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Hardide plc announced that Andrew Magson, its non-executive Chair, purchased 24,549 ordinary shares in the company on 26 May 2023 at 12.22 pence per share. Following this transaction, Mr. Magson holds 24,549 ordinary shares, representing approximately 0.04 per cent. of Hardide plc's issued share capital.
| Date | 26 May 2023 |
| Time | 13:46:54 |
| Category | Director/PDMR dealings |
| ID | 8513A |
Hardide plc
("Hardide", "the Group" or "the Company")
Director/PDMR Shareholding
Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, announces that Andrew Magson, non-executive Chair of the Company, purchased 24,549 ordinary shares in the Company on 26 May at a price of 12.22 pence per ordinary share.
Following this purchase, Andrew Magson holds 24,549 ordinary shares in the Company, representing approximately 0.04 per cent. of the Company's issued share capital.
The FCA notification in respect of the above, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below.
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Enquiries: |
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Hardide plc Philip Kirkham, CEO Jackie Heddle, Communications Manager |
Tel: +44 (0) 1869 353 830 |
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IFC Advisory Graham Herring Tim Metcalfe Florence Chandler |
Tel: +44 (0) 20 3934 6630 |
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finnCap - Nominated Adviser and Joint Broker Henrik Persson/Abigail Kelly (Corporate finance) Barney Hayward (ECM) |
Tel: +44 (0) 2072 200 500 |
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Allenby Capital - Joint Broker Tony Quirke/ Joscelin Pinnington - Sales and Corporate Broking Jeremy Porter / Dan Dearden-Williams- Corporate Finance |
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 the energy sectors, valve and pump manufacturing, industrial engineering and aerospace industries.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Andrew Magson |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Chairman |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Hardide plc |
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b) |
LEI |
213800HLAUIIFKMU5G89 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares in Hardide plc
Identification code (ISIN) for Hardide plc ordinary shares: GB00BJJPX768 |
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b) |
Nature of the transaction |
Purchase of shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
As above |
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e) |
Date of the transaction |
26 May 2023 |
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f) |
Place of the transaction |
London Stock Exchange, XLON |
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