Director/PDMR Shareholding

RNS Number : 6348G

Petards Group PLC

07 November 2018

 

7 November 2018

Petards Group plc

("Petards" or the "Company" or "the Group")

Grant of Share Options

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that its Remuneration Committee, in accordance with the rules of the Company's Enterprise Management Incentive (EMI) Plan and Unapproved Option Plan approved by shareholders in January 2015, has granted options over 575,000 ordinary shares each to Raschid Abdullah, Executive Chairman and Osman Abdullah, Chief Executive Officer and options over 300,000 ordinary shares to Paul Negus, Executive Director.

Under this award, Raschid Abdullah has been granted EMI options over 575,000 ordinary shares, Osman Abdullah has been granted Unapproved options over 575,000 ordinary shares and Paul Negus has been granted Unapproved options over 300,000 ordinary shares.

All the options granted have an exercise price of 21.5 pence, being the closing mid-market share price on 30 October 2018 (the last dealing day prior to the date of grant), vest three years from the date of grant and once vested are exercisable at any time up to ten years after the date of grant.

Immediately prior to this grant, Raschid Abdullah's interest in the shares of Petards Group plc was 3,476,909 shares, representing 6.05% of the issued share capital and options over 850,000 shares.

Immediately prior to this grant, Osman Abdullah's interest in the shares of Petards Group plc was 2,139,948 shares representing 3.72% of the issued share capital and options over 2,162,500 shares.

Immediately prior to this grant, Paul Negus' interest in the shares of Petards Group plc was 575,000 shares, representing 1% of the issued share capital.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Raschid Michael 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	213800YPE3U45S6TZT05
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 Identification code	Ordinary shares of 1 pence each ISIN: GB00B4YL8F73
b)	Nature of the transactions	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 21.5 pence 575,000
d)	Aggregated information -     Aggregated volume -     Price	575,000 £123,625
e)	Date of the transaction	31 October 2018
f)	Place of the transaction	London

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	213800YPE3U45S6TZT05
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 Identification code	Ordinary shares of 1 pence each ISIN: GB00B4YL8F73
b)	Nature of the transactions	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 21.5 pence 575,000
d)	Aggregated information -     Aggregated volume -     Price	575,000 £123,625
e)	Date of the transaction	31 October 2018
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Negus
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	213800YPE3U45S6TZT05
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 Identification code	Ordinary shares of 1 pence each ISIN: GB00B4YL8F73
b)	Nature of the transactions	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 21.5 pence 300,000
d)	Aggregated information -     Aggregated volume -     Price	300,000 £64,500
e)	Date of the transaction	31 October 2018
f)	Place of the transaction	London

For further information:

Petards Group plc	www.petards.com
Raschid Abdullah, Chairman	Mb:  07768 905 004
Terry Connolly, Senior Non-Executive Director and Chairman of the Remuneration Committee	Mb:  07870 933 086
WH Ireland Limited, Nomad and Joint Broker	www.whirelandcb.com
Mike Coe / Chris Savidge	Tel:  [phone]
Hybridan LLP, Joint Broker	www.hybridan.com
Claire Louise Noyce	Tel:  [phone] [e-mail]

 

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