Grant of Share Options

RNS Number : 3071L

Petards Group PLC

24 April 2015

 

24 April 2015

Petards Group plc

("Petards" or the "Company")

Grant of Share Options

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that options over 700,000 new ordinary shares in the Company were granted on 24 April 2015 to Adcel Limited a company controlled by Paul Negus, a director of Petards.  The options have an exercise price of 11.625p, being the closing mid-market share price on 23 April 2015 (the latest possible date prior to the date of award) and are exercisable after three years.

For further information:

Petards Group plc	www.petards.com
Raschid Abdullah, Chairman	Mb:  07768 905 004
Andy Wonnacott, Finance Director	Tel: [phone]
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] [e-mail]
St Brides Partners Ltd	www.stbridespartners.co.uk
Elisabeth Cowell, Charlotte Heap	Tel: [phone]

Notes for Editors

Petards is a cash generative 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.  As well as Petards' systems being used by many of the UK's police forces, the brand has 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.

 

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