REG - PipeHawk PLC - PDMR Shareholding

PipehawkAnnouncement

19/01/2022 07:05

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RNS Number : 8749Y  PipeHawk PLC  19 January 2022

19 January 2022

 

PipeHawk plc

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

 

PDMR Shareholding

 

 

The Company announces that on 18 January 2022, Nick Field, Managing Director
of QM Systems Limited ("QM"), one of the Group's principal subsidiaries,
exercised options over 500,000 ordinary shares of 1 pence each ("Ordinary
Shares") at an exercise price of 3.75 pence per Ordinary Share. Following the
exercise of options, Nick Field has a total beneficial interest in 500,000
Ordinary Shares, equivalent to 1.38 per cent. of the Company's enlarged issued
share capital.

 

 Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the admission to
trading on AIM ("Admission") of the 500,000 new Ordinary Shares. The new
Ordinary Shares rank pari passu in all respects with the Company's existing
Ordinary Shares and Admission is expected to become effective on 25 January
2022.

On Admission, the issued share capital of the Company will consist
of 36,312,823 Ordinary Shares, with one voting right per share. The Company
does not hold any Ordinary Shares in treasury. Therefore, the total number of
Ordinary Shares and voting rights in the Company will be 36,312,823. This
figure may be used by shareholders in the Company 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 share capital of the
Company under the FCA's Disclosure Guidance and Transparency Rules.

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                                                         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  Exercise of options over ordinary shares of 1p

       Identification code                                          ISIN: GB0003010609
 b)    Nature of the transaction                                    Exercise of options
 c)    Price(s) and volume(s)                                       Price(s)                                Volume(s)
                                                                    Exercise price of 3.75 pence per share  500,000

 
 d)    Aggregated information:                                      N/A

       -  Aggregated volume

       -  Price
 e)    Date of the transaction                                      18 January 2022
 f)    Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

18 January 2022

f)

Place of the transaction

Outside a trading venue

 

Enquiries:

 

 PipeHawk Plc                        Tel. No. 01252 338 959
 Gordon Watt (Chairman)
 Allenby Capital (Nomad and Broker)  Tel. No. 020 3328 5656

David Worlidge/Vivek Bhardwaj

 

Notes to Editors

 

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

 

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