Petards Group PLC (AIM: PEG), the developer of advanced security, communication and surveillance systems, has disclosed a significant increase in a major shareholder's stake. Andrew Perloff acquired 1,000,000 ordinary shares of 1p each on 10 November 2026, bringing his combined holding to 4,000,000 shares, equivalent to approximately 6.6% of the company's issued share capital excluding treasury shares. The notification was received by Petards on 11 November 2026 and published on 12 November 2026. The move signals continued insider confidence in the AIM-quoted technology group, and investors may be watching for further changes to the shareholder register.

Key Points

  • Petards Group PLC (AIM: PEG) — AIM-quoted developer of advanced security, communication and surveillance systems
  • Andrew Perloff acquired 1,000,000 ordinary shares of 1p each on 10 November 2026, increasing his total holding to 4,000,000 shares
  • Combined stake now represents approximately 6.6% of issued share capital, excluding treasury shares, spread across three vehicles
  • Investors may be watching whether this acquisition signals further accumulation or precedes any formal approach to the company

Andrew Perloff's 1 Million Share Acquisition in Petards Group on 10 November 2026

According to the company's announcement, Andrew Perloff purchased 1,000,000 ordinary shares of 1p each in Petards Group on 10 November 2026. The notification of this transaction was made to the company on 11 November 2026 and subsequently disclosed via the London Stock Exchange's Regulatory News Service. The acquisition increased Perloff's total holding from 3,000,000 to 4,000,000 ordinary shares. The announcement does not disclose the price paid per share, meaning the total consideration for the transaction was not disclosed in the announcement.

How Andrew Perloff's 4 Million Shares Are Held Across Three Vehicles

The 4,000,000 ordinary shares comprising Perloff's stake are held across three distinct entities. The largest portion, 2,600,000 shares, is held within the Maland Pension Fund. A further 1,000,000 shares are held through Portnard Limited, a company in which Andrew Perloff is described as a major shareholder. The remaining 400,000 shares are held directly in his personal capacity. This structure, spread across a pension fund, a corporate entity, and a personal account, is a notable feature of the disclosed holding and reflects a diversified approach to accumulating the position.

Petards Group's Focus on Security and Surveillance Technology for UK and Wider Markets

Petards Group describes itself as a developer of advanced security, communication and surveillance systems, quoted on AIM. The company is chaired by Raschid Abdullah and is supported by Allenby Capital Limited as nominated adviser and joint broker, alongside Hybridan LLP as joint broker. The group operates in a specialist technology sector where contracts and product cycles can significantly influence financial performance. No revenue figures, trading updates, or guidance were included in this announcement, which relates solely to the notifiable change in a major shareholder's interest.