Clean Air Power Limited Gift Of Common Shares (7864R)

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

MSCBTBMTMBATBPT

Clean Air (LSE:CAP)
Historical Stock Chart
From Jul 2024 to Aug 2024