Petards Group PLC Exercise of Options (1414R)
12 June 2018 - 10:15PM
UK Regulatory
TIDMPEG
RNS Number : 1414R
Petards Group PLC
12 June 2018
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
WH Ireland Limited, Nomad and www.whirelandcb.com
Joint Broker
Mike Coe, Ed Allsopp Tel: 0117 945 3470
Hybridan LLP, Joint Broker www.hybridan.com
Claire Louise Noyce Tel: 020 3764 2341
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 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 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 Ordinary shares of 1p each
financial instrument, GB00B4YL8F73
type of instrument
Identification code
--- ------------------------------ -----------------------------------
b) Nature of the transaction Exercise of options
--- ------------------------------ -----------------------------------
c) Price(s) and volume(s) Option Price(s) Volume(s)
----------------- ----------
8.0p each 1,000,000
----------------- ----------
--- ------------------------------ -----------------------------------
d) Aggregated information 1,000,000
- Aggregated volume GBP80,000
- Price
--- ------------------------------ -----------------------------------
e) Date of the transaction 11 June 2018
--- ------------------------------ -----------------------------------
f) Place of the transaction Off market
--- ------------------------------ -----------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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