Update re. 2004 Group Account

25 Nov 2005 07:00

Petards Group PLC25 November 2005 Petards Group plc ("Petards" or "the Company") Update re. 2004 Group Accounts Further to the statement made by the Company on 7 October 2005, the Board ofPetards, the AIM quoted developer of advanced surveillance systems, has thefollowing update regarding the review into accounting discrepancies discoveredat one of its subsidiaries, Joyce-Loebl Ltd, that led to its decision towithdraw the Group accounts for year ended 31 December 2004. The review has been completed and the Board expects to announce both therestated results of the Company for the year ended 31 December 2004 and theinterim results for the six months ended 30 June 2005, on 7 December 2005.Further, the Board expects to publish the restated 2004 Report & Accounts on 12December 2005 and, following confirmation of such publication to AIM, the Boardexpects that trading in the Company's shares will re-commence on 13 December2005. 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