REG - PipeHawk PLC - Grant of Options

PipehawkAnnouncement

11/01/2023 07:00

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RNS Number : 3168M  PipeHawk PLC  11 January 2023

11 January 2023

PipeHawk plc

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

 

Grant of Options

 

The Company announces that on 10 January 2023, the Board approved the issue of
700,000 share options pursuant to the Group's share option schemes ("Options
Scheme"). 200,000 share options were granted to Tim Williams, Non-Executive
Director of the Group under the Unapproved Share Option Scheme and 500,000
share options were granted to Nick Field, Managing Director of QM Systems
Limited ("QM"), one of the Group's principal subsidiaries, under the EMI Share
Option Scheme.

 

The options have an exercise price of 14.25 pence, being the closing
mid-market price of an ordinary share on 10 January 2023. The options are
exercisable from 10 January 2026 to 10 January 2033, conditional upon the
share price of a PipeHawk ordinary share being in excess of 25p for a period
of 20 consecutive business days prior to exercise.

 

Following the issue of the above options, Mr Williams and Mr Field will be
interested in the following options:

 

 Name                Number of options  Exercise price  Date from

                                                        which

                                                        exercisable

 T Williams          200,000            25p             10 January 2026
 N Field             500,000            25p             10 January 2026

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                                                         Tim Williams
 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 1p each in PipeHawk Plc

       Identification code                                          ISIN: GB0003010609
 b)    Nature of the transaction                                    Grant of options
 c)    Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                    14.25p    200,000

 
 d)    Aggregated information:                                      N/A

       -  Aggregated volume

       -  Price
 e)    Date of the transaction                                      10 January 2023
 f)    Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

10 January 2023

f)

Place of the transaction

Outside a trading venue

 

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                         Nick Field
 2.    Reason for the Notification
 a)    Position/status                                              Managing Director of QM Systems Limited
 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)
                                                                    14.25p    500,000

 
 d)    Aggregated information:                                      N/A

       -  Aggregated volume

       -  Price
 e)    Date of the transaction                                      10 January 2023
 f)    Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

10 January 2023

f)

Place of the transaction

Outside a trading venue

 

-Ends-

 

Enquiries:

 

 PipeHawk plc                                Tel. No. 01252 338 959

 Gordon Watt (Chairman)

 Allenby Capital Limited (Nomad and Broker)  Tel. No. 020 3328 5656

David Worlidge/Vivek Bhardwaj

 

For further information on the Company and its subsidiaries, please visit:
www.pipehawk.com (http://www.pipehawk.com/)

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