PipeHawk PLC Grant of Options (3168M)

TIDMPIP

RNS Number : 3168M

PipeHawk PLC

11 January 2023

11 January 2023

PipeHawk plc

("PipeHawk", "Company" or the "Group")

Grant of Options

The Company announces that on 10 January 2023, the Board approved the issue of 700,000 share options pursuant to the Group's share option schemes ("Options Scheme"). 200,000 share options were granted to Tim Williams , Non-Executive Director of the Group under the Unapproved Share Option Scheme and 500,000 share options were granted to Nick Field, Managing Director of QM Systems Limited ("QM"), one of the Group's principal subsidiaries, under the EMI Share Option Scheme .

The options have an exercise price of 14.25 pence, being the closing mid-market price of an ordinary share on 10 January 2023. The options are exercisable from 10 January 2026 to 10 January 2033, conditional upon the share price of a PipeHawk ordinary share being in excess of 25p for a period of 20 consecutive business days prior to exercise.

Following the issue of the above options, Mr Williams and Mr Field will be interested in the following options:

 
 
 Name                    Number of   Exercise price           Date from 
                           options                                which 
                                                            exercisable 
 
 T Williams                200,000              25p     10 January 2026 
 N Field                   500,000              25p     10 January 2026 
 
 
 

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                             Tim Williams 
     -------------------------------  ----------------------------------- 
 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 1p each in PipeHawk Plc 
       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) 
                                         14.25p     200,000 
                                                   ---------- 
     -------------------------------  ----------------------------------- 
 d)   Aggregated information:          N/A 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------------  ----------------------------------- 
 e)   Date of the transaction          10 January 2023 
     -------------------------------  ----------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ----------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Nick Field 
     --------------------------------  --------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------- 
 a)   Position/status                   Managing Director of QM Systems 
                                         Limited 
     --------------------------------  --------------------------------- 
 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) 
                                          14.25p     500,000 
                                                    ---------- 
     --------------------------------  --------------------------------- 
 d)   Aggregated information:           N/A 
        *    Aggregated volume 
 
 
        *    Price 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           10 January 2023 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  --------------------------------- 
 

-Ends-

Enquiries:

 
PipeHawk plc                                Tel. No. 01252 
 Gordon Watt (Chairman)                      338 959 
Allenby Capital Limited (Nomad and Broker)  Tel. No. 020 3328 
                                             5656 
 

David Worlidge/Vivek Bhardwaj

For further information on the Company and its subsidiaries, please visit: www.pipehawk.com

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END

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January 11, 2023 02:00 ET (07:00 GMT)