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 price

Date from

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 the Financial instrument, type of instrument

Grant of options over ordinary shares of 0.1p

 

Identification code

ISIN: GB0003010609

b)

Nature of the transaction

Grant of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Exercise price of 8 pence per share

750,000

 

d)

Aggregated information:

-  Aggregated volume

-  Price

N/A

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 the Financial instrument, type of instrument

Grant of options over ordinary shares of 0.1p

 

Identification code

ISIN: GB0003010609

b)

Nature of the transaction

Grant of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Exercise price of 8 pence per share

300,000

 

d)

Aggregated information:

-  Aggregated volume

-  Price

N/A

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 the Financial instrument, type of instrument

Grant of options over ordinary shares of 0.1p

 

Identification code

ISIN: GB0003010609

b)

Nature of the transaction

Grant of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Exercise price of 8 pence per share

200,000

 

d)

Aggregated information:

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

18 March 2021

f)

Place of the transaction

Outside a trading venue

 

Enquiries:

 

PipeHawk Plc
Gordon Watt (Chairman)

Tel. No. 01252 338 959

Allenby Capital (Nomad and Broker)
David Worlidge/Vivek Bhardwaj

Tel. No. 020 3328 5656

 

Notes to Editors

 

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

 

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