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Petards Group PLC (PEG)

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Monday 18 December, 2017

Petards Group PLC

Director/PDMR Shareholding

RNS Number : 6201Z
Petards Group PLC
18 December 2017
 

18 December 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, and Osman Abdullah, Group Chief Executive, have respectively converted £185,436 and £46,771 of convertible loan notes into 2,317,950 and 584,637 ordinary shares of 1 pence, each at a price of 8 pence per share.

Following the conversion, Mr Raschid Abdullah is directly interested in 3,476,922 ordinary shares and Mr Osman Abdullah is interested in 2,186,585 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 Michael 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

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

Conversion of loan notes

c)

Price(s) and volume(s)

Price(s)

Volume(s)

8 pence

2,317,950

d)

Aggregated information

-     Aggregated volume

-     Price

 

2,317,950

£185,436

e)

Date of the transaction

15 December 2017

f)

Place of the transaction

London Stock Exchange, AIM

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Osman Abdullah

2

Reason for the notification

a)

Position/status

Group Chief Executive

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

Conversion of loan notes

c)

Price(s) and volume(s)

Price(s)

Volume(s)

8 pence

584,637

d)

Aggregated information

-     Aggregated volume

-     Price

 

584,637

£46,771

e)

Date of the transaction

15 December 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.whirelandcb.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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