Petards, the AIM quoted developer of advanced security and surveillance systems, announces that following a meeting of its Remuneration Committee on 25 July 2017 and in accordance with the rules of its Enterprise Management Incentive (EMI) and Unapproved Option Plan approved by shareholders in January 2015, it has granted options over 80,000 ordinary shares to a senior employee of the Group.

All the options granted have an exercise price of 29p, being the closing mid-market share price on 25 July 2017 (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.