Clean Air Power Limited Gift Of Common Shares (7864R)
November 22 2012 - 6:06AM
UK Regulatory
TIDMCAP
RNS Number : 7864R
Clean Air Power Limited
22 November 2012
Clean Air Power Ltd
("Clean Air Power" or "the Company")
GIFT OF COMMON SHARES TO LONG SERVING EMPLOYEES
Clean Air Power Limited (AIM:CAP), the developer and provider of
Dual-Fuel(TM) combustion technology for heavy duty diesel engines,
is pleased to announce that it acquired 47,500 of its own common
shares at 7 pence each on 21 November 2012 to be gifted to
employees under the Company's scheme for awarding long service.
Awards have been made to eight employees each of whom has served
at least 10 years with the Company and three of whom have service
in excess of 25 years. All employees concerned are based at the
Company's US subsidiary.
In presenting the long-service awards, John Pettitt, Chief
Executive of Clean Air Power Ltd said; 'The recruitment and
retention of excellent people is the core of a great business.
Clean Air Power has been fortunate to have done this for many years
with the result that we have a talented group of people whose
knowledge of Dual-Fuel & natural gas vehicles is class leading
in the world of NGVs. By using shares, we hope that colleagues with
long service will also benefit from the performance of the Company
to which they have devoted so much of their career.'
For further information:-
Clean Air Power Limited Tel: +44 (0)1772 624 499
John Pettitt,
Peter Rowse
Seymour Pierce Limited (Nominated Tel: +44 (0) 20 7107 8000
Adviser)
Mark Percy/David Foreman
Corporate Broking
David Banks
Buchanan Communications Tel: +44 (0) 20 7466 5000
Charles Ryland / Ben Romney
Notes to Editors
About Clean Air Power
Clean Air Power is the developer and provider of Dual-Fuel(TM)
combustion technology for heavy duty diesel engines. Dual-Fuel(TM)
engines substantially cut fuel costs and carbon emissions without
sacrificing the original engine's characteristic efficiency or
reliability. Clean Air Power is well positioned to assist
corporations and governments to deliver on their environmental
commitments while at the same time reducing transport operators
overheads.
Initially founded in the USA in 1991, around GBP40m has been
invested in developing the technology with the result that 65
patents are currently held or pending. The holding company of the
Group is based in Bermuda with operational subsidiaries in the UK,
the USA and Australia. The Group was admitted to the AIM market of
the London Stock Exchange in February 2006.
Further information on Clean Air Power is available at
www.cleanairpower.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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