Business
Update
Update.
About this update from Petards Group Plc
[{"type":"text","content":"\n RNS Number : 5493V Petards Group PLC 29 May 2008 \n \nPetards Group plc ('Petards' or 'the Company')\n\nUpdate\n\nUpdate re. Possible Offer or Refinancing\n\nFurther to the announcement made on 22 April 2008, concerning discussions with a number of parties concerning the potential sale of the Company and/or one of its divisions or, alternatively, a refinancing of the business by a third party, the Company confirms that discussions are continuing with an emphasis on a refinancing of the business.\n\nPreliminary results\n\nGiven the above continuing discussions regarding a possible refinancing or a potential sale of the business and/or one of its divisions, the Board now expects to announce its preliminary results for the year ended 31 December 2007 in the latter part of June and not in May as previously announced.\n\nTrading update\n\nTrading continues to be in line with that previously announced with the Company having traded well in the year to date and with net debt within projected levels. \n\nFor further information:\n\n\n\n\nPetards Group plc\n\n\nCollins Stewart Europe Limited\n\n\nParkgreen Communications\n\n\n\n\nAndy Wonnacott, Finance Director \n\n\nMark Connelly, Stewart Wallace\n\n\nPaul McManus\n\n\n\n\nTel: 0191 420 3000\n\n\nTel: 020 7523 8350\n\n\nMob: 07980 541 893\n\n\n\n\nwww.petards.com\n\n\n\n\n\[email protected]\n\n\n\n\n\n\nCollins Stewart Europe Limited ('Collins Stewart') which is regulated in the United Kingdom by The Financial Services Authority is acting for the Company in relation to the matters described in this announcement and is not advising any other person, and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to customers of Collins Stewart or for providing advice in relation to the matters described in this announcement.\n \nDealing disclosure requirements\nUnder the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of the Company, all 'dealings' in any 'relevant securities' of the Company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30pm (...