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AGM statement

8 May 2014

Petards announces that at its Annual General Meeting to be held at 11.00am today, the Chairman, Raschid Abdullah, will make the following statement:

"The corporate activity undertaken and the improvement in the order book arising in the latter part of 2013 has served to place Petards in a considerably strengthened financial position with higher visibility of revenue for both 2014 and beyond.

Following on from the reorganisation and the 'Fit 4 Growth' programme, management continues its focus on strengthening strategic business relationships and closing orders currently under negotiation. I am pleased to report that the Company traded strongly and profitably in the first quarter of 2014 and is on track for an outcome in line with market expectations for the year."
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