Petards Group PLC Director/PDMR Shareholding (0786B)

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RNS Number : 0786B

Petards Group PLC

30 March 2017

30 March 2017

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, has converted GBP7,543 of the outstanding convertible loan notes into 94,287 ordinary shares of 1 pence each at a price of 8 pence per share.

Following the conversion, Mr Abdullah is directly interested in 1,300,405 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 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    Ordinary shares of 1 pence each 
 
       Identification code                                            ISIN: GB00B4YL8F73 
---  -------------------------------------------------------------  -------------------------------- 
 b)   Nature of the transactions                                     Conversion of loan notes 
---  -------------------------------------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)                                          Price(s)    Volume(s) 
                                                                      ----------  ---------- 
                                                                       8 pence     94,287 
                                                                      ----------  ---------- 
---  -------------------------------------------------------------  -------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                        94,287 
                                                                       GBP7,543 
 
         *    Price 
---  -------------------------------------------------------------  -------------------------------- 
 e)   Date of the transaction                                        28 March 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          www.whirelandplc.com 
  and Joint Broker 
 Mike Coe / Ed Allsopp                Tel: [phone] 
 
 Hybridan LLP, Joint Broker             www.hybridan.com 
 Claire Louise Noyce                  Tel: [phone] 
                               [e-mail] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 30, 2017 11:45 ET (15:45 GMT)