Last checked at 9 Sep 2016 07:00
9 September 2016
Petards Group plc
("Petards" or "the Company")
PDMR Dealing
Petards, the AIM quoted developer of advanced security and surveillance systems, announces that that it has been informed that on 8 September 2016 Osman Abdullah, Director, converted £31,500 of convertible loan notes in the Company at a conversion price of 8 pence into 393,750 new ordinary shares of 1 pence each.
Following the conversion Mr O Abdullah has an interest in 1,601,948 ordinary shares in the Company (representing approximately 4.5 per cent. of the Company's issued share capital) and in convertible loan notes amounting to £118,771.
Total Voting Rights
In conformity with the Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6.1(R), the Company would like to notify the market of the following.
Following the above conversion and as at 8 September 2016 the Company's capital consisted of 35,544,389 ordinary shares of 1 pence each. All of these shares carry voting rights of one vote per share. The Company does not hold any shares in treasury.
The above figure may be used by 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.
The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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
|
| ||||
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
| Acquisition of shares following conversion of £31,500 of loan notes at conversion price of 8p. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
n/a
| ||||
e)
| Date of the transaction
| 8 September 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||
**ENDS**
For further information:
Petards Group plc | www.petards.com |
Raschid Abdullah, Chairman | Mb: 07768 905 004 |
WH Ireland Limited, Nomad and Joint Broker | www.wh-ireland.co.uk |
Mike Coe / Ed Allsopp | Tel: 0117 945 3470 |
Hybridan LLP, Joint Broker | www.hybridan.com |
Claire Louise Noyce | Tel: 020 3764 2341
|
Notes
Petards is a 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. Fixed site, mobile, re-deployable and hand-held ANPR systems together with the integrating software, are also offered by the Petards subsidiary QRO Solutions enabling coverage across many of the UK's police forces. The Provida brand has also 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.