REG - Hardide PLC - Board Changes

HardideAnnouncement

03/12/2024 07:00

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RNS Number : 5000O  Hardide PLC  03 December 2024

The information contained within this announcement is deemed by Hardide to
constitute inside information pursuant to Article 7 of EU Regulation 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended.

 

3 December 2024

 

Hardide plc

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

 

Appointment of Dr. Bryan Allcock as an Independent Non-Executive Director

 

Hardide plc, the provider of advanced surface treatment solutions, is pleased
to announce the appointment of Dr. Bryan Allcock to the Board today as an
Independent Non-Executive Director. Bryan will succeed Tim Rice as Hardide's
Senior Independent Director and Chair of the Remuneration Committee with
effect from 1 January 2025, as Tim will be stepping down from the Board on 31
December 2024.

 

Bryan has career long experience working in the advanced materials, surface
engineering and coatings industry.

 

He is currently CEO of his own business, TRL9 Limited, which runs a portfolio
of research, development and deployment projects, including the use of high
entropy alloys. Bryan acts as a subject matter expert to the Ministry of
Defence and BAE Systems for the coating of flight decks for Queen Elizabeth
Class aircraft carriers and has collaborative research contracts with Jaguar
Land Rover, the Defence and Security Accelerator (DASA) and the European Space
Agency.

 

Bryan was formerly Global CEO for the Services business of Castolin Eutectic
Limited, part of the Messer Group, where he ran an international £56m revenue
business delivering surface engineering and advanced coating solutions. Bryan
joined Castolin Eutectic having sold his own business, Monitor Coatings, to
them in 2013.

 

Bryan spent his earlier career as Head of Technical Services at Flight
Refuelling Limited, part of Cobham plc, where he grew profits significantly
through business development of the coatings division, operational improvement
and efficiency initiatives.

 

Bryan holds an MBA, has a degree in applied chemistry and materials, and holds
a PhD in Corrosion Engineering from Cranfield University. He is a fellow of
the Institute of Materials, Minerals and Mining and has been a strategic
advisor to the Institute.

 

Further information regarding Bryan Allcock, as required by Schedule 2(g) of
the AIM Rules for Companies, is set out below.

 

Andrew Magson, Non-Executive Chair, commented:

 

"We are delighted that Bryan is joining the Hardide Board. He has a deep
understanding of the coatings and surface treatment sectors and a rare
combination of technical, business development, sales and marketing skills.
Together with an entrepreneurial mind-set, this means his knowledge and
experience is highly aligned with Hardide's strategy of better commercialising
the business and accelerating revenue growth.

 

I'd also like to place on record the Board's thanks to Tim Rice, who has
provided wise counsel to all of us during his six years of service as our
Senior Independent Director. Tim was instrumental to Hardide's success in
developing its business with the aerospace sector. We wish him well for the
future."

 

 

Dr. Bryan Allcock BSc (Hons) PhD, MBA, FIMMM (Age 57)

 

Current Directorships:

 

TRL9 Limited

Solar Fluidics UK Limited

Burgham Park Residents Association Limited

Zonne Limited

UVCR Limited

 

Past Directorships in the last 5 years:

 

None.

 

Bryan Allcock does not own any ordinary shares or options over ordinary shares
in the Company.

 

There is no further information on Bryan Allcock required to be disclosed
under Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

 

 For further information:
 Hardide plc

 Andrew Magson (Non-Executive Chair)                                Tel: +44 (0) 1869 353 830

 Tim Rice (Senior Independent Director)

 Matt Hamblin (CEO)

 Cavendish Capital Markets Ltd - Nominated Adviser and Broker

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

 Jasper Berry / Dale Bellis (Sales)

Notes to editors:

www.hardide.com (http://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.

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