Issue of Equity

RNS Number : 8000F

Kleenair Systems International PLC

19 January 2010

 



KleenAir Systems International Plc ("the Company") 

Issue of Equity 

19 January 2010 

The Company announces that Global Investment Strategy (UK) Ltd ("GIS") on 14 January 2010 agreed to convert a further GBP7,500 of the outstanding debt into 75,000 ordinary shares of 1 pence each, representing 6.44 per cent. of the enlarged issued share capital of the Company. These shares have been placed with an unconnected third party. 

Application for these shares to be admitted to trading on AIM has been made and is expected to occur on 25 January 2010. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following this issue the Company will have 1,164,546 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 1,164,546 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 1,164,546. 

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 GBP164,174, convertible into 1,641,740 ordinary shares (this figure includes the issue to GIS on 27 November 2009 of GBP32,348 convertible loan notes, convertible into 323,480 Ordinary Shares of 1 penny each). 

Enquiries: 

Biddicks 

Zoe Biddick 

Telephone: [phone] 

W.H. Ireland 

[phone] 

Katy Birkin

 

END

 

 

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