TIDMPIP

RNS Number : 6036Q

PipeHawk PLC

28 October 2021

28 October 2021

PipeHawk plc

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

Grant of options

The Company announces that on 18 March 2021, the Board approved the issue of 1,590,000 share options as part of the Group's existing strategy on key employee remuneration ("Options Scheme"). As part of the Options Scheme allocation, 750,000 share options were granted to Gordon Watt, Executive Chairman, 300,000 share options granted to Soumitra Padmanathan , Group Finance Director & Secretary and 200,000 share options granted to Randal MacDonnell, Non-Executive Director. The remaining 340,000 share options were granted to employees of the Group.

The options have an exercise price of 8 pence. The options are exercisable from 18 March 2024 to 18 March 2031.

Following the issue of the above options, Mr Watt, Ms Padmanathan and Mr MacDonnell will be interested in the following options:

 
 
 Director             Number of options   Exercise      Date from 
                                             price          which 
                                                      exercisable 
 
 G G Watt                       750,000       8.0p    18 Mar 2024 
 S P Padmanathan                200,000       3.9p    15 Nov 2019 
 S P Padmanathan                300,000       8.0p    18 Mar 2024 
 R MacDonnell                   200,000       8.0p    18 Mar 2024 
 
 

In addition to the above, in consideration of loans made to the Company, Mr Watt has warrants over 3,703,703 ordinary shares at an exercise price of 13.5p per share and warrants over a further 6,000,000 ordinary shares at an exercise price of 3.0p per share.

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                              Gordon G Watt 
     --------------------------------  --------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------- 
 a)   Position/status                   Director - Chairman 
     --------------------------------  --------------------------------- 
 b)   Initial notification/Amendment    Initial Notification 
     --------------------------------  --------------------------------- 
 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 of                    Grant of options over o rdinary 
       the Financial                     shares of 0.1p 
       instrument, type 
       of instrument 
      Identification                    ISIN: GB0003010609 
       code 
     --------------------------------  --------------------------------- 
 b)   Nature of the                     Grant of options 
       transaction 
     --------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)             Price(s)           Volume(s) 
                                          Exercise price 
                                           of 8 pence per 
                                           share             750,000 
                                                            ---------- 
     --------------------------------  --------------------------------- 
 d)   Aggregated information:           N/A 
        *    Aggregated volume 
 
 
        *    Price 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           18 March 2021 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  --------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Soumitra P Padmanathan 
     -------------------------------  ---------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------- 
 a)   Position/status                  Director - Group Finance Director 
                                        & Secretary 
     -------------------------------  ---------------------------------- 
 b)   Initial notification/Amendment   Initial Notification 
     -------------------------------  ---------------------------------- 
 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 of                   Grant of options over o rdinary 
       the Financial                    shares of 0.1p 
       instrument, type 
       of instrument 
      Identification                   ISIN: GB0003010609 
       code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the                    Grant of options 
       transaction 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)            Price(s)           Volume(s) 
                                         Exercise price 
                                          of 8 pence per 
                                          share             300,000 
                                                           ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information:          N/A 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          18 March 2021 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ---------------------------------- 
 
 
 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/Amendment    Initial Notification 
     --------------------------------  --------------------------------- 
 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 of                    Grant of options over o rdinary 
       the Financial                     shares of 0.1p 
       instrument, type 
       of instrument 
      Identification                    ISIN: GB0003010609 
       code 
     --------------------------------  --------------------------------- 
 b)   Nature of the                     Grant of options 
       transaction 
     --------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)             Price(s)           Volume(s) 
                                          Exercise price 
                                           of 8 pence per 
                                           share             200,000 
                                                            ---------- 
     --------------------------------  --------------------------------- 
 d)   Aggregated information:           N/A 
        *    Aggregated volume 
 
 
        *    Price 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           18 March 2021 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  --------------------------------- 
 

Enquiries:

 
 PipeHawk Plc                         Tel. No. 01252 338 959 
  Gordon Watt (Chairman) 
 Allenby Capital (Nomad and Broker)   Tel. No. 020 3328 5656 
  David Worlidge/Vivek Bhardwaj 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHEAFEPAEAFFFA

(END) Dow Jones Newswires

October 28, 2021 07:03 ET (11:03 GMT)

Pipehawk (LSE:PIP)
Gráfica de Acción Histórica
De Dic 2021 a Ene 2022 Haga Click aquí para más Gráficas Pipehawk.
Pipehawk (LSE:PIP)
Gráfica de Acción Histórica
De Ene 2021 a Ene 2022 Haga Click aquí para más Gráficas Pipehawk.