Grant of Executive Share Options

Hardide

10/02/2026 12:48

RNS Number : 4637S

Hardide PLC

10 February 2026

 

10 February 2026

Hardide plc

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

Grant of Executive Share Options

 

Hardide plc (AIM: HDD), the provider of advanced surface coating technology, announces the granting by the Company's Remuneration Committee of options over the ordinary shares in the Company ("Options") to executive directors (the "Executive Directors") in the quantities set out below, pursuant to the Company's EMI option scheme.

These Options have been granted in line with the Group's 2025 Remuneration Policy, the details of which are disclosed within the forthcoming annual report for the year-ended 30 September 2025, which will be made available to shareholders later this month.

Name
Position
Number of Options
Type of option
Conditions
Matt Hamblin
CEO
1,088,634
Performance shares
Financial performance and TSR
Simon Hallam
Finance Director
352,431
Performance shares
Financial performance and TSR
Yuri Zhuk
Technical Director
378,514
Performance shares
Financial performance and TSR

 

The Options have an exercise price of 21.97 pence per share, being the 5-VWAP for the 5 business days preceding this announcement.

The Options will only vest based on the achievement of certain financial performance targets, which will require the achievement of significant growth in both EBITDA and Total Shareholder Return ("TSR") in each of the three financial years ending 30 September 2028. Further details of the performance targets and to the extent to which these have been achieved will be disclosed retrospectively each year in the Group's annual report.

Following the grant of the Options, the resulting interests of the Executive Directors are summarised as follows:

Name
Ordinary Shares of 4p each
Total Options subsequent to these grants
Matt Hamblin
288,552
4,388,634
Simon Hallam
10,526
1,007,631
Yuri Zhuk
221,189
1,154,926

 

In aggregate 2,195,048 new Options have been granted, which includes 375,469 options granted to a member of the senior management team, representing 2.8% of the Company's issued ordinary share capital. Following the grant of Options, there are a total of 7,145,410 Options outstanding, representing approximately 9.1% of the current issued share capital of the Company.

​

Enquiries:

Hardide plc

Simon Hallam (Finance Director and Company Secretary)              Tel: +44 (0)1869 353830

Bryan Allcock (Senior Independent Director and Chair of the Remuneration Committee)

 

Cavendish Capital Markets Ltd - Broker and Nominated Adviser

Henrik Persson / Elysia Bough (Corporate Finance)                                     Tel: +44 (0) 2072 200 500

Jasper Berry / Dale Bellis (Sales)

 

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 as well as a reduced carbon footprint. Customers include leading companies operating in the energy sectors, valve and pump manufacturing, industrial gas turbine, precision engineering and aerospace industries.

 

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Matt Hamblin
2
Reason for the notification
a)
Position/status
CEO
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
213800HLAUIIFKMU5G89
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 the financial instrument, type of instrument
Identification code
Ordinary Shares of 4p each
GB00BJJPX768
b)
Nature of the transaction
Options granted under the EMI scheme 2016
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
21.97p
1,088,634
d)
Aggregated information
- Aggregated volume
- Price
Single transaction as in 4c) above
e)
Date of the transaction
10 February 2026
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Simon Hallam
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
213800HLAUIIFKMU5G89
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 the financial instrument, type of instrument
Identification code
Ordinary Shares of 4p each
GB00BJJPX768
b)
Nature of the transaction
Options granted under the EMI scheme 2016
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
21.97p
352,431
d)
Aggregated information
- Aggregated volume
- Price
Single transaction as in 4c) above
e)
Date of the transaction
10 February 2026
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Yuri Zhuk
2
Reason for the notification
a)
Position/status
Technical 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
213800HLAUIIFKMU5G89
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 the financial instrument, type of instrument
Identification code
Ordinary Shares of 4p each
GB00BJJPX768
b)
Nature of the transaction
Options granted under the EMI scheme 2016
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
21.97p
378,514
d)
Aggregated information
- Aggregated volume
- Price
Single transaction as in 4c) above
e)
Date of the transaction
10 February 2026
f)
Place of the transaction
Outside a trading venue

 

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