TIDMHDD

RNS Number : 4333A

Hardide PLC

21 January 2020

21 January 2020

Hardide plc

("Hardide", the "Group" or the "Company")

Director Dealing

Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, announces that it has been notified that on 21 January 2020, Yuri Zhuk, Technical Director of the Company, sold 208,775 ordinary shares of 4.0 pence each in the capital of the Company ("Ordinary Shares") at a price of 63.0 pence per Ordinary Share (the "Sale").

Following the Sale, Dr. Zhuk has a beneficial interest in 157,027 Ordinary Shares representing approximately 0.3% of the issued share capital of the Company.

 
 Enquiries: 
 
   Hardide plc                                      Tel: +44 (0) 1869 
   Robert Goddard, Non-Executive Chairman           353830 
   Philip Kirkham, CEO 
   Jackie Robinson, Communications Manager 
 
   finnCap - Nominated Adviser and Joint Broker     Tel: +44 (0) 20 7220 
   Henrik Persson / Matthew Radley                  0500 
 
   Allenby Capital - Joint Broker                   Tel: +44 (0)20 3328 
   Jeremy Porter / James Hornigold                  5656 
 
   IFC Advisory - Financial PR and Investor         Tel: +44 (0) 20 3934 
   Relations                                        6630 
   Graham Herring / Tim Metcalfe / Florence 
   Chandler

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. Customers include leading companies operating in oil and gas exploration and production, valve and pump manufacturing, precision engineering and aerospace industries.

www.hardide.com

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 
            1    Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Yuri Zhuk 
                -------------------------------  ---------------------------------- 
            2.   Reason for the Notification 
                ------------------------------------------------------------------- 
 a)              Position/status                  Technical Director 
                -------------------------------  ---------------------------------- 
 b)              Initial notification/Amendment   Initial notification 
                -------------------------------  ---------------------------------- 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ------------------------------------------------------------------- 
 a)              Name                             Hardide plc 
                -------------------------------  ---------------------------------- 
 b)              LEI                              213800HLAUIIFKMU5G89 
                -------------------------------  ---------------------------------- 
 4.              Details of the transaction(s): section to be repeated 
                  for (i) each type of instrument; (ii) each type of transaction; 
                  (iii) each date; and (iv) each place where transactions 
                  have been conducted 
                ------------------------------------------------------------------- 
 a)              Description of the               Ordinary Shares of 4 pence each 
                  Financial instrument, 
                  type of instrument 
                 Identification code              GB00BJJPX768 
                -------------------------------  ---------------------------------- 
 b)              Nature of the transaction        Sale of Ordinary Shares 
                -------------------------------  ---------------------------------- 
 c)              Price(s) and volume(s)            Price(s)   Volume(s) 
                                                    63.0p      208,775 
                                                              ---------- 
                -------------------------------  ---------------------------------- 
 d)              Aggregated information: 
                   *    Aggregated volume           See 4c) above 
 
 
                   *    Price 
                -------------------------------  ---------------------------------- 
 e)              Date of the transaction          21 January 2020 
                -------------------------------  ---------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ----------------------------------

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

DSHGZGZMRMRGGZG

(END) Dow Jones Newswires

January 21, 2020 03:15 ET (08:15 GMT)

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