Last checked at 24 Apr 2015 15:30
24 April 2015
Petards Group plc
("Petards" or the "Company")
Grant of Share Options
Petards, the AIM quoted developer of advanced security and surveillance systems, announces that options over 700,000 new ordinary shares in the Company were granted on 24 April 2015 to Adcel Limited a company controlled by Paul Negus, a director of Petards. The options have an exercise price of 11.625p, being the closing mid-market share price on 23 April 2015 (the latest possible date prior to the date of award) and are exercisable after three years.
For further information:
Petards Group plc | www.petards.com |
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Raschid Abdullah, Chairman | Mb: 07768 905 004 |
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Andy Wonnacott, Finance Director | Tel: 0191 420 3000 |
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WH Ireland Limited, Nomad and Joint Broker | www.wh-ireland.co.uk |
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Mike Coe, Ed Allsopp | Tel: 0117 945 3470 |
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Hybridan LLP, Joint Broker | www.hybridan.com | |
Claire Louise Noyce
| Tel: 020 3713 4581 claire.noyce@hybridan.com | |
St Brides Partners Ltd | www.stbridespartners.co.uk | |
Elisabeth Cowell, Charlotte Heap | Tel: 020 7236 1177 | |
Notes for Editors
Petards is a cash generative global supplier of products to original equipment manufacturers ('OEMs'), system integrators and end users in the rail, security and defence markets in new build, refurbishment and retrofit applications. The Company delivers ruggedised electronic solutions including video and sensor data surveillance, radio communications and threat simulation systems on mobile platforms. Petards offers a range of services, supporting its own and third party systems, spanning custom development, manufacturing, commissioning, maintenance and obsolescence management. Further information on its three product areas is included below:
Transport
Petards' market-leading eyeTrain technology provides leading edge products for on-board train video and sensing solutions, including Driver Only Operation Systems, Passenger Counting Systems, Saloon and Drivers View Video and Condition Based Monitoring. These systems have been chosen for installation on thousands of rail vehicles around the globe, helping to reduce operating costs, increase safety and improve passenger satisfaction.
Emergency Services
Petards' ProVida is one of the world's leading in-car police speed detection, surveillance and ANPR (Automatic Number Plate Recognition) brands, comprising four components: In-Car Video, Speed Enforcement, ANPR Systems and ANPR cameras. As well as Petards' systems being used by many of the UK's police forces, the brand has stretched to over 20 countries.
Defence
Petards provide a range of specialist engineering services to the defence sector. The Company has established a strong reputation for being a responsive, flexible and reliable partner in delivering challenging military programmes. Petards excels in the disciplines of Communications and Information Systems, Electronic Countermeasure Systems, Ruggedised Electronic Control Systems and in the provision of Engineering Services to UK MoD and other NATO countries.