AGM Statement
July 27 2006 - 11:20AM
UK Regulatory
RNS Number:8577G
Petards Group PLC
27 July 2006
Petards Group plc
("Petards" or "the Company")
AGM Statement & Trading Update
Grant of options to Directors
Petards, the AIM listed developer of advanced surveillance systems, announces
that at its Annual General Meeting held today all resolutions laid before the
meeting were duly passed.
In his statement to shareholders, Tim Wightman, Chairman of Petards, said:
"As I indicated in June, while the Group will report a loss in the first half of
the current year, the performance of EIMC's business acquired in March is
encouraging, and the Group is presently trading in line with market expectations
for the full year."
In addition, the Company announces that the following grants of options over new
ordinary shares in the Company under its Enterprise Management Incentive and
2001 Unapproved Share Option Plans were made on 27 July 2006 to the directors of
Petards listed below.
Name Number of options Exercise price Exercise period
Bill Conn 6,500,000 1p 27.07.2009 - 26.07.2016
Andy Wonnacott 3,000,000 1p 27.07.2009 - 26.07.2016
For further information please contact:
Petards Group plc Parkgreen Communications Ltd
Tim Wightman, Chairman Paul McManus
Tel: 01932 788 288 Tel: 020 7493 3716
www.petards.com Mob: 07980 541 893
This information is provided by RNS
The company news service from the London Stock Exchange
END
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