TIDMHDD

RNS Number : 8513A

Hardide PLC

26 May 2023

Hardide plc

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

Director/PDMR Shareholding

Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, announces that Andrew Magson, non-executive Chair of the Company, purchased 24,549 ordinary shares in the Company on 26 May at a price of 12.22 pence per ordinary share.

Following this purchase, Andrew Magson holds 24,549 ordinary shares in the Company, representing approximately 0.04 per cent. of the Company's issued share capital.

The FCA notification in respect of the above, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below.

 
 
  Enquiries: 
Hardide plc 
 Philip Kirkham, CEO                                 Tel: +44 (0) 1869 353 
 Jackie Heddle, Communications Manager                                 830 
IFC Advisory                                          Tel: +44 (0) 20 3934 
 Graham Herring                                                       6630 
 Tim Metcalfe 
 Florence Chandler 
finnCap - Nominated Adviser and Joint Broker         Tel: +44 (0) 2072 200 
 Henrik Persson/Abigail Kelly (Corporate                               500 
 finance) 
 Barney Hayward (ECM) 
 
  Allenby Capital - Joint Broker                      Tel: +44 (0) 20 3328 
  Tony Quirke/ Joscelin Pinnington - Sales                            5656 
  and Corporate Broking 
  Jeremy Porter / Dan Dearden-Williams- Corporate 
  Finance

Notes to editors:

www.hardide.com

Hardide develops, manufactures and applies advanced technology tungsten carbide/tungsten metal matrix coatings to a wide range of engineering components. Its patented technology is unique in combining, in one material, a mix of toughness and resistance to abrasion, erosion and corrosion; together with the ability to coat accurately interior surfaces and complex geometries. The material is proven to offer dramatic improvements in component life, particularly when applied to components that operate in very aggressive environments. This results in cost savings through reduced downtime and increased operational efficiency. Customers include leading companies operating in the energy sectors, valve and pump manufacturing, industrial engineering and aerospace industries.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
       Details of the person discharging managerial responsibilities 
   1    / person closely associated 
 a)    Name                        Andrew Magson 
      --------------------------  ---------------------------------------- 
       Reason for the notification 
  2 
      -------------------------------------------------------------------- 
 a)    Position/status             Non-Executive Chairman 
      --------------------------  ---------------------------------------- 
 b)    Initial notification        Initial notification 
        /Amendment 
      --------------------------  ---------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------- 
 a)    Name                        Hardide plc 
      --------------------------  ---------------------------------------- 
 b)    LEI                         213800HLAUIIFKMU5G89 
      --------------------------  ---------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (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          Ordinary shares in Hardide plc 
        financial instrument, 
        type of instrument          Identification code (ISIN) for Hardide 
        Identification code         plc ordinary shares: GB00BJJPX768 
      --------------------------  ---------------------------------------- 
 b)    Nature of the transaction   Purchase of shares 
      --------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s)       Price(s)   Volume(s) 
                                     12.22p     24,549 
                                               ---------- 
      --------------------------  ---------------------------------------- 
 d)    Aggregated information      As above 
        - Aggregated volume 
        - Price 
      --------------------------  ---------------------------------------- 
 e)    Date of the transaction     26 May 2023 
      --------------------------  ---------------------------------------- 
 f)    Place of the transaction    London Stock Exchange, XLON 
      --------------------------  ----------------------------------------

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END

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May 26, 2023 08:46 ET (12:46 GMT)

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