7 June 2018
Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has received notification that Raschid Abdullah, Chairman, has sold 1,000,000 ordinary shares at a price of 22.5 pence each. Following the sale, Mr Abdullah is directly interested in 2,476,909 ordinary shares representing 4.4 per cent. of the company’s issued share capital. Mr Abdullah is also directly interested in options over 1,000,000 ordinary shares which are exercisable until 24 November 2023 and a further 850,000 ordinary shares first exercisable on 6 January 2019 expiring 5 January 2026.
Additionally, notification was received that Adcel Limited, an entity controlled by Paul Negus, director, has sold 50,000 ordinary shares. Following the sale, Mr Negus is directly interested in 575,000 ordinary shares representing 1.0 per cent. of the company’s issued share capital. The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail: