Hardide PLC Exercise of Options (3282Y)
August 20 2018 - 9:35AM
UK Regulatory
TIDMHDD
RNS Number : 3282Y
Hardide PLC
20 August 2018
Hardide plc
("Hardide" or the "Company")
Exercise of Options
Hardide plc (AIM: HDD), the developer and provider of advanced
surface coating technology, announces that it has today issued and
allotted 1,000,000 ordinary shares of 0.1p each in the capital of
the Company ("Ordinary Shares") pursuant to the exercise of share
options by an employee of the Company.
Application has been made to the London Stock Exchange for the
1,000,000 new Ordinary Shares to be admitted to trading on AIM
("Admission") and it is expected that Admission will become
effective and trading will commence on or around the 24 August
2018.
The Company advises that, following Admission, the Company's
issued share capital will be 1,698,076,596 Ordinary Shares all with
voting rights. The above figure of 1,698,076,596 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 7220
Henrik Persson/James Thompson/Matthew 0500
Radley
Notes to Editors:
www.hardide.com
Hardide develops, manufactures and applies advanced-technology
coatings of tungsten-carbide 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 shapes. The material has been proven
to offer dramatic improvements in component life; particularly when
applied to components in very aggressive environments. This results
in cost savings through reduced downtime and increased operational
efficiency. Customers include leading companies in oil and gas
exploration and production, valve and pump manufacturing, precision
engineering and aerospace industries.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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