Petards, the AIM quoted developer of advanced security and surveillance systems, announces that options over 700,000 new ordinary shares in the Company were granted on 24 April 2015 to Adcel Limited a company controlled by Paul Negus, a director of Petards. The options have an exercise price of 11.625p, being the closing mid-market share price on 23 April 2015 (the latest possible date prior to the date of award) and are exercisable after three years.
 
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