REG - Petards Group PLC - Grant of Options

PetardsAnnouncement

29/04/2019 07:05

RNS Number : 3087X
Petards Group PLC
29 April 2019
 


29 April 2019
 
Petards Group plc
("Petards" or the "Company" or "the Group")
 
Grant of Share Options
 
Petards, the AIM quoted developer of advanced security and surveillance systems, announces that its Remuneration Committee in accordance with the rules of the Company's Enterprise Management Incentive (EMI) Plan and Unapproved Option Plan approved by shareholders in January 2015, has granted options over 75,000 ordinary shares to Grant Harley, a senior employee of the Group.
 
All the options granted have an exercise price of 23.5 pence, being the closing mid-market share price on 26 April 2019 (the last dealing day prior to the date of grant), vest three years from the date of grant and once vested are exercisable at any time up to ten years after the date of grant.
 
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


Grant Harley




2


Reason for the notification




a)


Position/status


Employee




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


Grant of Options




c)


Price(s) and volume(s)





Price(s)


Volume(s)




23.5 pence


75,000








d)


Aggregated information
-     Aggregated volume
-     Price


 
75,000
£17,625




e)


Date of the transaction


26 April 2019




f)


Place of the transaction


London



 
 
 
 
 
 
 
 
 
 
 
 
 
For further information:
 



Petards Group plc


www.petards.com




Raschid Abdullah, Chairman


Mb:  07768 905 004




Terry Connolly, Senior Non-Executive Director
and Chairman of the Remuneration Committee


Mb:  07870 933 086














WH Ireland Limited, Nomad and Joint Broker


www.whirelandcb.com




Mike Coe / Chris Savidge


Tel:  0117 945 3470














Hybridan LLP, Joint Broker


www.hybridan.com


 




Claire Louise Noyce
 


Tel:  0203 764 2341
claire.noyce@hybridan.com


 



 




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