Hardide PLC Grant of Options (7947M)
20 September 2012 - 5:53PM
UK Regulatory
TIDMHDD
RNS Number : 7947M
Hardide PLC
20 September 2012
Press Release 20 September 2012
Hardide plc
("Hardide" or "the Group")
Grant of Options
Hardide plc (AIM:HDD), the provider of unique metal surface
engineering technology, announces that on 19 September 2012 (the
"Grant Date") it granted options over 20,000,000 ordinary shares of
0.1 pence each (comprising 2.1 per cent of the existing issued
share capital) to its recently appointed Chief Executive Officer,
Philip Kirkham, at an exercise price of 0.81 pence per share, under
the Company's existing share option scheme. The closing price on 19
September 2012 was 0.81 pence per share.
These options are exercisable for a period of six years from the
Grant Date subject to the following vesting restrictions: no option
can be exercised within 30 months of the Grant Date, 50% of these
options are exercisable 30 months after the Grant Date and 100% of
the options are exercisable 60 months after the Grant Date.
Ends
For further information:
Hardide plc
Robert Goddard, Chairman Tel: +44 (0) 1869 353830
Jackie Robinson, Communications www.hardide.com
Manager
N+1 Brewin
Andrew Craig/Ben Wright Tel: +44 (0) 203 201 3916
www.nplus1brewin.com
Note to editors
Hardide Coatings
Hardide develops, manufactures and applies tungsten
carbide-based coatings to a wide range of engineering components.
The Group's patented technology is unique in that it combines
abrasion, erosion and corrosion resistant properties in one
coating. When applied to metal components, the technology is proven
to offer dramatic cost savings through reduced downtime and
extended part life. Customers include leading companies operating
in oil and gas exploration and production, valve and pumps
manufacturing, general engineering and aerospace.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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