Last checked at 7 Jun 2018 07:00
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
Identification code | Ordinary shares of 1 pence each
ISIN: GB00B4YL8F73 | ||||
b) | Nature of the transactions | Sale of ordinary shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
1,000,000 £225,0000 | ||||
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
Identification code | Ordinary shares of 1 pence each
ISIN: GB00B4YL8F73 | ||||
b) | Nature of the transactions | Sale of ordinary shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
50,000 £12,250 | ||||
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 Joint Broker | www.whirelandcb.com |
Mike Coe / Ed Allsopp | Tel: 0117 945 3470 |
Hybridan LLP, Joint Broker | www.hybridan.com |
Claire Louise Noyce
| Tel: 020 3764 2341 claire.noyce@hybridan.com |