REG - Petards Group PLC - Correction: Director/PDMR Shareholding

PetardsAnnouncement

23/03/2018 15:40

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RNS Number : 8164I
Petards Group PLC
23 March 2018
 
The following amendment has been made to the 'Director/PDMR Shareholding' announcement released on 18 December 2017 at 09:30 a.m. under RNS No 6201Z.
The original announcement incorrectly stated that Osman Abdullah converted £46,771 of convertible loan notes into 584,637 ordinary shares, when it should have read that he converted £89,811 of convertible loan notes into 1,122,637 ordinary shares.
 
All other details remain unchanged.
 
23 March 2018
PETARDS GROUP PLC
("Petards" or the "Group")
 
Director/PDMR Shareholding
Petards, the AIM quoted software developer of advanced security and
surveillance systems, announces that it has received notification that Raschid
Abdullah, Chairman, and Osman Abdullah, Group Chief Executive, have
respectively converted £185,436 and £46,771 of convertible loan notes into
2,317,950 and 584,637 ordinary shares of 1 pence, each at a price of 8 pence
per share.
Following the conversion, Mr Raschid Abdullah is directly interested in
3,476,922 ordinary shares and Mr Osman Abdullah is interested in 2,186,585
ordinary shares.
This announcement includes inside information as defined in Article 7 of the
Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the
Company's obligations under Article 17 of those Regulations.
The information below, set out 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 Michael Abdullah
 2   Reason for the notification
 a)  Position/status                                              Chairman
 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  Ordinary shares of 1 pence each
     Identification code
                                                                  ISIN: GB00B4YL8F73
 b)  Nature of the transactions                                   Conversion of loan notes
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  8pence   2,317,950
 d)  Aggregated information
     -     Aggregated volume                                      2,317,950
     -     Price                                                  £185,436
 e)  Date of the transaction                                      15 December 2017
 f)  Place of the transaction                                     London Stock Exchange, AIM
d)
Aggregated information
-     Aggregated volume
-     Price
 
2,317,950
£185,436
e)
Date of the transaction
15 December 2017
f)
Place of the transaction
London Stock Exchange, AIM
 
 
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Osman Abdullah
 2   Reason for the notification
 a)  Position/status                                              Group Chief Executive
 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  Ordinary shares of 1 pence each
     Identification code
                                                                  ISIN: GB00B4YL8F73
 b)  Nature of the transactions                                   Conversion of loan notes
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  8pence   1,122,637
 d)  Aggregated information
     -     Aggregated volume                                      1,122,637
     -     Price                                                  £89,810.96
 e)  Date of the transaction                                      15 December 2017
 f)  Place of the transaction                                     London Stock Exchange, AIM
d)
Aggregated information
-     Aggregated volume
-     Price
 
1,122,637
£89,810.96
e)
Date of the transaction
15 December 2017
f)
Place of the transaction
London Stock Exchange, AIM
 
 
 
 
Contacts:
 
 
 Petards Group plc                           www.petards.com (http://www.petards.com)
 Raschid Abdullah, Chairman                  Mb:  07768 905 004
 WH Ireland Limited, Nomad and Joint Broker  www.whirelandcb.com (http://www.whirelandcb.com)
 Mike Coe / Ed Allsopp                       Tel:  0117 945 3470
 Hybridan LLP, Joint Broker                  www.hybridan.com (http://www.hybridan.com)
 Claire Louise Noyce                         Tel:  020 3764 2341
                                             claire.noyce@hybridan.com
 
This information is provided by RNS
The company news service from the London Stock Exchange