Exercise of Option in relatio

RNS Number : 6720I

Kleenair Systems International PLC

16 March 2010

 



KLEENAIR SYSTEMS INTERNATIONAL PLC

(AIM: KSI)

Exercise of Option in relation to Convertible Loan Note

Kleenair Systems International Plc ("the Company") announces that under the secured loan note agreement dated 29 July 2009 pursuant to a loan note instrument dated 29 July 2009,  Global Investment Strategy (UK) Ltd ("GIS") has exercised an option to subscribe for a further 86,254 GBP1 convertible loan notes ("CLNs") of the Company.

The subscription for the further CLNs is made in satisfaction of debts owed by the Company totalling £78,413 and is inclusive of 10 per cent commission payable to GIS.  The remaining total number of CLNs over which GIS holds an option to purchase at GBP1 is 112,270.

Contacts:
Kleenair Systems International plc	www.kleenairsystems.co.uk
Sarah Pozner, Company Secretary	[phone]
Biddicks	www.biddicks.co.uk
Zoë Biddick	[phone]
WH Ireland Limited	www.wh-ireland.co.uk
JN Wakefield	[phone]

 

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