Substantial acquisition

 

TIDMWTH TIDMPEG 
 
RNS Number : 3808M 
Water Hall Group Plc 
21 May 2010 
 
21 May 2010 
Water Hall Group plc 
("Water Hall" or the "Company") 
 
 Substantial Acquisition 
Water Hall, the AIM listed waste management company, today announces that it has 
increased its investment in Petards Group plc ("Petards"), an AIM listed 
provider of security and surveillance systems, through the acquisition of 
38,000,000 ordinary shares of 1p each in the issued share capital of Petards 
("Ordinary Shares") at an average price of approximately 0.6461p per Ordinary 
Share and at a total cost, including expenses, of GBP248,094.22. 
The cost of the acquisition of the further investment has been funded out of the 
Company's existing cash resources. 
As a consequence of the acquisition the Company now owns 84,500,000 Ordinary 
Shares representing 13.27% of the issued share capital of Petards. 
On 26 April 2010, Petards announced pre tax profits of GBP1,020,000 on sales of 
GBP15,946,000 for the year ended 31 December 2009.  The post tax profits for the 
year ended 31 December 2009 were GBP1,108,000 and the net liabilities as at 31 
December 2009 were GBP292,000. 
Raschid Abdullah, Chairman of Water Hall commented; 
"The board of Water Hall, which first invested in Petards in November 2007, 
remains committed to its long term investment." 
 
For further information: 
Water Hall Group plc 
[phone] 
Raschid Abdullah 
Religare Capital Markets 
 
Emily Staples 
       [phone] 
Daniel Briggs 
                                  [phone] 
www.religarecm.com 
 
<ENDS> 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCSEEFMFFSSESI