PipeHawk Plc - Director/PDMR Shareholding
18 November 2016 - 9:16PM
PR Newswire (US)
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
Gordon Watt (Chairman) |
Tel. 01252 338 959 |
Allenby Capital Limited (Nomad and Broker)
David Worlidge/James Thomas |
Tel: 020
3328 5656 |
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 instrument, type of
instrument
|
Option over Ordinary
Shares |
|
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
- Aggregated volume
- Price |
N/A |
| e) |
Date of the
transaction |
17 November 2016 |
| f) |
Place of the
transaction |
Outside a trading
venue |
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