Petards Group PLC PDMR Dealing (3634J)

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RNS Number : 3634J

Petards Group PLC

09 September 2016

9 September 2016

Petards Group plc

("Petards" or "the Company")

PDMR Dealing

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that that it has been informed that on 8 September 2016 Osman Abdullah, Director, converted GBP31,500 of convertible loan notes in the Company at a conversion price of 8 pence into 393,750 new ordinary shares of 1 pence each.

Following the conversion Mr O Abdullah has an interest in 1,601,948 ordinary shares in the Company (representing approximately 4.5 per cent. of the Company's issued share capital) and in convertible loan notes amounting to GBP118,771.

Total Voting Rights

In conformity with the Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6.1(R), the Company would like to notify the market of the following.

Following the above conversion and as at 8 September 2016 the Company's capital consisted of 35,544,389 ordinary shares of 1 pence each. All of these shares carry voting rights of one vote per share. The Company does not hold any shares in treasury.

The above figure may be used by 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.

The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------- 
 a)   Name                        Osman Abdullah 
---  -------------------------  -------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------- 
 a)   Position/status            Director 
---  -------------------------  -------------------------------- 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------- 
 a)   Name                       Petards Group plc 
---  -------------------------  -------------------------------- 
 b)   LEI 
---  -------------------------  -------------------------------- 
 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              Ordinary shares of 1p each 
       the financial               GB00B4YL8F73 
       instrument, type 
       of instrument 
       Identification 
       code 
---  -------------------------  -------------------------------- 
 b)   Nature of the              Acquisition of shares following 
       transaction                conversion of GBP31,500 of 
                                  loan notes at conversion 
                                  price of 8p. 
---  -------------------------  -------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    8p         393,750 
                                   ---------  ---------- 
---  -------------------------  -------------------------------- 
 d)   Aggregated information      n/a 
       - Aggregated volume 
       - Price 
---  -------------------------  -------------------------------- 
 e)   Date of the transaction    8 September 2016 
---  -------------------------  -------------------------------- 
 f)   Place of the transaction   London Stock Exchange, AIM 
---  -------------------------  -------------------------------- 
 

**ENDS**

For further information:

 
 Petards Group plc            www.petards.com 
 Raschid Abdullah, Chairman   Mb: 07768 905 004 
 
 WH Ireland Limited, Nomad    www.wh-ireland.co.uk 
  and Joint Broker 
 Mike Coe / Ed Allsopp        Tel: [phone] 
 
 Hybridan LLP, Joint Broker   www.hybridan.com 
 Claire Louise Noyce          Tel: [phone] 
 
 

Notes

Petards is a global supplier of products to original equipment manufacturers ('OEMs'), system integrators and end users in the rail, security and defence markets in new build, refurbishment and retrofit applications. The Company delivers ruggedised electronic solutions including video and sensor data surveillance, radio communications and threat simulation systems on mobile platforms. Petards offers a range of services, supporting its own and third party systems, spanning custom development, manufacturing, commissioning, maintenance and obsolescence management. Further information on its three product areas is included below:

Transport

Petards' market-leading eyeTrain technology provides leading edge products for on-board train video and sensing solutions, including Driver Only Operation Systems, Passenger Counting Systems, Saloon and Drivers View Video and Condition Based Monitoring. These systems have been chosen for installation on thousands of rail vehicles around the globe, helping to reduce operating costs, increase safety and improve passenger satisfaction.

Emergency Services

Petards' ProVida is one of the world's leading in-car police speed detection, surveillance and ANPR (Automatic Number Plate Recognition) brands, comprising four components: In-Car Video, Speed Enforcement, ANPR Systems and ANPR cameras. Fixed site, mobile, re-deployable and hand-held ANPR systems together with the integrating software, are also offered by the Petards subsidiary QRO Solutions enabling coverage across many of the UK's police forces. The Provida brand has also stretched to over 20 countries.

Defence

Petards provide a range of specialist engineering services to the defence sector. The Company has established a strong reputation for being a responsive, flexible and reliable partner in delivering challenging military programmes. Petards excels in the disciplines of Communications and Information Systems, Electronic Countermeasure Systems, Ruggedised Electronic Control Systems and in the provision of Engineering Services to UK MoD and other NATO countries.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 09, 2016 02:00 ET (06:00 GMT)