18 June 2024
Hardide plc
("Hardide", "the Group" or "the Company")
Confirmation of Board Change and Appointment of Sole Broker
Hardide plc (AIM: HDD), the provider of advanced surface treatment solutions, announces (further to the announcement of 22 May 2024) that Steve Paul, previously interim CEO, has today stepped down as a director of the Company following completion of his handover period to Matt Hamblin, ongoing CEO of the Company. Steve will continue to work closely alongside Matt in a sales and business development capacity.
Hardide further announces that it has appointed Cavendish Capital Markets Limited as its Sole Broker with immediate effect, and it remains the Company's Nominated Advisor.
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Hardide plc Andrew Magson, Non-Executive Chair |
Tel: +44 (0) 1869 353 830 |
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IFC Advisory Graham Herring Tim Metcalfe Florence Chandler |
Tel: +44 (0) 20 3934 6630 |
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Cavendish Capital Markets Ltd - Nominated Adviser and Broker Henrik Persson/ Abigail Kelly (Corporate Finance) |
Tel: +44 (0) 2072 200 500 |
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 as well as a reduced carbon footprint. Customers include leading companies operating in the energy sectors, valve and pump manufacturing, industrial gas turbine, precision engineering and aerospace industries.