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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 | 0.00 | 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 |
TIDMHDD
RNS Number : 4757X
Hardide PLC
21 February 2017
21 February 2017
Hardide plc
("Hardide" or "the Group" or "the Company")
Grant of Options
Hardide (AIM: HDD), the provider of advanced surface coating technology, announces that on 20 February 2017 it granted share options to Peter Davenport, Finance Director of the Company, under its Share Option Plan (the "New Options"). The New Options are over a total of 3,000,000 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 0.875p each.
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 0.2% of the existing Ordinary share capital of the Company and following the grant of the New Options, the Company has a total of 125,759,600 unexercised options pursuant to its Share Option Plan. This amounts to approximately 8.2% of the existing issued Ordinary share capital of the Company of 1,534,906,304 Ordinary 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 / Henrik 0500 Persson / 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 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 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) ------------- ---------- 0.875 pence 3,000,000 ------------- ---------- --- ------------------------------- ---------------------------------- d) Aggregated information: * Aggregated volume 3,000,000 options over ordinary shares of 0.1 pence granted at 0.875 pence per ordinary * Price share --- ------------------------------- ---------------------------------- e) Date of the transaction 20 February 2017 --- ------------------------------- ---------------------------------- 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
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(END) Dow Jones Newswires
February 21, 2017 11:45 ET (16:45 GMT)
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