Grant of Options
Updated : 15:41
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 | ||||
2 | Reason for the notification | |||||
a) | Position/status | Employee | ||||
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 | Grant of Options | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
120,000 £29,400 | ||||
e) | Date of the transaction | 23 July 2018 | ||||
f) | Place of the transaction | London |
For further information:
Petards Group plc |
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Raschid Abdullah, Chairman | Mb: 07768 905 004 |
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Terry Connolly, Senior Non-Executive Director and Chairman of the Remuneration Committee | Mb: 07870 933 086 |
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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 | ||
Claire Louise Noyce
| Tel: 0203 764 2341 claire.noyce@hybridan.com |
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