9 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.
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.