Petards

PDMR Dealing

09 September 2016

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that that it has been informed that on 8 September 2016 Osman Abdullah, Director, converted £31,500 of convertible loan notes in the Company at a conversion price of 8 pence into 393,750 new ordinary shares of 1 pence each.|

Petards Group plc
("Petards", “the Group” or “the Company”)

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that that it has been informed that on 8 September 2016 Osman Abdullah, Director, converted £31,500 of convertible loan notes in the Company at a conversion price of 8 pence into 393,750 new ordinary shares of 1 pence each.

Following the conversion Mr O Abdullah has an interest in 1,601,948 ordinary shares in the Company (representing approximately 4.5% of the Company’s issued share capital) and in convertible loan notes amounting to £118,771.

Total Voting Rights

In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rule 5.6.1(R), the Company would like to notify the market of the following.

Following the above conversion and as at 8 September 2016 the Company’s capital consisted of 35,544,389 ordinary shares of 1 pence each. All of these shares carry voting rights of one vote per share. The Company does not hold any shares in treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

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
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 1p each

GB00B4YL8F73
b) Nature of the transaction
Acquisition of shares following conversion of £31,500 of loan notes at conversion price of 8p.
c) Price(s) and volume(s)
Price(s) Volume(s)
8p 393,750
d) Aggregated information

- Aggregated volume

- Price



n/a
e) Date of the transaction
8 September 2016
f) Place of the transaction
London Stock Exchange, AIM

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