Petards Regulatory News (PEG)

7 Oct 2005 07:00

Petards Group PLC07 October 2005 Petards Group plc ("Petards" or "the Company") Statement re. 2004 Group Accounts The Board of Petards, the AIM listed developer of advanced surveillance systems,has the following update regarding the review into accounting discrepanciesdiscovered at one of its subsidiaries, Joyce-Loebl Ltd, that led to its decisionto withdraw the Group accounts for year ended 31 December 2004. The review by the Company and KPMG, its auditors, is drawing to a close and theBoard expects to be able to provide a further update to shareholders at oraround the end of October. It is anticipated that this further update willinclude the results of the review, the timetable for the mailing of the 2004restated accounts and the Company's interim results for the six months ended 30June 2005. The Board expects that trading in the Company's shares willre-commence once the 2004 restated accounts and its 2005 interim results havebeen sent to shareholders. For further information:Petards Group plc Binns & Co PR LtdAndy Wonnacott, Finance Director Paul McManusTel: 01932 788 288 Tel: 020 7153 1485 Mob: 07980 541 893 This information is provided by RNS The company news service from the London Stock Exchange