Petards Group PLC Issue of Equity (4553Q)
October 14 2013 - 8:19AM
UK Regulatory
TIDMPEG
RNS Number : 4553Q
Petards Group PLC
14 October 2013
Petards Group plc
("Petards" or "the Company")
Issue of Equity
Petards, the AIM quoted developer of advanced security and
surveillance systems, announces that it has made an application to
the London Stock Exchange for 1,025,633 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 15
October 2013.
The new ordinary shares are being issued in part settlement for
the consideration due in relation to Petards' offer for Water Hall
Group plc which was declared wholly unconditional on 30 August
2013. The number of new ordinary shares being issued, together with
new ordinary shares already issued as consideration, corresponds to
valid acceptances received in respect of a total of 80,398,884
Water Hall Shares (representing approximately 91.74% of the
existing ordinary share capital of Water Hall).
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 20,916,031 Ordinary Shares of 1p each. All of the Ordinary
Shares have equal voting rights and none of the Ordinary Shares are
held in Treasury. The total number of voting rights in the Company
is therefore 20,916,031.
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
Andy Wonnacott, Finance Director Tel: 0191 420 3000
Raschid Abdullah, Chairman Tel: 01483 452333
WH Ireland Limited www.wh-ireland.co.uk
Mike Coe Tel: 0117 945 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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