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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pipehawk Plc | LSE:PIP | London | Ordinary Share | GB0003010609 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.75 | 13.04% | 6.50 | 6.00 | 7.00 | 6.50 | 5.75 | 5.75 | 305,821 | 14:00:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
General Indl Mach & Eq, Nec | 6.47M | -2.48M | -0.0684 | -0.95 | 2.36M |
TIDMPIP
RNS Number : 6036Q
PipeHawk PLC
28 October 2021
28 October 2021
PipeHawk plc
("PipeHawk", "Company" or the "Group")
Grant of options
The Company announces that on 18 March 2021, the Board approved the issue of 1,590,000 share options as part of the Group's existing strategy on key employee remuneration ("Options Scheme"). As part of the Options Scheme allocation, 750,000 share options were granted to Gordon Watt, Executive Chairman, 300,000 share options granted to Soumitra Padmanathan , Group Finance Director & Secretary and 200,000 share options granted to Randal MacDonnell, Non-Executive Director. The remaining 340,000 share options were granted to employees of the Group.
The options have an exercise price of 8 pence. The options are exercisable from 18 March 2024 to 18 March 2031.
Following the issue of the above options, Mr Watt, Ms Padmanathan and Mr MacDonnell will be interested in the following options:
Director Number of options Exercise Date from price which exercisable G G Watt 750,000 8.0p 18 Mar 2024 S P Padmanathan 200,000 3.9p 15 Nov 2019 S P Padmanathan 300,000 8.0p 18 Mar 2024 R MacDonnell 200,000 8.0p 18 Mar 2024
In addition to the above, in consideration of loans made to the Company, Mr Watt has warrants over 3,703,703 ordinary shares at an exercise price of 13.5p per share and warrants over a further 6,000,000 ordinary shares at an exercise price of 3.0p per share.
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 Gordon G Watt -------------------------------- --------------------------------- 2. Reason for the Notification ------------------------------------------------------------------- a) Position/status Director - Chairman -------------------------------- --------------------------------- 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 213800CYT8OXEYWCNO29 -------------------------------- --------------------------------- 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 Grant of options over o rdinary the Financial shares of 0.1p instrument, type of instrument Identification ISIN: GB0003010609 code -------------------------------- --------------------------------- b) Nature of the Grant of options transaction -------------------------------- --------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Exercise price of 8 pence per share 750,000 ---------- -------------------------------- --------------------------------- d) Aggregated information: N/A * Aggregated volume * Price -------------------------------- --------------------------------- e) Date of the transaction 18 March 2021 -------------------------------- --------------------------------- f) Place of the transaction Outside a trading venue -------------------------------- --------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Soumitra P Padmanathan ------------------------------- ---------------------------------- 2. Reason for the Notification ------------------------------------------------------------------- a) Position/status Director - Group Finance Director & Secretary ------------------------------- ---------------------------------- 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 213800CYT8OXEYWCNO29 ------------------------------- ---------------------------------- 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 Grant of options over o rdinary the Financial shares of 0.1p instrument, type of instrument Identification ISIN: GB0003010609 code ------------------------------- ---------------------------------- b) Nature of the Grant of options transaction ------------------------------- ---------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Exercise price of 8 pence per share 300,000 ---------- ------------------------------- ---------------------------------- d) Aggregated information: N/A * Aggregated volume * Price ------------------------------- ---------------------------------- e) Date of the transaction 18 March 2021 ------------------------------- ---------------------------------- f) Place of the transaction Outside a trading venue ------------------------------- ---------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Randal MacDonnell -------------------------------- --------------------------------- 2. Reason for the Notification ------------------------------------------------------------------- a) Position/status Non-Executive Director -------------------------------- --------------------------------- 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 213800CYT8OXEYWCNO29 -------------------------------- --------------------------------- 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 Grant of options over o rdinary the Financial shares of 0.1p instrument, type of instrument Identification ISIN: GB0003010609 code -------------------------------- --------------------------------- b) Nature of the Grant of options transaction -------------------------------- --------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Exercise price of 8 pence per share 200,000 ---------- -------------------------------- --------------------------------- d) Aggregated information: N/A * Aggregated volume * Price -------------------------------- --------------------------------- e) Date of the transaction 18 March 2021 -------------------------------- --------------------------------- f) Place of the transaction Outside a trading venue -------------------------------- ---------------------------------
Enquiries:
PipeHawk Plc Tel. No. 01252 338 959 Gordon Watt (Chairman) Allenby Capital (Nomad and Broker) Tel. No. 020 3328 5656 David Worlidge/Vivek Bhardwaj
Notes to Editors
For further information on the Company and its subsidiaries, please visit: www.pipehawk.com
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October 28, 2021 07:03 ET (11:03 GMT)
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