TIDMHDD
RNS Number : 3433H
Hardide PLC
16 August 2016
16 August 2016
Hardide plc
("Hardide" or "the Group" or "the Company")
Grant of Options
Hardide (AIM: HDD), the provider of advanced surface coating
technology, announces that in order to continue to incentivise them
appropriately, it has today granted share options to its Chairman,
Chief Executive Officer, Finance Director and Technical Director
under its Share Option Plan (the "New Options"). The New Options
are over a total of 36,000,000 new Ordinary shares with a nominal
value of 0.1p each in the capital of the Company ("Ordinary
Shares") and at an exercise price of 0.8p each, that being the
price of the Subscription previously announced on 9(th) August
2016. The New Options have been granted as follows:
Director New Options Total number Interest
granted of options in existing
following issued Ordinary
the grant Shares
of New Options
-------------------------- ------------ ---------------- -----------------
Robert Goddard, Chairman 6,000,000 16,181,000 6,723,050
-------------------------- ------------ ---------------- -----------------
Philip Kirkham, Chief
Executive Officer* 20,000,000 40,000,000 2,004,717
-------------------------- ------------ ---------------- -----------------
Peter Davenport,
Finance Director* 3,500,000 12,351,000 4,376,667
-------------------------- ------------ ---------------- -----------------
Dr Yuri Zhuk, Technical
Director* 6,500,000 18,351,000 6,281,132
-------------------------- ------------ ---------------- -----------------
*Executive Director
The New Options will, subject to the satisfaction of certain
performance conditions, vest in full immediately once the Board has
determined that such criteria have been met. In accordance with the
scheme rules, the options must be exercised within ten years of
being granted but will lapse if the vesting criteria are not met.
For the avoidance of doubt these options will be granted only once
and not in respect of each year in which the vesting criteria are
met. In summary the vesting criteria are:
i) The Company is EBITDA positive in any one of the full
financial years to 30th September of 2017, 2018 or 2019;
ii) The closing mid-market price of the Company's Ordinary
Shares reaches 2.5p within twelve months of the relevant financial
year end set out in point i) above; and
iii) Both of the criteria in i) and ii) above are met
The New Options will also vest in full in the event of a change
of control.
In aggregate, the New Options represent 2.57% of the existing
Ordinary share capital of the Company and following the grant of
the New Options, the Company has a total of 116,759,600 unexercised
options pursuant to its Share Option Plan. This amounts to
approximately 8.34% of the existing issued Ordinary share capital
of the Company of 1,400,691,804 shares.
The information in this announcement contains inside information
for the purposes of Article 7 of the Market Abuse Regulation (EU)
No. 596/2014.
For further information:
Hardide plc Tel: +44 (0) 1869
Philip Kirkham, CEO 353 830
Jackie Robinson, Communications
Manager
finnCap Tel: +44 (0)20 7220
Stuart Andrews / Grant 0500
Bergman / James Thompson
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 Robert Goddard
--- ------------------------------- ----------------------------------
2. Reason for the Notification
--- -------------------------------------------------------------------
a) Position/status Chairman
--- ------------------------------- ----------------------------------
b) Initial notification/Amendment Initial Notification
--- ------------------------------- ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------------
a) Name Hardide plc
--- ------------------------------- ----------------------------------
b) LEI n/a
--- ------------------------------- ----------------------------------
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 Options over ordinary shares
the Financial of 0.1p each
instrument, type
of instrument
---
Identification GB00B069T034
code
--- ------------------------------- ----------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- ----------
0.8 pence 6,000,000
----------- ----------
--- ------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume 6,000,000 options over ordinary
shares of 0.1 pence granted
at 0.8 pence per ordinary
* Price share
--- ------------------------------- ----------------------------------
e) Date of the transaction 16 August 2016
--- ------------------------------- ----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market
--- ------------------------------- ----------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
5. Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------------
a) Name Philip Kirkham
--- ------------------------------- -----------------------------------
6. Reason for the Notification
--- --------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------------- -----------------------------------
b) Initial notification/Amendment Initial Notification
--- ------------------------------- -----------------------------------
7. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------------
a) Name Hardide plc
--- ------------------------------- -----------------------------------
b) LEI n/a
--- ------------------------------- -----------------------------------
8. 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 Options over ordinary shares
the Financial of 0.1p each
instrument, type
of instrument
---
Identification GB00B069T034
code
--- ------------------------------- -----------------------------------
b) Nature of the Grant of Options
transaction
--- ------------------------------- -----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- -----------
0.8 pence 20,000,000
----------- -----------
--- ------------------------------- -----------------------------------
d) Aggregated information:
* Aggregated volume 20,000,000 options over ordinary
shares of 0.1 pence granted
at 0.8 pence per ordinary
* Price share
--- ------------------------------- -----------------------------------
e) Date of the transaction 16 August 2016
--- ------------------------------- -----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market
--- ------------------------------- -----------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
9. Details of the person discharging managerial
responsibilities / person closely associated
---- -------------------------------------------------------------------
a) Name Peter Davenport
---- ------------------------------- ----------------------------------
10. Reason for the Notification
---- -------------------------------------------------------------------
a) Position/status Finance Director
---- ------------------------------- ----------------------------------
b) Initial notification/Amendment Initial Notification
---- ------------------------------- ----------------------------------
11. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -------------------------------------------------------------------
a) Name Hardide plc
---- ------------------------------- ----------------------------------
b) LEI n/a
---- ------------------------------- ----------------------------------
12. 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 Options over ordinary shares
the Financial of 0.1p each
instrument, type
of instrument
----
Identification GB00B069T034
code
---- ------------------------------- ----------------------------------
b) Nature of the Grant of Options
transaction
---- ------------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- ----------
0.8 pence 3,500,000
----------- ----------
---- ------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume 3,500,000 options over ordinary
shares of 0.1 pence granted
at 0.8 pence per ordinary
* Price share
---- ------------------------------- ----------------------------------
e) Date of the transaction 16 August 2016
---- ------------------------------- ----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market
---- ------------------------------- ----------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
13. Details of the person discharging managerial
responsibilities / person closely associated
---- -------------------------------------------------------------------
a) Name Dr Yuri Zhuk
---- ------------------------------- ----------------------------------
14. Reason for the Notification
---- -------------------------------------------------------------------
a) Position/status Technical Director
---- ------------------------------- ----------------------------------
b) Initial notification/Amendment Initial Notification
---- ------------------------------- ----------------------------------
15. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -------------------------------------------------------------------
a) Name Hardide plc
---- ------------------------------- ----------------------------------
b) LEI n/a
---- ------------------------------- ----------------------------------
16. 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 Options over ordinary shares
the Financial of 0.1p each
instrument, type
of instrument
----
Identification GB00B069T034
code
---- ------------------------------- ----------------------------------
b) Nature of the Grant of Options
transaction
---- ------------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- ----------
0.8 pence 6,500,000
----------- ----------
---- ------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume 6,500,000 options over ordinary
shares of 0.1 pence granted
at 0.8 pence per ordinary
* Price share
---- ------------------------------- ----------------------------------
e) Date of the transaction 16 August 2016
---- ------------------------------- ----------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market
---- ------------------------------- ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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