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HDD Hardide Plc

6.25
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hardide Plc LSE:HDD London Ordinary Share GB00BJJPX768 ORD 4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.25 6.00 6.50 6.25 6.25 6.25 94,496 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coat,engrave,allied Svc, Nec 5.5M -1.12M -0.0142 -4.40 4.9M

Hardide PLC Grant of Options (3433H)

16/08/2016 3:09pm

UK Regulatory


Hardide (LSE:HDD)
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TIDMHDD

RNS Number : 3433H

Hardide PLC

16 August 2016

 
 16 August 2016 
 

Hardide plc

("Hardide" or "the Group" or "the Company")

Grant of Options

Hardide (AIM: HDD), the provider of advanced surface coating technology, announces that in order to continue to incentivise them appropriately, it has today granted share options to its Chairman, Chief Executive Officer, Finance Director and Technical Director under its Share Option Plan (the "New Options"). The New Options are over a total of 36,000,000 new Ordinary shares with a nominal value of 0.1p each in the capital of the Company ("Ordinary Shares") and at an exercise price of 0.8p each, that being the price of the Subscription previously announced on 9(th) August 2016. The New Options have been granted as follows:

 
 Director                    New Options    Total number         Interest 
                               granted        of options        in existing 
                                              following       issued Ordinary 
                                              the grant           Shares 
                                            of New Options 
--------------------------  ------------  ----------------  ----------------- 
 Robert Goddard, Chairman     6,000,000      16,181,000         6,723,050 
--------------------------  ------------  ----------------  ----------------- 
 Philip Kirkham, Chief 
  Executive Officer*         20,000,000      40,000,000         2,004,717 
--------------------------  ------------  ----------------  ----------------- 
 Peter Davenport, 
  Finance Director*           3,500,000      12,351,000         4,376,667 
--------------------------  ------------  ----------------  ----------------- 
 Dr Yuri Zhuk, Technical 
  Director*                   6,500,000      18,351,000         6,281,132 
--------------------------  ------------  ----------------  ----------------- 
 

*Executive Director

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. In accordance with the scheme rules, the options must be exercised within ten years of being granted but will lapse if the vesting criteria are not met. For the avoidance of doubt these options will be granted only once and not in respect of each year in which the vesting criteria are met. In summary the vesting criteria are:

i) The Company is EBITDA positive in any one of the full financial years to 30th September of 2017, 2018 or 2019;

ii) The closing mid-market price of the Company's Ordinary Shares reaches 2.5p within twelve months of the relevant financial year end set out in point i) above; and

   iii)           Both of the criteria in i) and ii) above are met 

The New Options will also vest in full in the event of a change of control.

In aggregate, the New Options represent 2.57% of the existing Ordinary share capital of the Company and following the grant of the New Options, the Company has a total of 116,759,600 unexercised options pursuant to its Share Option Plan. This amounts to approximately 8.34% of the existing issued Ordinary share capital of the Company of 1,400,691,804 shares.

The information in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 
  For further information: 
  Hardide plc                        Tel: +44 (0) 1869 
   Philip Kirkham, CEO                353 830 
   Jackie Robinson, Communications 
   Manager 
 
   finnCap                             Tel: +44 (0)20 7220 
   Stuart Andrews / Grant              0500 
   Bergman / James Thompson 
 

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                             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                   Options over ordinary shares 
       the Financial                    of 0.1p each 
       instrument, type 
       of instrument 
--- 
      Identification                   GB00B069T034 
       code 
---  -------------------------------  ---------------------------------- 
 b)   Nature of the                    Grant of Options 
       transaction 
---  -------------------------------  ---------------------------------- 
 c)   Price(s) and                      Price(s)     Volume(s) 
       volume(s)                        -----------  ---------- 
                                         0.8 pence    6,000,000 
                                        -----------  ---------- 
---  -------------------------------  ---------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           6,000,000 options over ordinary 
                                         shares of 0.1 pence granted 
                                         at 0.8 pence per ordinary 
        *    Price                       share 
---  -------------------------------  ---------------------------------- 
 e)   Date of the transaction          16 August 2016 
---  -------------------------------  ---------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market 
---  -------------------------------  ---------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 5.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------------- 
 a)   Name                             Philip Kirkham 
---  -------------------------------  ----------------------------------- 
 6.   Reason for the Notification 
---  -------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
---  -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment   Initial Notification 
---  -------------------------------  ----------------------------------- 
 7.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------------- 
 a)   Name                             Hardide plc 
---  -------------------------------  ----------------------------------- 
 b)   LEI                              n/a 
---  -------------------------------  ----------------------------------- 
 8.   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                   Options over ordinary shares 
       the Financial                    of 0.1p each 
       instrument, type 
       of instrument 
--- 
      Identification                   GB00B069T034 
       code 
---  -------------------------------  ----------------------------------- 
 b)   Nature of the                    Grant of Options 
       transaction 
---  -------------------------------  ----------------------------------- 
 c)   Price(s) and                      Price(s)     Volume(s) 
       volume(s)                        -----------  ----------- 
                                         0.8 pence    20,000,000 
                                        -----------  ----------- 
---  -------------------------------  ----------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           20,000,000 options over ordinary 
                                         shares of 0.1 pence granted 
                                         at 0.8 pence per ordinary 
        *    Price                       share 
---  -------------------------------  ----------------------------------- 
 e)   Date of the transaction          16 August 2016 
---  -------------------------------  ----------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market 
---  -------------------------------  ----------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 9.    Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------- 
 a)    Name                             Peter Davenport 
----  -------------------------------  ---------------------------------- 
 10.   Reason for the Notification 
----  ------------------------------------------------------------------- 
 a)    Position/status                  Finance Director 
----  -------------------------------  ---------------------------------- 
 b)    Initial notification/Amendment   Initial Notification 
----  -------------------------------  ---------------------------------- 
 11.   Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------- 
 a)    Name                             Hardide plc 
----  -------------------------------  ---------------------------------- 
 b)    LEI                              n/a 
----  -------------------------------  ---------------------------------- 
 12.   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                   Options over ordinary shares 
        the Financial                    of 0.1p each 
        instrument, type 
        of instrument 
---- 
       Identification                   GB00B069T034 
        code 
----  -------------------------------  ---------------------------------- 
 b)    Nature of the                    Grant of Options 
        transaction 
----  -------------------------------  ---------------------------------- 
 c)    Price(s) and                      Price(s)     Volume(s) 
        volume(s)                        -----------  ---------- 
                                          0.8 pence    3,500,000 
                                         -----------  ---------- 
----  -------------------------------  ---------------------------------- 
 d)    Aggregated information: 
         *    Aggregated volume           3,500,000 options over ordinary 
                                          shares of 0.1 pence granted 
                                          at 0.8 pence per ordinary 
         *    Price                       share 
----  -------------------------------  ---------------------------------- 
 e)    Date of the transaction          16 August 2016 
----  -------------------------------  ---------------------------------- 
 f)    Place of the                     London Stock Exchange, AIM 
        transaction                      Market 
----  -------------------------------  ---------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 13.   Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------- 
 a)    Name                             Dr Yuri Zhuk 
----  -------------------------------  ---------------------------------- 
 14.   Reason for the Notification 
----  ------------------------------------------------------------------- 
 a)    Position/status                  Technical Director 
----  -------------------------------  ---------------------------------- 
 b)    Initial notification/Amendment   Initial Notification 
----  -------------------------------  ---------------------------------- 
 15.   Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------- 
 a)    Name                             Hardide plc 
----  -------------------------------  ---------------------------------- 
 b)    LEI                              n/a 
----  -------------------------------  ---------------------------------- 
 16.   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                   Options over ordinary shares 
        the Financial                    of 0.1p each 
        instrument, type 
        of instrument 
---- 
       Identification                   GB00B069T034 
        code 
----  -------------------------------  ---------------------------------- 
 b)    Nature of the                    Grant of Options 
        transaction 
----  -------------------------------  ---------------------------------- 
 c)    Price(s) and                      Price(s)     Volume(s) 
        volume(s)                        -----------  ---------- 
                                          0.8 pence    6,500,000 
                                         -----------  ---------- 
----  -------------------------------  ---------------------------------- 
 d)    Aggregated information: 
         *    Aggregated volume           6,500,000 options over ordinary 
                                          shares of 0.1 pence granted 
                                          at 0.8 pence per ordinary 
         *    Price                       share 
----  -------------------------------  ---------------------------------- 
 e)    Date of the transaction          16 August 2016 
----  -------------------------------  ---------------------------------- 
 f)    Place of the                     London Stock Exchange, AIM 
        transaction                      Market 
----  -------------------------------  ---------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHGMGMRDVNGVZM

(END) Dow Jones Newswires

August 16, 2016 10:09 ET (14:09 GMT)

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