Issue of Equity

RNS Number : 9587L

Petards Group PLC

10 July 2014

 



10 July 2014

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 225,500 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 July 2014.

Of the new ordinary shares 225,000 are being issued under the Company's Enterprise Management Incentive Plan following an exercise of employee share options. The other 500 new ordinary shares are being issued pursuant to the conversion of convertible loan notes.

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 34,643,710 Ordinary Shares of 1p each.  All of the Ordinary Shares have equal voting rights.  The total number of voting rights in the Company is therefore 34,643,710.

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
Raschid Abdullah, Chairman	Mb:  07768 905 004
Andy Wonnacott, Finance Director	Tel: [phone]
WH Ireland Limited, Nomad and Joint Broker	www.wh-ireland.co.uk
Mike Coe, Ed Allsopp	Tel:  [phone]
Hybridan LLP, Joint Broker	www.hybridan.com
Claire Louise Noyce	Tel:  [phone] [e-mail]

 

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