Petards Group PLC Issue of Equity (8868O)
25 September 2013 - 10:40PM
UK Regulatory
TIDMPEG
RNS Number : 8868O
Petards Group PLC
25 September 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 246,627 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 26
September 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 as previously
announced on 13 September 2013, corresponds to valid acceptances
received in respect of a total of 72,193,796 Water Hall Shares
(representing approximately 82.38% of the existing ordinary share
capital of Water Hall following the full conversion of the Water
Hall Loan Note).
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 19,890,398 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 19,890,398.
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 /John Wakefield Tel: 0117 945 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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