TIDMHDD

RNS Number : 1216R

Hardide PLC

25 June 2020

25 June 2020

Hardide plc

("Hardide" or "the Group" or "the Company")

Exercise of Options

Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, announces that it has today issued and allotted 58,340 ordinary shares of 4p each in the capital of the Company ("Ordinary Shares") pursuant to the exercise of share options by certain employees of the Company.

Application has been made to the London Stock Exchange for the 58,340 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence on or around the 1 July 2020.

The Company advises that, following Admission, the Company's issued share capital will be 53,218,686 Ordinary Shares all with voting rights. The above figure of 53,218,686 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.

 
 Enquiries: 
 
   Hardide plc 
   Robert Goddard, Non-Executive Chairman           Tel: +44 (0) 1869 
   Philip Kirkham, CEO                              353830 
   Jackie Robinson, Communications Manager 
 
   IFC Advisory                                     Tel: +44 (0) 20 3934 
   Graham Herring / Tim Metcalfe / Florence         6630 
   Chandler 
 
   finnCap - Nominated Adviser and Joint Broker     Tel: +44 (0) 20 7220 
   Henrik Persson / Matthew Radley                  0500 
 
   Allenby Capital- Joint Broker 
   Jeremy Porter / Tony Quirke                      Tel: +44 (0) 20 3328 
                                                    5656

Notes to editors:

Hardide develops, manufactures and applies advanced technology tungsten carbide/tungsten metal matrix 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, precision engineering and aerospace industries.

www.hardide.com

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END

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