Petards Group PLC Grant of Options (4909V)
July 23 2018 - 10:40AM
UK Regulatory
TIDMPEG
RNS Number : 4909V
Petards Group PLC
23 July 2018
23 July 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 approved by shareholders in January 2015, has
granted options over 120,000 ordinary shares to Tim Coker, a senior
employee of the Group.
All the options granted have an exercise price of 24.50p, being
the closing mid-market share price on 20 July 2018 (the latest
possible date 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.
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 Tim Coker
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2 Reason for the notification
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a) Position/status Employee
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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 213800YPE3U45S6TZT05
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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 Ordinary shares of 1 pence each
Identification code
ISIN: GB00B4YL8F73
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b) Nature of the transactions Grant of Options
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c) Price(s) and volume(s) Price(s) Volume(s)
24.5 pence 120,000
---------------------
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d) Aggregated information
* Aggregated volume 120,000
GBP29,400
* Price
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e) Date of the transaction 23 July 2018
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f) Place of the transaction London
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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 / Ed Allsopp 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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