Business
Grant of Options
Grant of Options.
About this update from Hardide Plc
[{"type":"text","content":"\n \nRNS Number : 0548X Hardide PLC 16 December 2019 \n\nHardide plc\n(\"Hardide\", the \"Group\" or the \"Company\")\nGrant of Options\n \nHardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, announces that it has today granted a total of 1,873,798 of share options over new ordinary shares to members of senior management, including directors (the \"New Options\") as follows:\n\n\n\n\nDirector\n\n\nRole\n\n\nNew Options issued\n\n\nConsequent total holding of share options \n\n\n\n\nPhilip Kirkham\n\n\nChief Executive Officer\n\n\n741,600\n\n\n1,241,600\n\n\n\n\nYuri Zhuk\n\n\nTechnical Director\n\n\n338,508\n\n\n351,008\n\n\n\n\nPeter Davenport\n\n\nFinance Director\n\n\n250,434\n\n\n262,934\n\n\n\n\nRobert Goddard\n\n\nChairman\n\n\n150,000\n\n\n237,500\n\n\n\n\n \nThe New Options vest subject to performance, share price and tenure conditions, and all have an exercise price of 62p. 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. The options will not vest if the criteria are not met.\nIn aggregate, the New Options represent 3.8% of the existing Ordinary Share capital of the Company. Following the grant of the New Options, the Company has a total of 3,100,638 unexercised options in issue which amounts to approximately 6.3% of the existing issued share capital of the Company of 49,145,692 Ordinary Shares. The New Options will also vest in full in the event of a change of control.\nThe information in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.\n \n\n\n\n\nEnquiries:\n\n\n \n\n\n\n\nHardide plc\nRobert Goddard, Non-Executive Chairman\nPhilip Kirkham, CEO\nJackie Robinson, Communications Manager\n\n\n \nTel: +44 (0) 1869 353 830\n\n\n\n\nIFC Advisory\nGraham Herring / Heather Armstrong / Florence Chandler\n\n\nTel: +44 (0) 2039 346 630\n\n\n\n\nfinnCap\nHenrik Persson / Kate Bannatyne / Matthew Radley\n\n\nTel: +44 (0) 2072 200 500\n\n\n\n\n \n \nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them\n\n\n\n\n1. &...