TIDMPEG

RNS Number : 6348G

Petards Group PLC

07 November 2018

7 November 2018

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 575,000 ordinary shares each to Raschid Abdullah, Executive Chairman and Osman Abdullah, Chief Executive Officer and options over 300,000 ordinary shares to Paul Negus, Executive Director.

Under this award, Raschid Abdullah has been granted EMI options over 575,000 ordinary shares, Osman Abdullah has been granted Unapproved options over 575,000 ordinary shares and Paul Negus has been granted Unapproved options over 300,000 ordinary shares.

All the options granted have an exercise price of 21.5 pence, being the closing mid-market share price on 30 October 2018 (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 3,476,909 shares, representing 6.05% of the issued share capital and options over 850,000 shares.

Immediately prior to this grant, Osman Abdullah's interest in the shares of Petards Group plc was 2,139,948 shares representing 3.72% of the issued share capital and options over 2,162,500 shares.

Immediately prior to this grant, Paul Negus' interest in the shares of Petards Group plc was 575,000 shares, representing 1% of the issued share capital.

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) 
                                                                                 21.5 pence                575,000 
                                                                                              --------------------- 
     ------------------------------------------------------------  ------------------------------------------------ 
 d)    Aggregated information 
         *    Aggregated volume                                       575,000 
                                                                      GBP123,625 
 
         *    Price 
     ------------------------------------------------------------  ------------------------------------------------ 
 e)   Date of the transaction                                       31 October 2018 
     ------------------------------------------------------------  ------------------------------------------------ 
 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) 
                                                                                 21.5 pence                575,000 
                                                                                              --------------------- 
     ------------------------------------------------------------  ------------------------------------------------ 
 d)    Aggregated information 
         *    Aggregated volume                                       575,000 
                                                                      GBP123,625 
 
         *    Price 
     ------------------------------------------------------------  ------------------------------------------------ 
 e)   Date of the transaction                                       31 October 2018 
     ------------------------------------------------------------  ------------------------------------------------ 
 f)   Place of the transaction                                      London 
     ------------------------------------------------------------  ------------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Paul Negus 
     ------------------------------------------------------------  ------------------------------------------------ 
 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) 
                                                                                 21.5 pence                300,000 
                                                                                              --------------------- 
     ------------------------------------------------------------  ------------------------------------------------ 
 d)    Aggregated information 
         *    Aggregated volume                                       300,000 
                                                                      GBP64,500 
 
         *    Price 
     ------------------------------------------------------------  ------------------------------------------------ 
 e)   Date of the transaction                                       31 October 2018 
     ------------------------------------------------------------  ------------------------------------------------ 
 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.

END

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November 07, 2018 05:26 ET (10:26 GMT)

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