PEG Petards Group Plc

TIDMPEG

RNS Number : 5212G

Petards Group PLC

08 May 2014

8 May 2014

Petards Group plc

("Petards" or "the Company")

AGM Statement

Petards, the AIM quoted developer of advanced security and surveillance systems announces that at its Annual General Meeting to be held at 11.00am today, the Chairman, Raschid Abdullah, will make the following statement:

"The corporate activity undertaken and the improvement in the order book arising in the latter part of 2013 has served to place Petards in a considerably strengthened financial position with higher visibility of revenue for both 2014 and beyond.

Following on from the reorganisation and the 'Fit 4 Growth' programme, management continues its focus on strengthening strategic business relationships and closing orders currently under negotiation.

I am pleased to report that the Company traded strongly and profitably in the first quarter of 2014 and is on track for an outcome in line with market expectations for the year."

Contacts

 
 Petards Group plc                  www.petards.com 
 Raschid Abdullah, Chairman         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, Ed Allsopp               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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