Clean Air Power Limited Issue of Equity (4250O)
August 06 2014 - 8:05AM
UK Regulatory
TIDMCAP
RNS Number : 4250O
Clean Air Power Limited
06 August 2014
6 August 2014
Clean Air Power Limited
("Clean Air Power" or the "Company")
Issue of Equity
Clean Air Power (AIM:CAP), the developer and global leader in
Dual-Fuel engine management software for heavy duty vehicles,
announces that it has issued and allotted 312,500 new common shares
of USD 0.001 each in the Company ("Common Shares") to Gustin
Partners Ltd as payment for recruitment services under arrangements
agreed in advance.
Application has been made to the London Stock Exchange for the
312,500 new Common Shares to be admitted to trading on AIM
("Admission") and it is expected that Admission will take place on
or around 11 August 2014. Following Admission, the Company's total
issued share capital will consist of 256,849,139 Common Shares, all
with voting rights. This is the figure which may be used by
shareholders in the Company as the denominator for the calculations
in which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Clean Air Power Tel: +44 (0)1772 624 499
John Pettitt, Chief Executive
Neill Skinner, Chief Financial Officer
Citigate Dewe Rogerson Tel: +44 (0)20 7282 2867
Malcolm Robertson Tel: +44 (0)20 7886 2500
Chris Gardner Tel: +44 (0)20 3540 1720
Panmure Gordon
Corporate Finance
Freddy Crossley / Atholl Tweedie
Corporate Broking
Tom Salvesen
Peat & Co
Charlie Peat
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 GBP50m has been
invested in developing the technology with the result that 66
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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