Restriction on New Share Authorities

RNS Number : 1551B

Pentagon Protection PLC

11 April 2012

 



11 April 2012

PENTAGON PROTECTION PLC

('Pentagon' or 'the Company')

Restriction on New Share Authorities

Pentagon Protection Plc (AIM PPR) announces that it has informally discussed with certain shareholders the new share authorities to be proposed as resolutions 5 and 6 at the Annual General Meeting ('AGM') to be held at 2.00 p.m. on 16 April 2012 at the offices of Nabarro LLP, Lacon House, 84 Theobald's Road, London WC1X 8RW.

Following such discussions, the Board of Directors confirm that following the passing of the resolutions numbered 5 and 6 respectively, as set out in the Notice of AGM, they will, notwithstanding the authorities granted by such resolutions, limit the authorities to allot new ordinary shares and disapply pre-emption rights to 35% of the Company's current issued ordinary share capital immediately following the approval of the Share Capital Consolidation (as defined in the Circular sent to shareholders dated 8 March 2012) without seeking further authority from shareholders.

The Directors urge shareholders to vote in favour of the resolutions bearing in mind the above confirmation and would remind shareholders that they have until 2.00 p.m. on 14 April 2012 to complete and return proxy forms to the Company's Registrar in respect of the AGM.

Enquiries:

Pentagon Protection Plc Haytham ElZayn, Chairman	Tel: [phone]
Pentagon Protection Plc Steve Chambers, Managing Director	Tel: [phone]
Seymour Pierce Limited Jonathan Wright	Tel: [phone]
Rivington Street Jon Levinson	Tel: [phone]

Notes to Editors:

Admitted to AIM in March 2003 Pentagon Protection PLCis a global specialist in the development and application of high performance window films that provide cost-effective and immediate energy saving and security solutions to flat glass installed in buildings.

As experts in enhanced security and blast mitigation, in September 2008 Pentagon acquired SDS Group Limited, an established security consulting and training company of over 30 years and a leading supplier of security equipment.

SDS Group supplies security equipment, including highly-specialist security and search equipment, mainly to governments, police forces and security and defence forces in the UK and around the world. SDS has strong relationships with customers and extends their offering to clients by providing expert knowledge and further training and consultancy. The acquisition of SDS is in support of the group plans for continued expansion in the security marketplace.

Steve Chambers joined Pentagon Protection Plc as Managing Director and was appointed to the main Board of Directors as of 15 November 2010.

 

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