Director/PDMR Shareholding

RNS Number : 6044J

Petards Group PLC

12 September 2016

 

12 September 2016

Petards Group plc

("Petards" or "the Company")

PDMR Dealing

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that that it has been informed that on 9 September 2016 Mr O Abdullah, Director, transferred 393,750 ordinary shares to the Mr O Abdullah Pension SIPP at a price of 17.5 pence per share. 

The Company announces that further to the transfer of Ordinary Shares, Mr O Abdullah holds Ordinary Shares as follows:

Name	Share Transfers	Revised holding of Ordinary Shares	Percentage (%) of Share Capital
Mr O Abdullah	-393,750	-	-
Mr O Abdullah Pension SIPP	393,750	1,601,948	4.5

The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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	Osman Abdullah
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Petards Group plc
b)	LEI
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
4.1 a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 1p each GB00B4YL8F73
4.1b)	Nature of the transaction	Transfer of shares to pension fund
4.1c)	Price(s) and volume(s)	Price(s) Volume(s) £0.175 393,750
4.1d)	Aggregated information - Aggregated volume - Price	n/a
4.1e)	Date of the transaction	9 September 2016
4.1f)	Place of the transaction	London Stock Exchange, AIM

 **ENDS**

For further information:

Petards Group plc	www.petards.com
Raschid Abdullah, Chairman	Mb:  07768 905 004
WH Ireland Limited, Nomad and Joint Broker	www.wh-ireland.co.uk
Mike Coe / Ed Allsopp	Tel:  [phone]
Hybridan LLP, Joint Broker	www.hybridan.com
Claire Louise Noyce	Tel:  [phone]

Notes

Petards is a global supplier of products to original equipment manufacturers ('OEMs'), system integrators and end users in the rail, security and defence markets in new build, refurbishment and retrofit applications. The Company delivers ruggedised electronic solutions including video and sensor data surveillance, radio communications and threat simulation systems on mobile platforms. Petards offers a range of services, supporting its own and third party systems, spanning custom development, manufacturing, commissioning, maintenance and obsolescence management. Further information on its three product areas is included below:

Transport

Petards' market-leading eyeTrain technology provides leading edge products for on-board train video and sensing solutions, including Driver Only Operation Systems, Passenger Counting Systems, Saloon and Drivers View Video and Condition Based Monitoring.  These systems have been chosen for installation on thousands of rail vehicles around the globe, helping to reduce operating costs, increase safety and improve passenger satisfaction.

Emergency Services

Petards' ProVida is one of the world's leading in-car police speed detection, surveillance and ANPR (Automatic Number Plate Recognition) brands, comprising four components: In-Car Video, Speed Enforcement, ANPR Systems and ANPR cameras. Fixed site, mobile, re-deployable and hand-held ANPR systems together with the integrating software, are also offered by the Petards subsidiary QRO Solutions enabling coverage across many of the UK's police forces. The Provida brand has also stretched to over 20 countries.

Defence

Petards provide a range of specialist engineering services to the defence sector. The Company has established a strong reputation for being a responsive, flexible and reliable partner in delivering challenging military programmes.  Petards excels in the disciplines of Communications and Information Systems, Electronic Countermeasure Systems, Ruggedised Electronic Control Systems and in the provision of Engineering Services to UK MoD and other NATO countries.

 

END

 

 

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