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Petards Group PLC (PEG)

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Thursday 11 May, 2017

Petards Group PLC

Exercise of options and Director/PDMR Shareholding

RNS Number : 7918E
Petards Group PLC
11 May 2017
 

11 May 2017

PETARDS GROUP PLC

("Petards" or the "Group")

 

Exercise of Options

Director/PDMR Shareholding

Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has issued and allotted 312,500 ordinary shares of 1 pence each ("Ordinary Shares") pursuant to the exercise of share options by Raschid Abdullah, Chairman.

Following the exercise and issue, Mr Abdullah is directly interested in 1,471,472 ordinary shares.

Application has been made for the 312,500 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or about 8.00 a.m. on 12 May 2017 ("Admission").

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following this transaction its issued share capital will consist of 36,258,262 Ordinary Shares of 1 pence each of which none are held in Treasury. Therefore, the total number of voting rights in the Company is 36,258,262. Shareholders may use these figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

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 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

N/A

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

Exercise of options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

8 pence (exercise price)

312,500

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

312,500

£25,000

e)

Date of the transaction

10 May 2017

f)

Place of the transaction

N/A

 

 

 

 

Contacts:

 

 

Petards Group plc

www.petards.com

Raschid Abdullah, Chairman

Mb:  07768 905 004



WH Ireland Limited, Nomad and Joint Broker

www.whirelandplc.com

Mike Coe / Ed Allsopp

Tel:  0117 945 3470



Hybridan LLP, Joint Broker

www.hybridan.com

Claire Louise Noyce

 

Tel:  020 3764 2341

[email protected]

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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