Issue of Equity

RNS Number : 9654N

Petards Group PLC

13 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 8,777,326 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 16 September 2013.

The new ordinary shares are being issued in 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 corresponds to acceptances in respect of 70,220,700 Water Hall Shares (representing approximately 88.17% of the existing ordinary share capital of Water Hall and approximately 80.13% of Water Hall's share capital assuming full conversion of the Water Hall Loan Note).

For further information:

Petards Group plc	www.petards.com
Andy Wonnacott, Finance Director	Tel: [phone]
Raschid Abdullah, Chairman
WH Ireland Limited	www.wh-ireland.co.uk
Mike Coe /John Wakefield	Tel:  [phone]

 

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