Resignation of Nominated Adviser and Company Vo...

KleenAir Systems International Plc (the 'Company') Company Voluntary Arrangement/Resignation of Nominated Adviser 2 March 2009 The Directors announce that, on the advice of the insolvency practitioner appointed in February, they have resolved to appoint a liquidator to the Company's main operating subsidiary, KleenAir Systems Limited ("KSL"). The Company has accordingly appointed The Kelmanson Partnership of Avco House,6 Albert Road, Barnet, Herts, EN4 9SH in relation to KSL. The Directors have also resolved that the Company enter into a Company Voluntary Arrangement ("CVA") and have appointed Mark Reynolds of Valentine and Co., 4 Dancastle Court, 14 Arcadia Avenue, LONDON, N3 2HS to prepare a CVA proposal. The Company also announces the resignation of its nominated adviser with effect from close of business on 15 March 2009. In the event that an alternative Nominated Adviser is not appointed on or before 7.00 am on 16 April 2009 then, in accordance with Rule 1 of the AIM Rules for Companies, the admission of the Company's ordinary shares to trading on AIM will be cancelled. For further information please contact: Lionel Simons 07799 690 785 Chairman & Chief Executive Nick Harriss/Peter Trevelyan-Clark 020 7489 4500 Blomfield Corporate Finance Ltd END
UK 100

Latest directors dealings