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Petards Group PLC (PEG)

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Wednesday 07 November, 2018

Petards Group PLC

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:  0117 945 3470

 

 

Hybridan LLP, Joint Broker

www.hybridan.com

 

Claire Louise Noyce

 

Tel:  0203 764 2341

[email protected]

 

 


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