Petards Group PLC Exercise of Options (1414R)

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RNS Number : 1414R

Petards Group PLC

12 June 2018

12 June 2018

Petards Group plc

("Petards" or "the Company")

Exercise of Options

PDMR Shareholding

Petards, the AIM quoted developer of advanced security and surveillance systems announces that is has issued 1,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the exercise of 1,000,000 options at 8 pence per share by Raschid Abdullah, Chairman.

Application has been made for the new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 15 June 2018. The new Ordinary Shares will rank, pari passu, with the existing Ordinary Shares in issue.

Following the transaction outlined above Mr Abdullah's interest in the share capital of the Company will be 3,476,909 Ordinary Shares representing 6.1 per cent. of the Company's issued share capital. Mr Abdullah also has a further interest in 755,102 options.

Total Voting Rights

Following the issue of the new Ordinary Shares, the Company will have 57,468,229 ordinary shares of 1 pence each in issue. No Ordinary Shares are held in treasury. The figure of 57,468,229 may be used by the Company's 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.

For further information:

 
 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] 
 
 

The below notification made 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            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                             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               Ordinary shares of 1p each 
       financial instrument,            GB00B4YL8F73 
       type of instrument 
       Identification code 
---  ------------------------------  ----------------------------------- 
 b)   Nature of the transaction       Exercise of options 
---  ------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)            Option Price(s)    Volume(s) 
                                        -----------------  ---------- 
                                         8.0p each          1,000,000 
                                        -----------------  ---------- 
---  ------------------------------  ----------------------------------- 
 d)   Aggregated information           1,000,000 
       - Aggregated volume              GBP80,000 
       - Price 
---  ------------------------------  ----------------------------------- 
 e)   Date of the transaction         11 June 2018 
---  ------------------------------  ----------------------------------- 
 f)   Place of the transaction        Off market 
---  ------------------------------  ----------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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June 12, 2018 08:15 ET (12:15 GMT)