REG - Petards Group PLC - Exercise of options

PetardsAnnouncement

16/05/2018 10:10

RNS Number : 2683O
Petards Group PLC
16 May 2018
 

 
16 May 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 700,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the exercise of 700,000 options at 11.625 pence per share, to an entity controlled by Paul Negus, Director, under the Company's share option scheme.
Application has been made for the new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 22 May 2018. The new Ordinary Shares will rank, pari passu, with the existing Ordinary Shares in issue.
Following the transaction outlined above Mr Negus' interest in the share capital of the Company  is 700,000 Ordinary Shares representing 1.2 per cent. of the Company's issued share capital enlarged pursuant to the exercise of options. Neither Mr Negus nor any entity controlled by him, has any further interest in any options.
Total Voting Rights
Following the issue of the new Ordinary Shares, the Company will have 56,468,229 ordinary shares of 1 pence each in issue. No Ordinary Shares are held in treasury. The figure of 56,468,229 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 Joint Broker


www.whirelandcb.com




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


Paul Negus




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


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
 
n/a




b)
 


Nature of the transaction
 


Exercise of options




c)
 


Price(s) and volume(s)


 




Option Price(s)
 


Volume(s)




11.625p each


700,000
 









d)
 


Aggregated information
 
 
- Aggregated volume
 
- Price


 
 
 
700,000
 
£81,375
 




e)
 


Date of the transaction


16 May 2018




f)
 


Place of the transaction


London




 
 



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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