PipeHawk PLC Grant of Options (6036Q)
October 28 2021 - 7:03AM
UK Regulatory
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)
Historical Stock Chart
From Dec 2024 to Jan 2025
Pipehawk (LSE:PIP)
Historical Stock Chart
From Jan 2024 to Jan 2025
