TIDMCAP

RNS Number : 6508G

Clean Air Power Limited

16 May 2011

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i) 
------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the 
 underlying issuer of existing shares to 
 which voting rights are attached:           CLEAN AIR POWER LIMITED 
------------------------------------------  ---------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights                             YES 
---------------------------------------------------------------------  ------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached                                       YES 
---------------------------------------------------------------------  ------- 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments                              NO 
---------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights                         NO 
---------------------------------------------------------------------  ------- 
 Other (please 
  specify):                                                              N/A 
---------------  ----------------------------------------------------  ------- 
 3. Full name of person(s) subject 
  to the                               CSFB STRATEGIC PARTNERS HOLDINGS II, 
  notification obligation:              L.P. 
------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):              - 
------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date 
  on 
  which the threshold is crossed or 
  reached:                             12 May 2011 
------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:     13 May 2011 
------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached:                             28% 
------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
----------------------------------------------------------------------------------------------------------------- 
 Class/type 
 of shares if 
 possible       Situation previous 
 using the       to the triggering            Resulting situation after the triggering 
 ISIN CODE       transaction                   transaction 
-------------  ----------------------------  -------------------------------------------------------------------- 
                               Number 
                Number          of 
                 of             Voting        Number         Number of voting 
                 Shares         Rights         of shares      rights                   % of voting rights 
-------------  -------------  -------------  -------------  ------------------------  --------------------------- 
                                              Direct         Direct         Indirect   Direct         Indirect 
-------------    -----------  -----------    -------------  -------------  ---------  -------------  ------------ 
 Common 
 Shares of 
 US$0.001 
 each           21,704,058     21,704,058     25,841,989     25,841,989     -          27.29%         - 
               -------------  -------------  -------------  -------------  ---------  -------------  ------------ 
 ISIN: 
 BMG2287M1047 
-------------    -----------  -----------    -----------    -----------    ---------      -----         --------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------- 
                                                                          Number of voting 
                                                                          rights that may be 
                                                                          acquired if the         % of voting 
 Type of                                                                  instrument is           rights (on a 
 financial      Expiration                  Exercise/                     exercised/              fully diluted 
 instrument      date                        Conversion Period            converted.              basis) 
-------------  --------------------------  ----------------------------  ----------------------  ---------------- 
 Warrant over 
 common                                     4 July 2008 to 
 shares         3 July 2011                  3 July 2011                  1,093,230               1.09% 
-------------  --------------------------  ----------------------------  ----------------------  ---------------- 
 Warrant over                               8 October 2008 
 common                                      to 
 shares         7 October 2011               7 October 2011               1,562,500               1.55% 
-------------  --------------------------  ----------------------------  ----------------------  ---------------- 
 Warrant over                               15 December 2008 
 common                                      to 
 shares         14 December 2011             14 December 2011             1,873,380               1.86% 
-------------  --------------------------  ----------------------------  ----------------------  ---------------- 
 Warrant over                               6 February 2009 
 common                                      to 
 shares         5 February 2012              5 February 2012              890,980                 0.89% 
-------------  --------------------------  ----------------------------  ----------------------  ---------------- 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------- 
 Type of                                    Exercise/        Number of voting 
 financial        Exercise     Expiration    Conversion       rights instrument            % of voting rights( 
 instrument        price        date         period           refers to                     ) 
---------------  -----------  -----------  ---------------  ----------------------------  ----------------------- 
 -                -            -            -                -                             Nominal       Delta 
---------------  -----------  -----------  ---------------  ----------------------------  ------------  --------- 
                                                                                           -             - 
-------------    -----------  -----------    -----------    -----------    ---------      ------------  --------- 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                   Percentage of voting rights 
--------------------------------------------------------  ------------------------------------------------------- 
 31,262,079                                                31.09% 
--------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------ 
                                                                           N/A 
 
 Proxy Voting: 
------------------------------------------------------------------------------ 
 10. Name of the proxy holder:                      - 
-------------------------------------------------  --------------------------- 
 11. Number of voting rights proxy holder will      - 
  cease 
  to hold: 
-------------------------------------------------  --------------------------- 
 12. Date on which proxy holder will cease to       - 
  hold 
  voting rights: 
-------------------------------------------------  --------------------------- 
 
 13. Additional information:             - 
--------------------------------------  -------------------------------------- 
 14. Contact name:                       David J. Corey 
--------------------------------------  -------------------------------------- 
 15. Contact telephone number:           001.415.249.8918 
--------------------------------------  -------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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