Transaction in Own Shares (6043Q)
21 October 2011 - 7:25PM
UK Regulatory
TIDMPEG
RNS Number : 6043Q
Petards Group PLC
21 October 2011
PETARDS GROUP PLC
(AIM: PEG)
Sale of fractional entitlements
Petards Group plc ("Petards" or "the Company"), the AIM quoted
developer of advanced security and surveillance systems, announces
that on 20 October 2011 it sold 116,000 of its own shares at a
price of 21.5 pence per share. These shares represent the
fractional entitlements that arose as a result of the capital
reorganisation completed in July 2011.
The proceeds from the sale of the fractional entitlements shall
be distributed pro rata amongst the relevant shareholders save that
where a shareholder is entitled to an amount which is less than
GBP3 it will (in accordance with the Articles) not be distributed
to such shareholder but will be retained by the Company for its
benefit.
Payments to the shareholders due fractional entitlements are
expected to be despatched on or about 31 October 2011.
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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