Result of AGM (4706J)
30 June 2011 - 9:06PM
UK Regulatory
TIDMPEG
RNS Number : 4706J
Petards Group PLC
30 June 2011
PETARDS GROUP PLC
(AIM: PEG)
AGM and General Meeting Statement
Petards Group plc ("Petards" or "the Company"), the AIM quoted
developer of advanced security and surveillance systems, announces
that all resolutions at its AGM held today were duly passed. In
addition the resolution proposed at the General Meeting relating to
the Capital Reorganisation, details of which were set out in a
Circular to shareholders dated 4 June 2011, was passed.
Under the Capital Reorganisation, the Existing Ordinary Shares
of 1p each will be consolidated into New Consolidated Ordinary
Shares of GBP100 each on the basis of one New Consolidated Ordinary
Share for each 10,000 Existing Ordinary Shares. Each New
Consolidated Ordinary Share will then be sub-divided into 100 New
Ordinary Shares of 1p each and 9,900 Deferred Shares or 1p
each.
Application has been made to the London Stock Exchange plc for
the New Ordinary Shares to be admitted to trading on AIM and is
expected to occur from 8.00am on 1 July 2011. The New Ordinary
Shares will trade under the ISIN: GB00B4YL8F73 and SEDOL:
B4YL8F7.
Existing share certificates will cease to be valid following the
Capital Reorganisation. New share certificates in respect of the
New Ordinary Shares will be issued by 8 July 2011. No certificates
will be issued in respect of the Deferred Shares, nor will CREST
accounts of Shareholders be credited in respect of any entitlement
to the Deferred Shares. No application will be made for the
Deferred Shares to be admitted to trading on AIM or any other
investment exchange.
A CREST Shareholder will have their CREST account credited with
their New Ordinary Shares following Admission.
In accordance with the provisions of the Disclosure and
Transparency Rules of the Financial Services Authority, the Company
confirms that, following the Capital Reorganisation, its issued
share capital will comprise 6,367,100 Ordinary Shares of 1p each
and 630,342,900 Deferred Shares of 1p each. The Ordinary Shares
have equal voting rights and none of the Ordinary Shares are held
in Treasury. The Deferred Shares have no voting rights. The total
number of voting rights in the Company is therefore 6,367,100.
The Definitions which apply in the Circular have been used in
this announcement.
Contacts:
Petards Group plc www.petards.com
Andy Wonnacott, Finance Director +44 (0) 191 420 3000
WH Ireland Limited www.wh-ireland.co.uk
Mike Coe / Marc Davies +44 (0) 117 945 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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