Petards Group PLC Director/PDMR Shareholdings (5739Q)

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RNS Number : 5739Q

Petards Group PLC

07 June 2018

7 June 2018

PETARDS GROUP PLC

("Petards" or the "Group")

Director/PDMR Shareholdings

Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has received notification that Raschid Abdullah, Chairman, has sold 1,000,000 ordinary shares at a price of 22.5 pence each. Following the sale, Mr Abdullah is directly interested in 2,476,909 ordinary shares representing 4.4 per cent. of the company's issued share capital. Mr Abdullah is also directly interested in options over 1,000,000 ordinary shares which are exercisable until 24 November 2023 and a further 850,000 ordinary shares first exercisable on 6 January 2019 expiring 5 January 2026.

Additionally, notification was received that Adcel Limited, an entity controlled by Paul Negus, director, has sold 50,000 ordinary shares. Following the sale, Mr Negus is directly interested in 575,000 ordinary shares representing 1.0 per cent. of the company's issued share capital.

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                                                            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    Ordinary shares of 1 pence each 
 
       Identification code 
                                                                      ISIN: GB00B4YL8F73 
     -------------------------------------------------------------  -------------------------------- 
 b)   Nature of the transactions                                     Sale of ordinary shares 
     -------------------------------------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)                                          Price(s)       Volume(s) 
                                                                       22.50 pence    1,000,000 
                                                                                     ---------- 
     -------------------------------------------------------------  -------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                        1,000,000 
                                                                       GBP225,0000 
 
         *    Price 
     -------------------------------------------------------------  -------------------------------- 
 e)   Dates of the transactions                                      5 June 2018 
     -------------------------------------------------------------  -------------------------------- 
 f)   Place of the transaction                                       London Stock Exchange, AIM 
     -------------------------------------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Adcel Limited, an entity controlled by 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   Ordinary shares of 1 pence each 
 
       Identification code 
                                                                     ISIN: GB00B4YL8F73 
     ------------------------------------------------------------  -------------------------------------------------- 
 b)   Nature of the transactions                                    Sale of ordinary shares 
     ------------------------------------------------------------  -------------------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)       Volume(s) 
                                                                      24.50 pence    50,000 
                                                                                    ---------- 
     ------------------------------------------------------------  -------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                       50,000 
                                                                      GBP12,250 
 
         *    Price 
     ------------------------------------------------------------  -------------------------------------------------- 
 e)   Dates of the transactions                                     5 June 2018 
     ------------------------------------------------------------  -------------------------------------------------- 
 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 and          www.whirelandcb.com 
  Joint Broker 
 Mike Coe / Ed Allsopp                   Tel: [phone] 
 
 Hybridan LLP, Joint Broker                www.hybridan.com 
 Claire Louise Noyce                     Tel: [phone] 
                                  [e-mail] 
 

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June 07, 2018 02:01 ET (06:01 GMT)