Director/PDMR Shareholdings

RNS Number : 5739Q

Petards Group PLC

07 June 2018

 

7 June 2018

PETARDS GROUP PLC

("Petards" or the "Group")

 

Director/PDMR Shareholdings

Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has received notification that Raschid Abdullah, Chairman, has sold 1,000,000 ordinary shares at a price of 22.5 pence each.  Following the sale, Mr Abdullah is directly interested in 2,476,909 ordinary shares representing 4.4 per cent. of the company's issued share capital. Mr Abdullah is also directly interested in options over 1,000,000 ordinary shares which are exercisable until 24 November 2023 and a further 850,000 ordinary shares first exercisable on 6 January 2019 expiring 5 January 2026.

Additionally, notification was received that Adcel Limited, an entity controlled by Paul Negus, director, has sold 50,000 ordinary shares.  Following the sale, Mr Negus is directly interested in 575,000 ordinary shares representing 1.0 per cent. of the company's 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 Abdullah
2	Reason for the notification
a)	Position/status	Chairman
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	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 22.50 pence 1,000,000
d)	Aggregated information -     Aggregated volume -     Price	1,000,000 £225,0000
e)	Dates of the transactions	5 June 2018
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Adcel Limited, an entity controlled by 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	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 24.50 pence 50,000
d)	Aggregated information -     Aggregated volume -     Price	50,000 £12,250
e)	Dates of the transactions	5 June 2018
f)	Place of the transaction	London Stock Exchange, AIM

Contacts:

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

 

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