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Petards Group PLC (PEG)

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Thursday 30 March, 2017

Petards Group PLC

Director/PDMR Shareholding

RNS Number : 0786B
Petards Group PLC
30 March 2017
 

30 March 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, has converted £7,543 of the outstanding convertible loan notes into 94,287 ordinary shares of 1 pence each at a price of 8 pence per share.

Following the conversion, Mr Abdullah is directly interested in 1,300,405 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 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

N/A

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

94,287

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

94,287

£7,543

e)

Date of the transaction

28 March 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.whirelandplc.com

Mike Coe / Ed Allsopp

Tel:  0117 945 3470



Hybridan LLP, Joint Broker

www.hybridan.com

Claire Louise Noyce

 

Tel:  020 3764 2341

[email protected]

 


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