PipeHawk PLC Grant of Options (3168M)
January 11 2023 - 2:00AM
UK Regulatory
TIDMPIP
RNS Number : 3168M
PipeHawk PLC
11 January 2023
11 January 2023
PipeHawk plc
("PipeHawk", "Company" or the "Group")
Grant of Options
The Company announces that on 10 January 2023, the Board
approved the issue of 700,000 share options pursuant to the Group's
share option schemes ("Options Scheme"). 200,000 share options were
granted to Tim Williams , Non-Executive Director of the Group under
the Unapproved Share Option Scheme and 500,000 share options were
granted to Nick Field, Managing Director of QM Systems Limited
("QM"), one of the Group's principal subsidiaries, under the EMI
Share Option Scheme .
The options have an exercise price of 14.25 pence, being the
closing mid-market price of an ordinary share on 10 January 2023.
The options are exercisable from 10 January 2026 to 10 January
2033, conditional upon the share price of a PipeHawk ordinary share
being in excess of 25p for a period of 20 consecutive business days
prior to exercise.
Following the issue of the above options, Mr Williams and Mr
Field will be interested in the following options:
Name Number of Exercise price Date from
options which
exercisable
T Williams 200,000 25p 10 January 2026
N Field 500,000 25p 10 January 2026
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 Tim Williams
------------------------------- -----------------------------------
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 1p each in PipeHawk Plc
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)
14.25p 200,000
----------
------------------------------- -----------------------------------
d) Aggregated information: N/A
* Aggregated volume
* Price
------------------------------- -----------------------------------
e) Date of the transaction 10 January 2023
------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nick Field
-------------------------------- ---------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Managing Director of QM Systems
Limited
-------------------------------- ---------------------------------
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)
14.25p 500,000
----------
-------------------------------- ---------------------------------
d) Aggregated information: N/A
* Aggregated volume
* Price
-------------------------------- ---------------------------------
e) Date of the transaction 10 January 2023
-------------------------------- ---------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------------
-Ends-
Enquiries:
PipeHawk plc Tel. No. 01252
Gordon Watt (Chairman) 338 959
Allenby Capital Limited (Nomad and Broker) Tel. No. 020 3328
5656
David Worlidge/Vivek Bhardwaj
For further information on the Company and its subsidiaries,
please visit: www.pipehawk.com
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END
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