Gateshead-based supplier of security and surveillance systems, Petards Group PLC, has made an application to the London Stock Exchange for 7,211 new ordinary shares to be admitted to trading on the alternative investment market (AIM).
It is expected this will become effective and that dealings will commence at 8am on September 23, 2014.
The new ordinary shares are being issued pursuant to the conversion of convertible loan notes.
Following the issue, Petards’ total issued share capital will comprise 34,704,121 Ordinary Shares of 1p each.
All of the shares have equal voting rights, meaning the total number of voting rights in the company is 34,704,121.