Petards Group PLC Completion of Compulsory Purchase (5301W)
December 30 2013 - 3:00AM
UK Regulatory
TIDMPEG
RNS Number : 5301W
Petards Group PLC
30 December 2013
Petards Group plc
("Petards" or "the Company")
Completion of Compulsory Purchase
Petards, the AIM quoted developer of advanced security and
surveillance systems, is pleased to announce that following the
announcement on 29 October 2013 regarding the compulsory
acquisition and cancellation of trading of Water Hall Shares, all
of the share capital has now been purchased and Water Hall has
become a wholly owned subsidiary of the Company.
Petards has made an application to the London Stock Exchange for
632,660 new ordinary shares to be admitted to trading on AIM. It is
expected that such Admission will become effective and that
dealings will commence at 8.00 a.m. on 3 January 2014.
Of the new ordinary shares 615,160 are being issued in part
settlement for the consideration due in relation to Petards' offer
for Water Hall Group plc. The other 17,500 new ordinary shares are
being issued pursuant to the conversion of convertible loan
notes.
In accordance with the provisions of the Disclosure and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, following this issue, its issued share capital will
comprise 34,171,975 Ordinary Shares of 1p each. All of the Ordinary
Shares have equal voting rights. The total number of voting rights
in the Company is therefore 34,171,975.
This 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
share capital of the Company under the Disclosure and Transparency
Rules.
For further information:
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Tel: 01483 452333
Mb: 07768 905004
Andy Wonnacott, Finance Director Tel: 0191 420 3000
WH Ireland Limited, Nomad and www.wh-ireland.co.uk
Joint Broker
Mike Coe Tel: 0117 945 3470
Hybridan LLP, Joint Broker www.hybridan.com
Claire Louise Noyce Tel: 020 7947 4350
claire.noyce@hybridan.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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