30th December 2013 – Completion of compulsory purchase
30th December 2013
Petards, the AIM quoted developer of advanced security and surveillance systems, is pleased to announce that following the announcement on 29 October 2013 regarding the compulsory acquisition and cancellation of trading of Water Hall Shares, all of the share capital has now been purchased and Water Hall has become a wholly owned subsidiary of the Company.
Petards has made an application to the London Stock Exchange for 632,660 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 3 January 2014.
Of the new ordinary shares 615,160 are being issued in part settlement for the consideration due in relation to Petards’ offer for Water Hall Group plc. The other 17,500 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 34,171,975 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 34,171,975.
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.