REG - PipeHawk PLC - Grant of Options

PipehawkAnnouncement

28/10/2021 12:05

RNS Number : 6036Q
  
PipeHawk PLC
  
28 October 2021
  
 

 
28 October 2021
 
PipeHawk plc
("PipeHawk", "Company" or the "Group")
 
Grant of options
 
 
The Company announces that on 18 March 2021, the Board approved the issue of 1,590,000 share options as part of the Group's existing strategy on key employee remuneration ("Options Scheme"). As part of the Options Scheme allocation, 750,000 share options were granted to Gordon Watt, Executive Chairman, 300,000 share options granted to Soumitra Padmanathan, Group Finance Director & Secretary and 200,000 share options granted to Randal MacDonnell, Non-Executive Director. The remaining 340,000 share options were granted to employees of the Group.
 
The options have an exercise price of 8 pence. The options are exercisable from 18 March 2024 to 18 March 2031.
 
Following the issue of the above options, Mr Watt, Ms Padmanathan and Mr MacDonnell will be interested in the following options:
 





























Director










Number of options


Exercise price


Date from 
which 
exercisable






























G G Watt










750,000


8.0p


18 Mar 2024




S P Padmanathan










200,000


3.9p


15 Nov 2019




S P Padmanathan










300,000


8.0p


18 Mar 2024




R MacDonnell










200,000


8.0p


18 Mar 2024





























In addition to the above, in consideration of loans made to the Company, Mr Watt has warrants over 3,703,703 ordinary shares at an exercise price of 13.5p per share and warrants over a further 6,000,000 ordinary shares at an exercise price of 3.0p per share.
 
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


Gordon G Watt




2. 


Reason for the Notification




a)


Position/status


Director - Chairman




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 the Financial instrument, type of instrument


Grant of options over ordinary shares of 0.1p
 




Identification code


ISIN: GB0003010609




b)


Nature of the transaction


Grant of options




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Exercise price of 8 pence per share


750,000



 




d)


Aggregated information:
-  Aggregated volume
-  Price


N/A




e)


Date of the transaction


18 March 2021




f)


Place of the transaction


Outside a trading venue



 



1. 


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Soumitra P Padmanathan




2. 


Reason for the Notification




a)


Position/status


Director - Group Finance Director & Secretary




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 the Financial instrument, type of instrument


Grant of options over ordinary shares of 0.1p
 




Identification code


ISIN: GB0003010609




b)


Nature of the transaction


Grant of options




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Exercise price of 8 pence per share


300,000



 




d)


Aggregated information:
-  Aggregated volume
-  Price


N/A




e)


Date of the transaction


18 March 2021




f)


Place of the transaction


Outside a trading venue



 



1. 


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Randal MacDonnell




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 the Financial instrument, type of instrument


Grant of options over ordinary shares of 0.1p
 




Identification code


ISIN: GB0003010609




b)


Nature of the transaction


Grant of options




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Exercise price of 8 pence per share


200,000



 




d)


Aggregated information:
-  Aggregated volume
-  Price


N/A




e)


Date of the transaction


18 March 2021




f)


Place of the transaction


Outside a trading venue



 
Enquiries:
 



PipeHawk Plc
Gordon Watt (Chairman)


Tel. No. 01252 338 959




Allenby Capital (Nomad and Broker)

David Worlidge/Vivek Bhardwaj


Tel. No. 020 3328 5656



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

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