PETARDS GROUP PLC

AGM Information • Nov 11, 2015

National Storage Mechanism | Additional information

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RNS Number : 3767F

Petards Group PLC

11 November 2015

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 and Joint Broker	www.wh-ireland.co.uk
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, Financial PR	www.stbridespartners.co.uk
Elisabeth Cowell, Charlotte Heap	Tel: 020 7236 1177

This information is provided by RNS

The company news service from the London Stock Exchange

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