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PIPEHAWK PLC
Remuneration Information • Oct 28, 2021
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Remuneration Information
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National Storage Mechanism | Additional information 
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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