RNS Number:3695Z
Clean Air Power Limited
06 March 2006


For Immediate Release                                              6 March 2006


                            Clean Air Power Limited

               Investment by Spinner Global Technology Fund, Ltd.



Spinner Global Technology Fund, Ltd. ("Spinner") has agreed to subscribe for
587,000 common shares of US$0.001 each ("Common Shares") in Clean Air Power
Limited ("Clean Air Power" or "the Company"). Spinner is a specialist investor
in smaller capitalisation technology companies and indicated its interest in
acquiring an investment shortly prior to Clean Air Power's admission to AIM at a
price of 100p per share. The Board of Clean Air Power is delighted to have
Spinner as an investor in the Company. Accordingly the Company has agreed to
issue Spinner 587,000 Common Shares at 100p for cash. Spinner has separately
acquired 413,000 Common Shares in Clean Air Power. Following these transactions,
Spinner will hold 1,000,000 Common Shares in aggregate, equivalent to 3.73 per
cent of Clean Air Power's total issued share capital.


Clean Air Power has applied for admission to AIM for an additional 587,000
Common Shares; admission is expected on 10 March 2006.


For further details

Clean Air Power                                 Tel: +44 (0) 1772 624499
John Pettitt, Chief Executive
Peter Rowse, Finance Director

Buchanan Communications                         Tel: +44 (0)20 7466 5000
Charles Ryland/Ben Willey/Elly Williamson


The content of this announcement has been prepared by and is the sole
responsibility of the Company.


No offer, invitation or inducement to acquire shares or other securities in the
Company is being made by or in connection with this announcement.

Certain statements made in this announcement are forward looking statements.
Such statements are based on current expectations and are subject to a number of
risks and uncertainties that could cause actual results and performance to
differ materially from any expected further results or performances, express or
implied, by the forward looking statements. Factors that might cause forward
looking statements to differ materially from actual results include, among other
things, regulatory and economic factors. The Company assumes no responsibility
to update any of the forward looking statement contained herein. Further, any
indication in this announcement of the price at which common shares have been
bought or sold in the past cannot be relied upon as a guide to future
performance.

This announcement is not for distribution or transmission, directly or
indirectly, in or into the United States, Canada, Australia, Japan, New Zealand
or the Republic of South Africa and does not constitute, or form part of, an
offer to sell or the solicitation of an offer to subscribe for or buy and any
securities ("Securities"), nor the solicitation of any vote or approval in any
jurisdiction, nor shall there be any sale, issue or transfer of the Securities
referred to in this announcement in any jurisdiction in contravention of
applicable law.

The Securities have not been and will not be registered under the US Securities
Act of 1933, as amended (the "Securities Act") and may not be offered or sold in
the United States unless registered under the Securities Act or an exemption
from such registration is available. No public offering of Securities of the
Company is being made in the United States."






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

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