Acta S.p.A. AIM Admission of shares to trading (7335R)
October 30 2013 - 4:53AM
UK Regulatory
TIDMACTA
RNS Number : 7335R
Acta S.p.A.
30 October 2013
Press Release 30 October 2013
Acta S.p.A.
("Acta" or "the Company")
Total Voting Rights
Admission of Shares to Trading on AIM
Following the announcement by Acta (AIM:ACTA), the clean energy
products company, on 25 October 2013 confirming the successful
placing, raising GBP GBP2.1 million (gross), Acta is pleased to
announce that 30,000,000 new ordinary shares of Euro 0.006 each in
the capital of the Company were admitted to trading on AIM at 8.00
a.m. on 30 October 2013.
Acta confirms that, as at 30 October 2013, its issued share
capital comprises 170,431,939 ordinary shares of Euro 0.006 in the
Company ("Ordinary Shares"). All of the Ordinary Shares have equal
voting rights and none of the Ordinary Shares are held in treasury.
The total number of voting rights in Acta is therefore
170,431,939.
The above figure of 170,431,939 may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interests in, or a change to
their interests in, the share capital of Acta under the Disclosure
and Transparency Rules.
- ENDS-
For further information please contact:
Acta S.p.A. Tel: +39 050 644281
Paul Barritt, Chief Financial www.actaspa.com
Officer
Altium Capital (Nominated Tel: +44 (0)845 505 4343
Advisor)
Adrian Reed / Dom Orsini
Cantor Fitzgerald Europe Tel: +44 (0)20 7894 7000
(Broker)
Mark Percy / David Banks
/ Paul Jewell
Media enquiries:
Kreab Gavin Anderson (Financial Tel: +44 20 7074 1800
PR)
Robert Speed / Ross Gillam www.kreabgavinanderson.com
/ Christina Clark
About Acta S.p.A.
Acta S.p.A. is a developer and manufacturer of a range of clean
energy products. Based on its world-leading expertise in alkaline
membrane technology, the Company has developed a unique range of
low-cost, compact hydrogen generators (electrolysers) which produce
pure, dry compressed hydrogen at high efficiency from renewable or
grid power.
In April 2013 Acta launched the Acta Power, an integrated
electrolyser and fuel cell system for use in back-up power and
renewable energy storage applications. Best understood as a
"Hydrogen Battery", the system converts energy from renewable or
grid power when it is available and stores it in the form of
hydrogen, and then converts the hydrogen back to electrical power
when needed due to grid black-out or lack of solar / wind
power.
This system has extensive application as a back-up power unit
for telecommunications base stations, where it competes on cost
against traditional battery and diesel solutions, while offering a
cleaner solution and better service. In particular, the use of
rainwater and the generation of hydrogen on-site removes the cost
and logistical barriers of fuel delivery, while also avoiding the
theft risk associated with diesel, methanol and battery
systems.
The supply of fuel cell back-up power systems for
telecommunications base stations represents a large and
fast-growing market, especially in extensively bad-grid and
off-grid locations such as in Asia and Africa. Battery sales to the
Chinese telecoms industry are currently valued at $4.7 bn to $7.8
bn per annum (Fuel Cell Today, China).
Acta holds a portfolio of patents and patent applications on its
key technologies, manufactures its products through a combination
of production, component subcontracting, and final product assembly
and quality control, and has established distribution channels
through partnerships in China, India, SE Asia, Australia, Africa,
Middle East, Germany, UK, USA and South America.
Acta S.p.A. is based near Pisa, Italy, and was admitted to
trading on AIM in October 2005.
www.actaspa.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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