REG - Hardide PLC - Directorate Changes

HardideAnnouncement

24/10/2022 15:00

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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 353 830

 Philip Kirkham, CEO

 Jackie Heddle, Communications Manager
 IFC Advisory                                         Tel: +44 (0) 20 3934 6630

 Graham Herring

 Tim Metcalfe

 Florence Chandler
 finnCap - Nominated Adviser and Joint Broker         Tel: +44 (0) 2072 200 500

 Henrik Persson/ Abigail Kelly (Corporate Finance)

 Barney Hayward (ECM/Broking)

 Allenby Capital - Joint Broker                       Tel: +44 (0) 20 3328 5656

 Tony Quirke - Sales and Corporate Broking

 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 (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. Customers include leading companies
operating in the energy sectors, valve and pump manufacturing, industrial
engineering and aerospace industries.

 

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