REG - Petards Group PLC - Grant of Share Options
09/02/2026 07:00
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RNS Number : 1312S Petards Group PLC 09 February 2026
9 February 2026
Petards Group plc
("Petards" or the "Company" or "the Group")
Grant of Share Options
Petards Group plc (AIM: PEG), the AIM quoted developer of advanced security,
communication and surveillance systems, announces the following changes to
share options issued under the Company's Enterprise Management Incentive (EMI)
and Unapproved Option Plans.
The Board of directors announces the cancellation of EMI options over 575,000
ordinary shares, granted under a scheme that has now lapsed, to Raschid
Abdullah and Unapproved options over 575,000 ordinary shares granted to Osman
Abdullah, all with exercise prices of 21.5 pence per share and expiry dates of
30 October 2028. This follows the lapse on 5 January 2026 of EMI options
over 755,102 ordinary shares and Unapproved options over 84,898 ordinary
shares with exercise prices of 12.25p issued in October 2016 to each of
Raschid Abdullah and Osman Abdullah.
Following the above cancellations and after consideration by the Company's
Remuneration Committee, the Board, in accordance with the rules of the
Company's 2025 Enterprise Management Incentive (EMI) and Unapproved Option
Plan, has granted EMI options over a total of 4,000,000 ordinary shares to
senior employees of the Group.
Under this award, Raschid Abdullah (Executive Chairman) and Osman Abdullah
(Chief Executive Officer) have each been granted EMI options over 1,500,000
ordinary shares and Ben Gillam (Group Financial Controller and Company
Secretary) has been granted EMI options over 1,000,000 ordinary shares.
All the options granted have an exercise price of 10.25 pence, being the
closing mid-market share price on 5 February 2026 (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.
Immediately prior to this grant, Raschid Abdullah's interest in the shares of
Petards Group plc was 3,676,909 shares, representing 6.06% of the issued share
capital (excluding those held in Treasury) and he held no options over its
shares.
Immediately prior to this grant, Osman Abdullah's interest in the shares of
Petards Group plc was 2,419,948 shares representing 3.99% of the issued share
capital (excluding those held in Treasury) and he held no options over its
shares.
Following these grants of EMI options, the Company has a total of 4,080,000
share options in issue, which represents 6.7% of the current issued share
capital (excluding those held in Treasury).
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 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 Ordinary shares of 1 pence each
Identification code
ISIN: GB00B4YL8F73
b) Nature of the transactions Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
10.25 pence 1,500,000
d) Aggregated information
- Aggregated volume 1,500,000
- Price £153,750
e) Date of the transaction 6 February 2026
f) Place of the transaction London
d)
Aggregated information
- Aggregated volume
- Price
1,500,000
£153,750
e)
Date of the transaction
6 February 2026
f)
Place of the transaction
London
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Osman Abdullah
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 Ordinary shares of 1 pence each
Identification code
ISIN: GB00B4YL8F73
b) Nature of the transactions Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
10.25 pence 1,500,000
d) Aggregated information
- Aggregated volume 1,500,000
- Price £153,750
e) Date of the transaction 6 February 2026
f) Place of the transaction London
d)
Aggregated information
- Aggregated volume
- Price
1,500,000
£153,750
e)
Date of the transaction
6 February 2026
f)
Place of the transaction
London
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Benjamin Neville Gillam
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 Ordinary shares of 1 pence each
Identification code
ISIN: GB00B4YL8F73
b) Nature of the transactions Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
10.25 pence 1,000,000
d) Aggregated information
- Aggregated volume 1,000,000
- Price £102,500
e) Date of the transaction 6 February 2026
f) Place of the transaction London
d)
Aggregated information
- Aggregated volume
- Price
1,000,000
£102,500
e)
Date of the transaction
6 February 2026
f)
Place of the transaction
London
For further information please contact:
Petards Group plc www.petards.com (http://www.petards.com)
Raschid Abdullah, Chairman Mb: 07768 905 004
Zeus, Nomad and Joint Broker
Mike Coe / Darshan Patel (Investment Banking) Tel: 020 3829 5000
Hybridan LLP, Joint Broker www.hybridan.com (http://www.hybridan.com)
Claire Louise Noyce Tel: 020 3764 2341
claire.noyce@hybridan.com
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