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Petards Group PLC (PEG)

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Monday 23 July, 2018

Petards Group PLC

Grant of Options

RNS Number : 4909V
Petards Group PLC
23 July 2018
 

23 July 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 approved by shareholders in January 2015, has granted options over 120,000 ordinary shares to Tim Coker, a senior employee of the Group.

 

All the options granted have an exercise price of 24.50p, being the closing mid-market share price on 20 July 2018 (the latest possible date 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.

 

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

Tim Coker

2

Reason for the notification

a)

Position/status

Employee

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)

24.5 pence

120,000

d)

Aggregated information

-     Aggregated volume

-     Price

 

120,000

£29,400

e)

Date of the transaction

23 July 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 / Ed Allsopp

Tel:  0117 945 3470

 



 

Hybridan LLP, Joint Broker

www.hybridan.com

Claire Louise Noyce

 

Tel:  0203 764 2341

[email protected]

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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