Hardide PLC Exercise of Options (0313L)
14 July 2017 - 12:08AM
UK Regulatory
TIDMHDD
RNS Number : 0313L
Hardide PLC
13 July 2017
13(th) July 2017
Hardide plc
("Hardide" or "the Company")
Exercise of Options
Hardide plc (AIM: HDD), the provider of surface coating
technology announces that it has applied for the admission to
trading on AIM of a total of 52,000 new ordinary shares of 0.1p
each ("Ordinary Shares") which have been issued pursuant to an
exercise (the "Exercise") of options over Ordinary Shares by an
employee of the Company. The options have an exercise price of 0.45
pence.
Accordingly, the Company has applied for the 52,000 Ordinary
Shares to be admitted to trading on AIM. The new Ordinary Shares
will rank pari passu with the Company's existing Ordinary Shares
and admission is expected to become effective on 19 July 2017.
The Company advises that, following the issue of the new
Ordinary Shares pursuant to the Exercise, the Company's issued
share capital will be 1,534,958,304 Ordinary Shares all with voting
rights.
The above figure of 1,534,958,304 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.
ENDS
For further information:
Hardide plc
Philip Kirkham, CEO Tel: +44 (0) 1869 353
Jackie Robinson, Communications 830
Manager
finnCap
Stuart Andrews / Grant Tel: +44 (0)20 7220
Bergman 0500
Notes to editors:
www.hardide.com
Hardide develops, manufactures and applies advanced technology
tungsten-carbide 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, nuclear, advanced engineering and aerospace
industries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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