Petards Group PLC Exercise of options and Director/PDMR Shareholding (7918E)

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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   Ordinary shares of 1 pence each 
 
       Identification code 
                                                                     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                                       312,500 
                                                                      GBP25,000 
 
         *    Price 
---  ------------------------------------------------------------  ---------------------------------------- 
 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          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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May 11, 2017 02:01 ET (06:01 GMT)