PipeHawk PLC Grant of options
December 20 2024 - 2:00AM
RNS Regulatory News
RNS Number : 8386Q
PipeHawk PLC
20 December 2024
20
December 2024
PipeHawk
plc
("PipeHawk", "Company" or the "Group")
Grant of
options
The board of directors of PipeHawk
have approved the grant of 1,100,000 options (the "Options") over ordinary shares of 1
pence each in the Company ("Ordinary Shares") to certain senior
employees of the Group. The Options were granted pursuant to
the Group's existing share option scheme ("Option Scheme").
The Options have an exercise price
of 2.35 pence, being the closing mid-market price of an Ordinary
Share on 19 December 2024, the day prior to grant. The Options
are exercisable from 20 December 2027 to 20 December 2034,
conditional upon the share price of an Ordinary Share being at
least 5 pence for a period of 30 consecutive business days prior to
exercise, and the Option holder being an employee of the Group or
one of its subsidiaries.
Following the grant of the Options,
the total number of Ordinary Shares under option is 3,190,000,
representing approximately 8.78% of the Company's current issued
ordinary share capital.
-Ends-
Enquiries:
PipeHawk plc
Gordon Watt (Chairman)
|
Tel. No. 01252 338 959
|
Allenby Capital Limited (Nomad and Broker)
|
Tel. No. 020 3328 5656
|
David Hart / Vivek
Bhardwaj
For further information on the
Company and its subsidiaries, please visit:
www.pipehawk.com
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END
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