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7 Nov 2018 10:26
7 November 2018
Petards Group plc
("Petards" or the "Company" or "the Group")
Grant of Share Options
Petards, the AIM quoted developer of advanced security and surveillance systems, announces that its Remuneration Committee, in accordance with the rules of the Company's Enterprise Management Incentive (EMI) Plan and Unapproved Option Plan approved by shareholders in January 2015, has granted options over 575,000 ordinary shares each to Raschid Abdullah, Executive Chairman and Osman Abdullah, Chief Executive Officer and options over 300,000 ordinary shares to Paul Negus, Executive Director.
Under this award, Raschid Abdullah has been granted EMI options over 575,000 ordinary shares, Osman Abdullah has been granted Unapproved options over 575,000 ordinary shares and Paul Negus has been granted Unapproved options over 300,000 ordinary shares.
All the options granted have an exercise price of 21.5 pence, being the closing mid-market share price on 30 October 2018 (the last dealing day prior to the date of grant), vest three years from the date of grant and once vested are exercisable at any time up to ten years after the date of grant.
Immediately prior to this grant, Raschid Abdullah's interest in the shares of Petards Group plc was 3,476,909 shares, representing 6.05% of the issued share capital and options over 850,000 shares.
Immediately prior to this grant, Osman Abdullah's interest in the shares of Petards Group plc was 2,139,948 shares representing 3.72% of the issued share capital and options over 2,162,500 shares.
Immediately prior to this grant, Paul Negus' interest in the shares of Petards Group plc was 575,000 shares, representing 1% of the 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 Michael Abdullah | ||||
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 Identification code | Ordinary shares of 1 pence each
ISIN: GB00B4YL8F73 | ||||
b) | Nature of the transactions | Grant of Options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
575,000 £123,625 | ||||
e) | Date of the transaction | 31 October 2018 | ||||
f) | Place of the transaction | London | ||||
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/ 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 Identification code | Ordinary shares of 1 pence each
ISIN: GB00B4YL8F73 | ||||
b) | Nature of the transactions | Grant of Options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
575,000 £123,625 | ||||
e) | Date of the transaction | 31 October 2018 | ||||
f) | Place of the transaction | London | ||||
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/ 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 Identification code | Ordinary shares of 1 pence each
ISIN: GB00B4YL8F73 | ||||
b) | Nature of the transactions | Grant of Options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
300,000 £64,500 | ||||
e) | Date of the transaction | 31 October 2018 | ||||
f) | Place of the transaction | London | ||||
For further information:
Petards Group plc | www.petards.com | |
Raschid Abdullah, Chairman | Mb: 07768 905 004 | |
Terry Connolly, Senior Non-Executive Director and Chairman of the Remuneration Committee | Mb: 07870 933 086 | |
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WH Ireland Limited, Nomad and Joint Broker | www.whirelandcb.com | |
Mike Coe / Chris Savidge | Tel: 0117 945 3470 | |
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Hybridan LLP, Joint Broker | www.hybridan.com |
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Claire Louise Noyce
| Tel: 0203 764 2341 claire.noyce@hybridan.com |
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