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Petards Group PLC (PEG)

  Print          Annual reports

Wednesday 16 May, 2018

Petards Group PLC

Exercise of options

RNS Number : 2683O
Petards Group PLC
16 May 2018
 

 

16 May 2018

 

Petards Group plc

("Petards" or "the Company")

 

Exercise of Options

PDMR Shareholding

 

Petards, the AIM quoted developer of advanced security and surveillance systems announces that is has issued 700,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the exercise of 700,000 options at 11.625 pence per share, to an entity controlled by Paul Negus, Director, under the Company's share option scheme.

Application has been made for the new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 22 May 2018. The new Ordinary Shares will rank, pari passu, with the existing Ordinary Shares in issue.

Following the transaction outlined above Mr Negus' interest in the share capital of the Company  is 700,000 Ordinary Shares representing 1.2 per cent. of the Company's issued share capital enlarged pursuant to the exercise of options. Neither Mr Negus nor any entity controlled by him, has any further interest in any options.

Total Voting Rights

Following the issue of the new Ordinary Shares, the Company will have 56,468,229 ordinary shares of 1 pence each in issue. No Ordinary Shares are held in treasury. The figure of 56,468,229 may be used by the Company's shareholders 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 FCA's Disclosure Guidance and Transparency Rules.

 

For further information:

 

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:  0117 945 3470



Hybridan LLP, Joint Broker

www.hybridan.com

Claire Louise Noyce

Tel:  020 3764 2341



The below notification made 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

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 1p each

 

n/a

b)

 

Nature of the transaction

 

Exercise of options

c)

 

Price(s) and volume(s)

 

Option Price(s)

 

Volume(s)

11.625p each

700,000

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

700,000

 

£81,375

 

e)

 

Date of the transaction

16 May 2018

f)

 

Place of the transaction

London

 

 


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