PIPEHAWK PLC

Remuneration Information • Jan 11, 2023

National Storage Mechanism | Additional information

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 options	Exercise price	Date from 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 the Financial instrument, type of instrument

Grant of options over ordinary shares of 1p each in PipeHawk Plc

Identification code

ISIN: GB0003010609

b)

Nature of the transaction

Grant of options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
14.25p	200,000

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)

Price(s)	Volume(s)
14.25p	500,000

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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