TIDMPIP

RNS Number : 8749Y

PipeHawk PLC

19 January 2022

19 January 2022

PipeHawk plc

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

PDMR Shareholding

The Company announces that on 18 January 2022, Nick Field, Managing Director of QM Systems Limited ("QM"), one of the Group's principal subsidiaries, exercised options over 500,000 ordinary shares of 1 pence each ("Ordinary Shares") at an exercise price of 3.75 pence per Ordinary Share. Following the exercise of options, Nick Field has a total beneficial interest in 500,000 Ordinary Shares, equivalent to 1.38 per cent. of the Company's enlarged issued share capital.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the admission to trading on AIM ("Admission") of the 500,000 new Ordinary Shares. The new Ordinary Shares rank pari passu in all respects with the Company's existing Ordinary Shares and Admission is expected to become effective on 25 January 2022.

On Admission, the issued share capital of the Company will consist of 36,312,823 Ordinary Shares, with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 36,312,823 . This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

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                             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                   E xercise of options over o rdinary 
       the Financial                    shares of 1p 
       instrument, type 
       of instrument 
     -------------------------------  ------------------------------------ 
      Identification                   ISIN: GB0003010609 
       code 
     -------------------------------  ------------------------------------ 
 b)   Nature of the                    E xercise of options 
       transaction 
     -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)          Volume(s) 
                                         Exercise price 
                                          of 3.75 pence 
                                          per share        500,000 
                                                          ---------- 
     -------------------------------  ------------------------------------ 
 d)   Aggregated information:          N/A 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------------  ------------------------------------ 
 e)   Date of the transaction          18 January 2022 
     -------------------------------  ------------------------------------ 
 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

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END

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January 19, 2022 02:00 ET (07:00 GMT)

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