Director Shareholding, Issue of Equity
01 July 2010
Petards Group plc ("Petards" or "the Company"), the AIM quoted developer of advanced security and surveillance systems, announces the issue of 3,577 new ordinary shares of 1p each ("Ordinary Shares"). These shares have been issued to Andy Wonnacott (Finance Director) at a price of 1p per Ordinary Share in accordance with the capital reorganisation circular posted to shareholders on 19 May 2010. As announced on 24 June 2010, the proposed capital reorganisation did not proceed, however, the Ordinary Shares to Mr Wonnacott had been issued in preparation.|
Mr Wonnacott is now interested in 3,577 Ordinary Shares in the Company representing approximately 0.0006 per cent. of total shares in issue. Application for these shares to be admitted to trading on AIM has been made and is expected to occur on 7 July 2010. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.
In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Services Authority, the Company confirms that, following this issue, its issued share capital comprises 637,710,000 Ordinary Shares. There are 3,361 share Ordinary Shares held in Treasury. All of the Ordinary Shares have equal voting rights. The total number of voting rights in the Company is therefore 637,706,639.
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