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12 Jun 2018 13:15
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 |
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WH Ireland Limited, Nomad and Joint Broker | www.whirelandcb.com |
Mike Coe, Ed Allsopp | Tel: 0117 945 3470 |
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Hybridan LLP, Joint Broker | www.hybridan.com |
Claire Louise Noyce | Tel: 020 3764 2341 |
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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 /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 1p each
GB00B4YL8F73 | ||||
b)
| Nature of the transaction
| Exercise of options | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
1,000,000
£80,000
| ||||
e)
| Date of the transaction | 11 June 2018 | ||||
f)
| Place of the transaction | Off market | ||||
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