Correction: Director/PDMR Shareholding

RNS Number : 8164I

Petards Group PLC

23 March 2018

 

The following amendment has been made to the 'Director/PDMR Shareholding' announcement released on 18 December 2017 at 09:30 a.m. under RNS No 6201Z.

The original announcement incorrectly stated that Osman Abdullah converted £46,771 of convertible loan notes into 584,637 ordinary shares, when it should have read that he converted £89,811 of convertible loan notes into 1,122,637 ordinary shares.

 

All other details remain unchanged.

 

23 March 2018

PETARDS GROUP PLC

("Petards" or the "Group")

 

Director/PDMR Shareholding

Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has received notification that Raschid Abdullah, Chairman, and Osman Abdullah, Group Chief Executive, have respectively converted £185,436 and £46,771 of convertible loan notes into 2,317,950 and 584,637 ordinary shares of 1 pence, each at a price of 8 pence per share.

Following the conversion, Mr Raschid Abdullah is directly interested in 3,476,922 ordinary shares and Mr Osman Abdullah is interested in 2,186,585 ordinary shares.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

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	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	Conversion of loan notes
c)	Price(s) and volume(s)	Price(s) Volume(s) 8 pence 2,317,950
d)	Aggregated information -     Aggregated volume -     Price	2,317,950 £185,436
e)	Date of the transaction	15 December 2017
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Osman Abdullah
2	Reason for the notification
a)	Position/status	Group Chief Executive
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	Conversion of loan notes
c)	Price(s) and volume(s)	Price(s) Volume(s) 8 pence 1,122,637
d)	Aggregated information -     Aggregated volume -     Price	1,122,637 £89,810.96
e)	Date of the transaction	15 December 2017
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]

 

END

 

 

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