REG - Hardide PLC - Exercise of Options

HardideAnnouncement

14/04/2020 17:00

RNS Number : 6370J
  
Hardide PLC
  
14 April 2020
  
 

 
14 April 2020
 
Hardide plc
("Hardide" or "the Group" or "the Company")
 
Exercise of Options
 
Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, announces that it has today issued and allotted 46,400 ordinary shares of 4p each in the capital of the Company ("Ordinary Shares") pursuant to the exercise of share options by certain employees of the Company.
 
Application has been made to the London Stock Exchange for the 46,400 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence on or around the 20 April 2020.
 
The Company advises that, following Admission, the Company's issued share capital will be 53,160,346 Ordinary Shares all with voting rights. The above figure of 53,160,346 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
 




Enquiries:


 




 
Hardide plc
Robert Goddard, Non-Executive Chairman
Philip Kirkham, CEO
Jackie Robinson, Communications Manager


 
 
Tel: +44 (0) 1869 353830




 
IFC Advisory
Graham Herring / Tim Metcalfe / Florence Chandler


 
Tel: +44 (0) 20 3934 6630




 
finnCap - Nominated Adviser and Joint Broker
Henrik Persson / Matthew Radley
 
Allenby Capital- Joint Broker
Jeremy Porter / James Hornigold


 
Tel: +44 (0) 20 7220 0500  
 
 
Tel: +44 (0) 20 3328 5656   




Notes to editors:
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 oil and gas exploration and production, valve and pump manufacturing, precision engineering and aerospace industries.
www.hardide.com


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