Petards Group PLC Exercise of options (2683O)

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RNS Number : 2683O

Petards Group PLC

16 May 2018

16 May 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 700,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the exercise of 700,000 options at 11.625 pence per share, to an entity controlled by Paul Negus, Director, under the Company's share option scheme.

Application has been made for the new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 22 May 2018. The new Ordinary Shares will rank, pari passu, with the existing Ordinary Shares in issue.

Following the transaction outlined above Mr Negus' interest in the share capital of the Company is 700,000 Ordinary Shares representing 1.2 per cent. of the Company's issued share capital enlarged pursuant to the exercise of options. Neither Mr Negus nor any entity controlled by him, has any further interest in any options.

Total Voting Rights

Following the issue of the new Ordinary Shares, the Company will have 56,468,229 ordinary shares of 1 pence each in issue. No Ordinary Shares are held in treasury. The figure of 56,468,229 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    www.whirelandcb.com 
  and 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                       Paul Negus 
---  -------------------------  -------------------------------- 
 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                        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              Ordinary shares of 1p each 
       the financial               n/a 
       instrument, type 
       of instrument 
       Identification 
       code 
---  -------------------------  -------------------------------- 
 b)   Nature of the              Exercise of options 
       transaction 
---  -------------------------  -------------------------------- 
 c)   Price(s) and volume(s)       Option Price(s)    Volume(s) 
                                   -----------------  ---------- 
                                    11.625p each       700,000 
                                   -----------------  ---------- 
---  -------------------------  -------------------------------- 
 d)   Aggregated information      700,000 
       - Aggregated volume         GBP81,375 
       - Price 
---  -------------------------  -------------------------------- 
 e)   Date of the transaction    16 May 2018 
---  -------------------------  -------------------------------- 
 f)   Place of the transaction   London 
---  -------------------------  -------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 16, 2018 05:10 ET (09:10 GMT)