Grant of Executive Share Options
Executive share options granted to three directors under EMI scheme with financial performance conditions.
- Options granted to Matt Hamblin (CEO) 1,088,634
- Options granted to Simon Hallam (Finance Director) 352,431
- Options granted to Yuri Zhuk (Technical Director) 378,514
- Exercise price per share 21.97p
- Total options outstanding after grant 7,145,410 (prior 9.1% of issued share capital)
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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.
| a) | Name | Matt Hamblin |
| 2 | Reason for the notification | |
| a) | Position/status | CEO |
| b) | Initial notification/ Amendment | Initial notification |
| a) | Name | Hardide plc |
| b) | LEI | 213800HLAUIIFKMU5G89 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 4p each GB00BJJPX768 |
| 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 - 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 |
| a) | Name | Hardide plc |
| b) | LEI | 213800HLAUIIFKMU5G89 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 4p each GB00BJJPX768 |
| 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 - 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 |
| a) | Name | Hardide plc |
| b) | LEI | 213800HLAUIIFKMU5G89 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 4p each GB00BJJPX768 |
| 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 - 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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