11th Nov 2013 12:05
LONDON (Alliance News) - Petards Group PLC Monday said it will issue 58,828 new shares as part payments for the acquisition of Water Hall Group PLC.
The offer was declared unconditional at the end of August, and at the end of last month, Petards said it had received valid acceptances from Water Hall shareholders holding 92.63% of the stock.
Petards shares were up 8.7% at 12.5 pence midday Monday after the company earlier announced the latest in a string of recent orders for its train CCTV systems.
By Steve McGrath; [email protected]; @SteveMcGrath1
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