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Director/PDMR Shareholding
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By LSE RNS
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.
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Raschid Abdullah |
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2 |
Reason for the notification |
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a) |
Position/status |
Chairman |
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b) |
Initial notification/ Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Petards Group plc |
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b) |
LEI |
N/A |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification code |
Ordinary shares of 1 pence each
ISIN: GB00B4YL8F73 |
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b) |
Nature of the transactions |
Conversion of loan notes |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
94,287 £7,543 |
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e) |
Date of the transaction |
28 March 2017 |
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f) |
Place of the transaction |
London Stock Exchange, AIM |
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Contacts:
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Petards Group plc |
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Raschid Abdullah, Chairman |
Mb: 07768 905 004 |
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WH Ireland Limited, Nomad and Joint Broker |
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Mike Coe / Ed Allsopp |
Tel: 0117 945 3470 |
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Hybridan LLP, Joint Broker |
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Claire Louise Noyce
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Tel: 020 3764 2341 claire.noyce@hybridan.com |
This information is provided by RNS
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