Business
Result of Noteholder Meeting - Replacement
Result of Noteholder Meeting - Replacement.
About this update from Petards Group Plc
[{"type":"text","content":"\n \nRNS Number : 4092Z Petards Group PLC 14 December 2017 \n\n14 December 2017\nThe following amendment has been made to the 'Result of Noteholder Meeting' announcement released on 14 December 2017 at 13:02 p.m. under RNS No 3952Z. \nThe original announcement did not split out the number of shares remaining pursuant to the block listing, being 4,687,566 shares and the new Ordinary Shares applied for, being 13,810,604 shares.\nAll other details remain unchanged. \nThe full amended text is shown below.\n \n \nPETARDS GROUP PLC \nAIM: PEG\n(\"Petards\" or the \"Group\")\n \nResult of Noteholder Meeting\nPetards, the AIM quoted developer of advanced security and surveillance systems is pleased to announce that at its meeting of Loan Note Holders held this morning the resolution to approve the conversion of the remaining £1,479,872 Loan Notes, at a conversion price of 8 pence per share, into 18,498,170 new Ordinary Shares, was duly passed by Noteholders. \nThe new Ordinary Shares issued and allotted pursuant to the Loan Note Conversion will rank pari passu with all other Ordinary Shares of the Company in issue. Application has been made to the London Stock Exchange for 13,810,604 New Ordinary Shares to be admitted to trading on AIM. 4,166,268 Ordinary Shares will also be issued equal to the number of shares pursuant to the block listing in addition to 521,298 Ordinary Shares which have been issued since the last block return as announced on 23 June 2017. It is expected that Admission will take effect on 15 December 2017. Following Admission, there will be no shares outstanding to the block listing.\nIn accordance with the provisions of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the Loan Note conversion detailed above, its issued share capital will comprise 55,768,229 Ordinary Shares of 1p each. All of such Ordinary Shares will have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company will therefore be 55,768,229. 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 Disclo...