HDD Hardide Plc

TIDMHDD

RNS Number : 9179A

Hardide PLC

27 January 2020

27 January 2020

Hardide plc

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

Appointment of Finance Director

Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, is pleased to announce the appointment of Simon Hallam to the Board as Finance Director, with effect from 20 April 2020. He succeeds Peter Davenport who, as announced on 21 January 2020, will be stepping down from the Board to pursue a new career in education. To ensure an effective handover, Peter will remain with the Company for a short period after Simon joins.

Simon has over 20 years' experience in senior finance roles within industrial manufacturing and engineering companies. He joins from the Doncasters Group, a leading international engineering company, where he is currently Finance Director of the UK business in the Industrial Gas Turbine Division. Prior to that, he was with IMI plc for nine years as Finance Director of the UK business within the Precision Engineering Division. He was Company Secretary of IMI Precision Engineering Ltd for seven years and of Norgren Limited for five years. He will assume the role of Company Secretary of Hardide. Simon, who holds a BA (Hons) in Accountancy and is a Chartered Accountant, started his career with KPMG.

Robert Goddard, Chairman of Hardide plc commented:

"The Board is very pleased to welcome Simon to Hardide. He brings significant financial experience from relevant larger corporate manufacturing and engineering environments and we are confident he will be a valuable addition to the Board as the Company enters the next stage of its growth.

"The Board is very grateful to Peter for his dedication and we will be sad to see him depart. He has been a key player in the development of the Company over the past 15 years and we wish him well with his new career."

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

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 following information is disclosed under AIM Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:

 
 Full name                   Simon Andrew Hallam 
 Age                         53 
                            ----------------------------------------- 
 Hardide shares held         Simon does not have an interest in any 
                              Hardide shares 
                            ----------------------------------------- 
 Current directorships:      N/A 
                            ----------------------------------------- 
 Historic directorships      N/A 
  from previous 5 
  years: 
                            ----------------------------------------- 
                             The Board intends to issue share options 
   Grant of share options     on commencement of employment 
                            ----------------------------------------- 
 

No further information is required to be disclosed under AIM Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

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END

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