Pentagon Protection PPR Trading Update and Result of General Meeting

  Pentagon Protection (PPR) - Trading Update and Result of General Meeting

RNS Number : 5955Q
Pentagon Protection PLC
08 November 2012


RNS ANNOUNCEMENT

8 November 2012







                           Pentagon Protection plc

                         ("Pentagon" or "the Group")

                                      

                 Trading Update and Result of General Meeting



Trading update



Pentagon Protection plc (AIM: PPR) is pleased to report that its current order
book is valued at more than £2,000,000 and that it has several near term
orders with a high probability of closing worth nearly as much. The Group's
mid to long term sales pipeline remains strong and is valued at more than
£40,000,000. This pipeline includes several high value projects in the Middle
East and Africa which the Group is pursuing in conjunction with its Middle
Eastern office.



General Meeting



As previously announced, the Company has been awarded a number of new
contracts over recent months, with an aggregate value of nearly £2.4 million.
Whilst the Board believes that the Company's current cash position can
adequately cover its working capital requirements to complete these contracts,
the Directors have sought the flexibility to raise further equity as part of
the financing mix to support the working capital requirement for future
contract gains.



Accordingly, at a General Meeting held on 6 November 2012, resolutions to give
the Board this flexibility were duly passed.



As a consequence, the directors now have the authority to allot Ordinary
Shares up to a maximum nominal amount of £91,000, representing approximately
81.7 per cent of the existing ordinary shares in issue, for the period
expiring at the conclusion of next year's AGM. These shares can be issued
either on a pre-emptive basis or on a non-pre-emptive basis.



Enquiries:



Pentagon Protection Plc           Tel: 01494 793 333

Haytham ElZayn, Chairman


Pentagon Protection Plc           Tel: 01494 793 333

Steve Chambers, Managing Director


Seymour Pierce Limited            Tel: 0207 107 8000

Jonathan Wright


Peterhouse Corporate Finance      Tel: 0207 469 0935

Jon Levinson













Notes to Editors:



About Pentagon Protection

Pentagon Protection is a trusted provider of global security and energy saving
solutions for  clients around  the  globe. Admitted  to  AIM in  March  2003, 
Pentagon consists of three divisions focused on preventing and mitigating  the 
terrorist and  extremist  threats,  improving  building  security  and  energy 
efficiency and carbon reduction. Visit the website at Pentagon Protection PLC
or contact us at info@pentagonprotection.com.



About SDS Group Ltd

The SDS Group was acquired by Pentagon Protection in September 2008 to enhance
the group's  portfolio  of  security  products  and  services.  SDS  supplies 
training,  consulting  and  security  equipment,  including  highly-specialist 
security and  search  equipment,  mainly to  governments,  police  forces  and 
security and defence forces in the UK and around the world. Visit the  website 
at SDS Group Limited or contact them at sales@sdsgroupltd.co.uk



About International Glass Solutions

In 2010 Pentagon acquired, which  specialises in window film installation  and 
project management services  for commercial and  government buildings,  retail 
clients and large  office buildings  around the  world. Based  in the  United 
States, IGS improves  the group's  capability and increases  our exposure  and 
reach into  the North  American market.  Visit the  website at  International 
Glass Solutions, LLC or contact them at info@igsfilm.com



Steve Chambers joined Pentagon Protection Plc as Managing Director and was
appointed to the main Board of Directors as of 15 November 2010.



                     This information is provided by RNS
           The company news service from the London Stock Exchange

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