REG - Petards Group PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">PETA.L</Origin>

PetardsAnnouncement

18/12/2017 09:35

RNS Number : 6201Z
Petards Group PLC
18 December 2017
18 December 2017
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
Identification code
Ordinary shares of 1 pence each
ISIN: GB00B4YL8F73
b)
Nature of the transactions
Conversion of loan notes
c)
Price(s) and volume(s)
Price(s)
Volume(s)
8 pence
2,317,950
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
Identification code
Ordinary shares of 1 pence each
ISIN: GB00B4YL8F73
b)
Nature of the transactions
Conversion of loan notes
c)
Price(s) and volume(s)
Price(s)
Volume(s)
8 pence
584,637
d)
Aggregated information
- Aggregated volume
- Price
584,637
46,771
e)
Date of the transaction
15 December 2017
f)
Place of the transaction
London Stock Exchange, AIM


Contacts:
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
claire.noyce@hybridan.com

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