REG - Hardide PLC - Grant of Executive Share Options

HardideAnnouncement

10/02/2026 13:00

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RNS Number : 4637S  Hardide PLC  10 February 2026

10 February 2026

Hardide plc

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

Grant of Executive Share Options

 

Hardide plc (AIM: HDD), the provider of advanced surface coating technology,
announces the granting by the Company's Remuneration Committee of options over
the ordinary shares in the Company ("Options") to executive directors (the
"Executive Directors") in the quantities set out below, pursuant to the
Company's EMI option scheme.

These Options have been granted in line with the Group's 2025 Remuneration
Policy, the details of which are disclosed within the forthcoming annual
report for the year-ended 30 September 2025, which will be made available to
shareholders later this month.

 Name          Position            Number of Options  Type of option      Conditions
 Matt Hamblin  CEO                 1,088,634          Performance shares  Financial performance and TSR
 Simon Hallam  Finance Director    352,431            Performance shares  Financial performance and TSR
 Yuri Zhuk     Technical Director  378,514            Performance shares  Financial performance and TSR

 

The Options have an exercise price of 21.97 pence per share, being the 5-VWAP
for the 5 business days preceding this announcement.

The Options will only vest based on the achievement of certain financial
performance targets, which will require the achievement of significant growth
in both EBITDA and Total Shareholder Return ("TSR") in each of the three
financial years ending 30 September 2028. Further details of the performance
targets and to the extent to which these have been achieved will be disclosed
retrospectively each year in the Group's annual report.

Following the grant of the Options, the resulting interests of the Executive
Directors are summarised as follows:

 Name          Ordinary Shares of 4p each  Total Options subsequent to these grants
 Matt Hamblin  288,552                     4,388,634
 Simon Hallam  10,526                      1,007,631
 Yuri Zhuk     221,189                     1,154,926

 

In aggregate 2,195,048 new Options have been granted, which includes 375,469
options granted to a member of the senior management team, representing 2.8%
of the Company's issued ordinary share capital. Following the grant of
Options, there are a total of 7,145,410 Options outstanding, representing
approximately 9.1% of the current issued share capital of the Company.

Enquiries:

Hardide plc

Simon Hallam (Finance Director and Company
Secretary)              Tel: +44 (0)1869 353830

Bryan Allcock (Senior Independent Director and Chair of the Remuneration
Committee)

 

Cavendish Capital Markets Ltd - Broker and Nominated Adviser

Henrik Persson / Elysia Bough (Corporate
Finance)
    Tel: +44 (0) 2072 200 500

Jasper Berry / Dale Bellis (Sales)

 

Notes to editors:

www.Hardide.com (http://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 as well as a reduced carbon footprint.
Customers include leading companies operating in the energy sectors, valve and
pump manufacturing, industrial gas turbine, precision engineering and
aerospace industries.

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Matt Hamblin
 2   Reason for the notification
 a)  Position/status                                              CEO
 b)  Initial notification/ Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Hardide plc
 b)  LEI                                                          213800HLAUIIFKMU5G89
 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  Ordinary Shares of 4p each

GB00BJJPX768
     Identification code

 b)  Nature of the transaction                                    Options granted under the EMI scheme 2016
 c)  Price(s) and volume(s)                                       Exercise Price(s)  Volume(s)
                                                                  21.97p             1,088,634
 d)  Aggregated information

     -     Aggregated volume                                      Single transaction as in 4c) above

     -     Price
 e)  Date of the transaction                                      10 February 2026
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

 

Single transaction as in 4c) above

 

e)

Date of the transaction

10 February 2026

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Simon Hallam
 2   Reason for the notification
 a)  Position/status                                              Finance Director
 b)  Initial notification/ Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Hardide plc
 b)  LEI                                                          213800HLAUIIFKMU5G89
 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  Ordinary Shares of 4p each

GB00BJJPX768
     Identification code

 b)  Nature of the transaction                                    Options granted under the EMI scheme 2016
 c)  Price(s) and volume(s)                                       Exercise Price(s)  Volume(s)
                                                                  21.97p             352,431
 d)  Aggregated information

     -     Aggregated volume                                      Single transaction as in 4c) above

     -     Price
 e)  Date of the transaction                                      10 February 2026
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

 

Single transaction as in 4c) above

 

e)

Date of the transaction

10 February 2026

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Yuri Zhuk
 2   Reason for the notification
 a)  Position/status                                              Technical Director
 b)  Initial notification/ Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Hardide plc
 b)  LEI                                                          213800HLAUIIFKMU5G89
 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  Ordinary Shares of 4p each

GB00BJJPX768
     Identification code

 b)  Nature of the transaction                                    Options granted under the EMI scheme 2016
 c)  Price(s) and volume(s)                                       Exercise Price(s)  Volume(s)
                                                                  21.97p             378,514
 d)  Aggregated information

     -     Aggregated volume                                      Single transaction as in 4c) above

     -     Price
 e)  Date of the transaction                                      10 February 2026
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-     Aggregated volume

-     Price

 

Single transaction as in 4c) above

 

e)

Date of the transaction

10 February 2026

f)

Place of the transaction

Outside a trading venue

 

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