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:
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| Name |
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| Number of options | Exercise price | Date from which exercisable |
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| | | | | |
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| T Williams | | | 200,000 | 25p | 10 January 2026 |
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| N Field | | | 500,000 | 25p | 10 January 2026 |
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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 the Financial instrument, type of instrument | Grant of options over ordinary shares of 1p each in PipeHawk Plc
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| Identification code | ISIN: GB0003010609 | |||||
| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: - Aggregated volume - Price | N/A | ||||
| 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 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) |
| ||||
| d) | Aggregated information: - Aggregated volume - Price | N/A | ||||
| e) | Date of the transaction | 10 January 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
-Ends-
Enquiries:
| PipeHawk plc Gordon Watt (Chairman)
| Tel. No. 01252 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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