Transaction in Own Shares

RNS Number : 9654S

Petards Group PLC

13 November 2013

 



13 November 2013

("Petards" or "the Company")

Transaction in Own Shares

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has today sold 3,259,933 ordinary shares in the Company at a price of 18.25 pence per share. The proceeds of approximately £595,000 will be used for improving the balance sheet. These shares had been held in Treasury and represent the shares formerly held  by Water Hall Group plc in the Company that the Company acquired as part of its successful offer to acquire Water Hall earlier in the year.

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 21,071,181 Ordinary Shares of 1p each. All of the Ordinary Shares have equal voting rights. There are no shares held in Treasury. The total number of voting rights in the Company is therefore 21,071,181.

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: [phone]
Raschid Abdullah, Chairman	Tel: [phone]
WH Ireland Limited, Nomad and Joint Broker	www.wh-ireland.co.uk
Mike Coe	Tel:  [phone]
Hybridan LLP, Joint Broker
Claire Louise Noyce	Tel:  [phone] [e-mail]

 

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