Ceramic Fuel Cells Limited Conversion of Loan Notes (4885Q)
October 15 2013 - 2:00AM
UK Regulatory
TIDMCFU
RNS Number : 4885Q
Ceramic Fuel Cells Limited
15 October 2013
Market
Announcement
Tuesday 15 October 2013
Ceramic Fuel Cells Limited
("Ceramic" or the "Company")
Conversion of Loan Notes
Ceramic Fuel Cells Limited (AIM / ASX: CFU), a leading developer
of generators that use fuel-cell technology to convert natural gas
into electricity and heat for homes and other buildings, announces
that it has received a loan note conversion notice from Alasdair
Locke, Chairman of Ceramic who holds GBP200,000 of the secured
convertible loan notes issued in May 2013 ("Loan Notes").
Shareholder approval for Mr Locke's subscription for these loan
notes and conversion into ordinary shares was obtained on 2 July
2013.
As a result of this conversion notice the Company will issue
9,345,794 new ordinary shares of nil par value at the price of 2.14
pence each (the "New Shares") to Alasdair Locke. Following the
issue Alasdair Locke will hold 83,258,782 ordinary shares
representing 5.2% of the enlarged issued share capital.
Application has been made for the New Shares to be admitted to
trading on AIM and it is expected that this will take place on or
around 23rd October 2013. Application will also be made to the ASX
to have these shares admitted to quotation once they have been
issued. These shares will rank pari pasu with the existing Ordinary
Shares in issue.
Following Admission, the Company's total issued share capital
will consist of 1,601,287,414 Ordinary Shares. No Ordinary Shares
are held in treasury and therefore the number of Ordinary Shares
with voting rights will be 1,601,287,414. This figure should be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change in their interest in, the Company under
the ASX/AIM's Substantial Shareholder Notices.
-End-
For further information please contact:
For more information please contact:
Ceramic Fuel Cells Limited
Bob Kennett (UK) Tel. : +44 (0) 7764 200
Email 661
Clifford Ashby Tel. : investor@cfcl.com.au
(Australia) Email : +61 (0) 3 9554
2300
: investor@cfcl.com.au
Arden Partners Plc (AIM Nomad)
Steve Douglas Tel. : +44 (0) 121 423
8900
Australian media enquiries
Richard Allen Tel. : +61 (0) 3 9915
Oxygen Financial Email 6341
Public Relations : richard@oxygenpr.com.au
UK media enquiries
David Sturken Tel. : +44 (0) 207 379
Maitland Email 5151
: dsturken@maitland.co.uk
German media enquiries
Sebastian Mewissen Tel. : +49 211 430 7926
Hering Schuppener Email : smewissen@heringschuppener.com
Consulting
The Netherlands media enquiries
Kees Jongsma Tel. : +31 (0) 20 647
SPJ Email 8181
Leon Melens Tel. : cjongsma@spj.nl
SPJ Email : +31 (0) 20 647
8181
: lmelens@spj.nl
About Ceramic Fuel Cells Limited
Ceramic Fuel Cells Limited is a world leader in developing fuel
cell technology to generate highly efficient and low-emission
electricity from widely available natural gas. Ceramic Fuel Cells
Limited has sold its BlueGEN gas-to-electricity generator to major
utilities and other foundation customers in Germany, the United
Kingdom, Switzerland, The Netherlands, Italy, Japan, Australia, and
the USA. Ceramic Fuel Cells Limited is also developing fully
integrated power and heating products with leading energy companies
E.ON UK in the United Kingdom and EWE in Germany. The company is
listed on the London Stock Exchange AIM market and the Australian
Securities Exchange (code CFU).
www.cfcl.com.au
This information is provided by RNS
The company news service from the London Stock Exchange
END
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