Petards Group PLC PDMR Dealing (3634J)
09 September 2016 - 4:00PM
UK Regulatory
TIDMPEG
RNS Number : 3634J
Petards Group PLC
09 September 2016
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 GBP31,500
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 GBP118,771.
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 Initial Notification
/Amendment
--- ------------------------- --------------------------------
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 Ordinary shares of 1p each
the financial GB00B4YL8F73
instrument, type
of instrument
Identification
code
--- ------------------------- --------------------------------
b) Nature of the Acquisition of shares following
transaction conversion of GBP31,500 of
loan notes at conversion
price of 8p.
--- ------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
8p 393,750
--------- ----------
--- ------------------------- --------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
--- ------------------------- --------------------------------
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 www.wh-ireland.co.uk
and Joint Broker
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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