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 the Financial instrument, type of instrument | Exercise of options over ordinary shares of 1p
| ||||
| Identification code | ISIN: GB0003010609 | |||||
| b) | Nature of the transaction | Exercise of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: - Aggregated volume - Price | N/A | ||||
| 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 |
| Allenby Capital (Nomad and Broker) | 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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