TIDMWTH TIDMPEG 
 
RNS Number : 6060M 
Water Hall Group Plc 
27 May 2010 
 

27 May 2010 
                              Water Hall Group plc 
                        ("Water Hall" or the "Company") 
 
 
                                  Tender Offer 
 
 
Water Hall, the AIM listed waste management company, today announces that it has 
made a tender offer to the holders of ordinary shares of Petards Group plc, an 
AIM listed provider of security and surveillance systems.  The following text 
regarding the tender offer has today been published in the Financial Times and 
in the Times. 
 
Tender Offer on behalf of Water Hall Group plc ("Water Hall") to purchase up to 
   104,511,925 ordinary shares of 1 penny each in the issued share capital of 
  Petards Group plc ("Petards") ("Ordinary Shares") at 0.70 pence each ("Tender 
                                    Offer") 
 
On behalf of Water Hall, Religare Capital Markets (UK) Limited ("RCM") offers to 
acquire, by tender,up to 104,511,925 Ordinary Shares at 0.70 pence per Ordinary 
Share. If the total number of Ordinary Shares tendered by all holders of 
Ordinary Shares ("Shareholders") is greater than 104,511,925 Ordinary Shares, 
the tenders will be scaled down pro rata (fractions being ignored). Shareholders 
may tender all or any part of their holdings. 
At the date of this advertisement, Water Hall holds 86,500,000 Ordinary Shares, 
which represents 13.59 per cent. of the issued Ordinary Share capital of 
Petards. No person deemed to be acting in concert with Water Hall owns or has 
rights over any Ordinary Shares. If the Tender Offer is accepted in full, Water 
Hall will be beneficially interested in 191,011,925 Ordinary Shares, which would 
represent 29.99 per cent. of the issued Ordinary Share capital of Petards. 
The tender price of 0.70 pence per Ordinary Share represents a 27.27 per cent. 
increase or a premium of 0.15 pence per share over the closing middle market 
price on 26 May 2010, being the last practicable date prior to the publication 
of this advertisement.  At that date the bid and offer prices were 0.50 pence 
and 0.60 pence respectively with a middle market price of 0.55 pence per 
Ordinary Share. 
The Tender Offer is conditional on the receipt by Water Hall of tenders 
totalling not less than 6,367,065 Ordinary Shares, representing one per cent. of 
the issued Ordinary Shares on 26 May 2010 (the latest practicable date prior to 
the publication of this advertisement).   This condition may not be waived. 
Accordingly, if the condition is not satisfied by 1.00 p.m. on 18 June 2010, the 
Tender Offer will be void. Subject to this, all tenders will be irrevocable. 
Ordinary Shares successfully tendered will be acquired by Water Hall fully paid 
and free from all liens, charges, equitable interests and encumbrances and 
together with all rights attaching thereto, including the right to all dividends 
and other distributions declared, made or paid after the date of this 
advertisement and the right to attend and vote at any general meeting of Petards 
after the Tender Offer has closed. The Tender Offer will close at 1.00 p.m. on 
18 June 2010. No tenders received after that time will be accepted. 
A Tender Form and Circular will be despatched as soon as possible to each 
Shareholder whose name appears on the register of members at the close of 
business on 26 May 2010 or within 48 hours thereafter.   Shareholders who hold 
Ordinary Shares in certificated form wishing to tender Ordinary Shares should 
complete and return the Tender Form in accordance with the instructions set out 
on it. The completed and signed Tender Form, together with relevant share 
certificate(s) and/or other document(s) of title,should either be sent by post 
or delivered by hand during normal business hours only to Share Registrars 
Limited, Suite E, First Floor, 9 Lion & Lamb Yard, Farnham, Surrey GU9 7LL, as 
soon as possible, and in any event, so as to be received not later than 1.00 
p.m. on 18 June 2010. If the Ordinary Shares which you wish to tender are held 
in uncertificated form, you must transfer (by means of a TTE instruction) the 
number of Ordinary Shares which you wish to tender under the Tender Offer to an 
escrow balance, specifying Share Registrars Limited, (in its capacity as a CREST 
receiving agent under its Participant ID 7RA36 and member account ID WGPPGP01) 
as the Escrow Agent, as soon as possible and in any event so that the transfer 
to escrow settles by not later than 1.00 p.m. on 18 June 2010.  If you are a 
CREST Sponsored Member, you should refer to your CREST Sponsor before taking any 
action. 
All questions as to the number of Ordinary Shares tendered and the validity, 
eligibility (including the time of receipt) and acceptance for payment of any 
tender of Ordinary Shares will be determined by RCM in its sole discretion, 
which determination shall be final and binding on all of the parties (except as 
otherwise required under applicable law). RCM reserves the absolute right to 
reject any or all tenders they determine not to be in proper form or the 
acceptance or payment for which may, in the opinion of RCM, be unlawful. 
Water Hall reserves the right to require any Shareholder whose registered 
address is outside the United Kingdom or who is a citizen or national of, or 
resident in, a jurisdiction outside the United Kingdom, to provide evidence of 
compliance with all laws of any jurisdiction applicable to him in connection 
with his tendering of Ordinary Shares. 
Provided that tenders totalling more than 1% of the voting rights of all 
Ordinary Shares are duly received, payment of the price due to Shareholders 
whose tenders are accepted will be made on 25 June 2010 by cheque despatched by 
first class post to the person or agent whose name and address (outside the 
United States, Canada, Australia, New Zealand, South Africa and Japan) is set 
out in Box 1 (or, if relevant, Box 4) of the Tender Form or, if none is set out, 
to the registered address of the tendering Shareholder or, in the case of joint 
holders, the address of the first named. 
 
 
 
 
 
 
For further information: 
 
Water Hall Group plc 
                             +44 (0) 1483 452 333 
Raschid Abdullah 
 
Religare Capital Markets 
 
Emily Staples 
                                    +44(0) 207 444 0800 
Daniel Briggs 
                                    +44(0) 207 444 0500 
www.religarecm.com 
 
<ENDS> 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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