PipeHawk Plc Director/PDMR Shareholding
18 November 2016 - 9:16PM
UK Regulatory
TIDMPIP
18 November 2016
PipeHawk plc
("PipeHawk" or the "Company")
Director/PDMR Shareholding
The Company announces that it has granted options over 200,000 Ordinary Shares
at an exercise price of 3.875p per share to Soumitra ("Mithi") Pathmaranie
Padmanathan. These options are exercisable between three and ten years after
grant provided Mithi Padmanathan continues to be a director of the Company and
that the closing share price exceeds 10p per share on each day in the 30 days
period prior to exercise.
Enquiries:
PipeHawk Plc Tel. 01252 338 959
Gordon Watt (Chairman)
Allenby Capital Limited (Nomad and Tel: 020 3328 5656
Broker)
David Worlidge/James Thomas
This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No 596/2014. The information set out below is
provided in accordance with the requirements of Article 19(3) of that
Regulation.
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Soumitra ("Mithi") Pathmaranie
Padmanathan
2 Reason for the notification
a) Position/status Director of the Company
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 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 the financial Option over Ordinary Shares
instrument, type of instrument
Identification code ISIN for PipeHawk plc Ordinary Shares:
GB0003010609
b) Nature of the transaction Grant of Option
c) Price(s) and volume(s) Price(s) Volume(s)
3.875p 200,000
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 17 November 2016
f) Place of the transaction Outside a trading venue
END
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