director/PDMR ShareholdingPipeHawk Plc - Director/PDMR Shareholding
PR Newswire
London, November 18
18 November 2016
PipeHawk plc
(“PipeHawk” or the “Company”)
Director/PDMR Shareholding
The Company announces that it has granted options over 200,000 Ordinary Shares at an exercise price of 3.875p per share to Soumitra (“Mithi”) Pathmaranie Padmanathan. These options are exercisable between three and ten years after grant provided Mithi Padmanathan continues to be a director of the Company and that the closing share price exceeds 10p per share on each day in the 30 days period prior to exercise.
Enquiries:
| PipeHawk Plc Gordon Watt (Chairman) | Tel. 01252 338 959 |
| Allenby Capital Limited (Nomad and Broker) David Worlidge/James Thomas | Tel: 020 3328 5656 |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Soumitra (“Mithi”) Pathmaranie Padmanathan | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director of the Company | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | PipeHawk 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 | Option over Ordinary Shares | ||||
| Identification code | ISIN for PipeHawk plc Ordinary Shares: GB0003010609 | |||||
| b) | Nature of the transaction | Grant of Option | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 17 November 2016 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
PipeHawk (PIP)