Petards Group PLC Result of GM (3767F)

TIDMPEG

RNS Number : 3767F

Petards Group PLC

11 November 2015

PETARDS GROUP PLC

('Petards' or the 'Group')

Result of General Meeting

Petards (AIM: PEG), the AIM quoted developer of advanced security and surveillance systems, is pleased to announce that at its General Meeting held today, the resolutions required to implement the Capital Reduction were duly passed. The principal purpose of the Capital Reduction, (details of which were set out in the Circular to shareholders dated 23 October 2015) is to create realised profits sufficient to eliminate the accrued deficit on the Company's profit and loss account.

The Capital Reduction now needs to be approved by the Court. It is anticipated that the initial directions hearing by the Court in relation to the Capital Reduction will take place on 3 December 2015 with the final hearing taking place on 16 December 2015 and the Capital Reduction becoming effective on that day, following the necessary registration of the Court order at Companies House.

For further information:

 
 Petards Group plc                  www.petards.com 
 Raschid Abdullah, Chairman         Mb: 07768 905 
                                     004 
 Andy Wonnacott, Finance Director   Tel: 0191 420 
                                     3000 
 
 WH Ireland Limited, Nomad          www.wh-ireland.co.uk 
  and Joint Broker 
 Mike Coe/Ed Allsopp                Tel: 0117 945 
                                     3470 
 
 Hybridan LLP, Joint Broker         www.hybridan.com 
 Claire Louise Noyce                Tel: 020 7947 4350 
                                     claire.noyce@hybridan.com 
 
 St Brides Partners Limited,        www.stbridespartners.co.uk 
  Financial PR 
 Elisabeth Cowell, Charlotte        Tel: 020 7236 1177 
  Heap

This information is provided by RNS

The company news service from the London Stock Exchange

END

ROMEAAFFFLSSFFF

(END) Dow Jones Newswires

November 11, 2015 07:46 ET (12:46 GMT)

Petards (LSE:PEG)
過去株価チャート
から 8 2024 まで 9 2024