TIDMPEG

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   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) 
                                                                                 23.5 pence                75,000 
                                                                                              --------------------- 
     ------------------------------------------------------------  ------------------------------------------------ 
 d)    Aggregated information 
         *    Aggregated volume                                       75,000 
                                                                      GBP17,625 
 
         *    Price 
     ------------------------------------------------------------  ------------------------------------------------ 
 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   Mb: 07870 933 086 
  Director 
  and Chairman of the Remuneration 
  Committee 
 
 WH Ireland Limited, Nomad and          www.whirelandcb.com 
  Joint Broker 
 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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April 29, 2019 02:00 ET (06:00 GMT)

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