Hardide PLC Exercise of Options (7091C)
January 23 2018 - 10:56AM
UK Regulatory
TIDMHDD
RNS Number : 7091C
Hardide PLC
23 January 2018
Hardide plc
("Hardide" or "the Company")
Exercise of Options
Hardide plc (AIM: HDD), the provider of surface coating
technology announces that it has applied for the admission to
trading on AIM of a total of 1,500,000 ordinary shares of 0.1p each
in the capital of the Company ("Ordinary Shares") which have been
issued pursuant to an exercise of options over Ordinary Shares by
an employee of the Company.
Accordingly, the Company has applied for the 1,500,000 new
Ordinary Shares to be admitted to trading on AIM. The new Ordinary
Shares will rank pari passu with the Company's existing Ordinary
Shares and admission is expected to become effective on 29 January
2018 ("Admission").
The Company advises that, following Admission, the Company's
issued share capital will be 1,638,399,479 Ordinary Shares all with
voting rights. The above figure of 1,638,399,479 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.
ENDS
For further information:
Hardide plc Tel: +44 (0) 1869
Philip Kirkham, CEO 353830
Jackie Robinson, Communications
Manager
finnCap Limited Tel: +44 (0)20
Stuart Andrews/James Thompson/Henrik 7220 0500
Persson
Notes to Editors:
www.hardide.com
Hardide develops, manufactures and applies advanced technology
tungsten-carbide 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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