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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% | 7.75 | 7.50 | 8.00 | 7.75 | 7.75 | 7.75 | 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 | -5.46 | 6.08M |
TIDMHDD
RNS Number : 9173D
Hardide PLC
24 October 2022
24 October 2022
Hardide plc
("Hardide", "the Group" or "the Company")
Directorate Changes
Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, is pleased to announce the appointment of Andrew Magson as Non-Executive Chair of the Group. He succeeds Robert Goddard who will continue as a Non-Executive Director for the remainder of the calendar year. This will enable the completion of the financial reporting for FY2022 and a smooth transition of responsibilities.
Andrew will take over Robert's roles as Chair of the Audit Committee, the Sustainability and Risk Committee and as a member of the Intellectual Property Committee.
Andrew has more than 15 years' experience serving on the boards of UK public companies in the engineering and industrial manufacturing sectors. He was Executive Director, CFO and Company Secretary of The Alumasc Group plc between 2006 and 2020. Before that, Andrew was Group Financial Controller at BPB plc, where he also worked internationally in M&A and operations. Andrew spent his earlier career at PwC in London where he qualified as a Chartered Accountant. He holds a Business degree from The University of Bath.
Andrew is currently a Non-Executive Director and Chair of the Audit Committee at AIM-listed Renold plc and is a Pension Trustee and Chair of the Pension Investment Committee at The Alumasc Group plc.
Philip Kirkham, CEO of Hardide plc said : "On behalf of the Board, I would like to thank Robert for the years of invaluable strategic leadership coupled with the personal effort and resources he has provided since joining the Group in 2008. As well as being an accomplished and compassionate Chair he has contributed significantly to the development of the business through his knowledge and experience as a chartered engineer. A tireless Chair, his commitment and guidance has been a cornerstone of the successful business that he leaves today. We wish him well in his future endeavours.
"The Board welcomes Andrew and looks forward to working with him as the business continues to expand across its key markets. As an experienced public company Director, Andrew brings a range of well-honed skills including strategic development, corporate governance, financial oversight, change management and M&A. He is also an experienced Chair of Audit Committees. Importantly, he is
well-respected and has good networks within City institutions, adding strength to the Board."
Enquiries: Hardide plc Andrew Magson, Non-Executive Chair Tel: +44 (0) 1869 353 Philip Kirkham, CEO 830 Jackie Heddle, Communications Manager IFC Advisory Tel: +44 (0) 20 3934 Graham Herring 6630 Tim Metcalfe Florence Chandler finnCap - Nominated Adviser and Joint Broker Tel: +44 (0) 2072 200 Henrik Persson/ Abigail Kelly (Corporate 500 Finance) Barney Hayward (ECM/Broking) Allenby Capital - Joint Broker Tel: +44 (0) 20 3328 Tony Quirke - Sales and Corporate Broking 5656 Jeremy Porter/ Freddie Wooding - Corporate Finance
Andrew Magson (56)
Current Directorships:
Renold plc
Andrew Magson - Past Directorships held in the last 5 years:
The Alumasc Group plc
Alumasc Building Products Limited
Levolux Limited
Alumasc Limited
Alumasc Precision Limited
Benjamin Priest Limited
Alumasc Interior Building Products Limited
Elkington Gatic Limited
Alumasc DD Limited
Roof Pro Limited
Doranda Limited
Wade International Limited
Wade International (UK) Limited
Wade Drainage Products Limited
Levolux A.T. Limited
Blackdown Horticultural Consultants Limited
Timloc Building Products Limited
The Green Building Products Company Limited
Sure-Foot Supports Limited
Andrew Magson does not own any ordinary shares or options over ordinary shares in the Company.
There is no further information on Andrew Magson required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.
Notes to editors:
www.hardide.com
Hardide develops, manufactures and applies advanced technology tungsten carbide/tungsten metal matrix 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 the energy sectors, valve and pump manufacturing, industrial engineering and aerospace industries.
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October 24, 2022 10:00 ET (14:00 GMT)
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