TIDMPIP

RNS Number : 8205B

PipeHawk PLC

04 February 2020

4 February 2020

PipeHawk plc

(the "Group" or the "Company")

Director/PDMR Shareholding

The Company announces that Randal MacDonnell, Non-Executive Director of the Company, has today exercised options over 500,000 ordinary shares of 1 pence each ("Ordinary Shares") at an exercise price of 3 pence per Ordinary Share. Following the exercise of options, Randal MacDonnell has a total beneficial interest in 1,431,436 Ordinary Shares, equivalent to 4.12 per cent. of the Company's issued share capital.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the admission to trading on AIM ("Admission") of the 500,000 new Ordinary Shares. The new Ordinary Shares rank pari passu in all respects with the Company's existing Ordinary Shares and Admission is expected to become effective on 10 February 2020.

On Admission, the issued share capital of the Company will consist of 34,860,515 Ordinary Shares of, with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 34,860,515. This figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Randal MacDonnell 
     ---------------------  ----------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status        Non-Executive Director 
     ---------------------  ----------------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                   PipeHawk plc 
     ---------------------  ----------------------------------------- 
 b)   LEI                    213800CYT8OXEYWCNO29 
     ---------------------  ----------------------------------------- 
 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            Ordinary shares of 0.1p 
       of the financial 
       instrument, 
       type of instrument 
 
       Identification         GB0003010609 
       code 
     ---------------------  ----------------------------------------- 
 b)   Nature of              Exercise of options over ordinary shares 
       the transaction 
     ---------------------  ----------------------------------------- 
 c)   Price(s)                Price(s)    Volume(s) 
       and volume(s)           3 pence     500,000 
                                          ---------- 
     ---------------------  ----------------------------------------- 
 d)   Aggregated             N/A 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------------------- 
 e)   Date of the            3 February 2020 
       transaction 
     ---------------------  ----------------------------------------- 
 f)   Place of               Outside a trading venue 
       the transaction 
     ---------------------  ----------------------------------------- 
 
 
 Enquiries: 
  PipeHawk Plc                                 Tel. No. 01252 338 959 
  Gordon Watt (Chairman) 
 Allenby Capital Limited (Nomad and Broker)   Tel. No. 020 3328 5656 
  David Worlidge / Asha Chotai 
 

Notes to Editors

For further information on the Company and its subsidiaries, please visit: www.pipehawk.com.

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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February 04, 2020 02:01 ET (07:01 GMT)

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