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An announcement from Hardide ( (GB:HDD) ) is now available.
Hardide plc announced the granting of options over ordinary shares to certain directors as part of its executive remuneration strategy. This aligns with the company’s goal to promote profitable growth and better align the interests of directors and shareholders. The options, particularly for CEO Matt Hamblin, are conditioned on performance and tenure, with a focus on achieving stretching EBITDA growth targets over the next three years. Additionally, the company issued shares to Steve Paul as part of a payment for his role as Interim CEO, which supports the development of the company’s sales strategy. The issuance of new shares reflects a strategic decision to meet financial obligations without cash outlay, potentially impacting shareholder calculations under FCA rules.
More about Hardide
Hardide plc develops, manufactures, and applies advanced tungsten carbide/tungsten metal matrix coatings for various engineering components. Their patented technology offers improvements in component life, especially in aggressive environments, catering to sectors such as energy, valve and pump manufacturing, industrial gas turbine, precision engineering, and aerospace.
YTD Price Performance: -46.43%
Average Trading Volume: 125,947
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.41M
For a thorough assessment of HDD stock, go to TipRanks’ Stock Analysis page.
