Member Article

Petards announce new shares on AIM

Gateshead-based supplier of surveillance and security equipment, Petards Group PLC, has announced that it has made an application to the London Stock Exchange for 7,211 new ordinary shares to be admitted to trading on the alternative investment market (AIM).

It is expected that such admission will become effective and that dealings will commence at 8.00 a.m. in five days time, on 23 September 2014.

The 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 34,704,121 Ordinary Shares of 1p each.

All of the Ordinary Shares have equal voting rights therefore the total number of voting rights in the company is 34,704,121.

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 Disclosure and Transparency Rules.

Petards recently announced a healthy pre-tax profit for the last six months.