Issue of Equity

RNS Number : 5837F

Kleenair Systems International PLC

14 January 2010

 



KleenAir Systems International Plc ("the Company") 

Issue of Equity 

14 January 2010

The Company announces that Global Investment Strategy (UK) Ltd on 13 January 2010 agreed to convert a further GBP20,573 of the outstanding debt into 205,734 ordinary shares of 1 pence each, representing 18.88 per cent. of the enlarged issued share capital of the Company. These shares have been placed with unconnected third parties. 

Application for these shares to be admitted to trading on AIM has been made and is expected to occur on 20 January 2010. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following this issue the Company will have 1,089,546 Ordinary Shares of 1 pence each in issue. 

In accordance with the transitional provisions of the Disclosure and Transparency Rules of the Financial Services Authority, the Company confirms that, following this issue, its issued share capital comprises 1,089,546 Ordinary Shares of 1 penny each, 400,932 Deferred Shares of 99 pence each and 122,120 B Ordinary Shares of 1 penny each. The Deferred Shares and B Ordinary Shares have no voting rights. 

All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 1,089,546. 

This figure may 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 to their interest in, the share capital of the Company under the Disclosure and Transparency Rules. 

Following this transaction the total secured convertible debt outstanding is GBP139,426, convertible into 1,394,260 ordinary shares. 

Enquiries: 

Bidicks

Zoe Biddick

Telephone: [phone]
Email: [e-mail]

W.H. Ireland

[phone]

Katy Birkin 

 

END

 

 

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