Termination of Offer Period

RNS Number : 6207J

Petards Group PLC

05 December 2008

 

Petards Group plc ('Petards' or the 'Company')

Termination of Offer Period

Following the Company's previous announcements in relation to the discussions held with a number of parties concerning the potential sale of part or all of the Company or a potential refinancing, the Company wishes to confirm that it is no longer in discussions with any party in relation to a sale of part or all of the Company and therefore is no longer in an offer period for the purposes of the Takeover Code.

The Company is confident of securing extended financing facilities from its bankers and expects to make an announcement in relation to this in the near future following which it expects to be in a position to publish its results for the year ended 31 December 2007, and its interim results for the 6 months ended 30 June 2008.

For further information:

Petards Group plc

Andy Wonnacott, Finance Director                      Tel: [phone]

www.petards.com

Collins Stewart Europe Limited

Mark Connelly, Stewart Wallace                          Tel: [phone]

Parkgreen Communications

Paul McManus                                                     Mob: [phone]

[e-mail]

 

END

 

 

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