23 Oct 2013 17:31
AUHUA CLEAN ENERGY PLC
("Auhua" or "the Company")
Issue of Equity
Auhua Clean Energy plc, the AIM quoted (AIM: ACE) environmental technology group announces that further to its announcement dated 21 October 2013, application has been made for the admission to trading on AIM of 6,356,450 ordinary shares of the Company, to satisfy a contractual sign-on bonus to David Sumner following his appointment as Vice Chairman and non-executive director of the Company (the "Consideration Shares"). Admission of the Consideration Shares is expected to take place on 29 October 2013.
The Consideration Shares are subject to a lock-in for a period of six months from the date of issue.
Following the issue of these ordinary shares, the Company's total issued ordinary share capital will be 69,921,395 ordinary shares.
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Further Enquiries:
Auhua Clean Energy plc | Raphael Tham, Chairman | +65 9768 6046 |
Grant Thornton UK LLP (Nominated Adviser)
| Philip Secrett/ Maureen Tai/ Jamie Barklem | +44 (0)20 7383 5100 |
Beaufort Securities Limited (Broker) | Christopher Rourke/ Guy Wheatley | +44 (0)20 7382 8300 |
Brunswick Group | Heather Salmond/ Jade Mamarbachi / Carolina Danspeckgruber | +971 4 446 6270 / +44 20 7404 5959 |
About Auhua Clean Energy
Auhua Clean Energy (www.auhuacleanenergy.com) is an environmental technology group based in the Shandong Province of Eastern China specialising in the development and application of green energy and energy efficient solar water heating solutions. In particular, the Group is focused on the manufacture and sale of split-unit solar water heating systems.
Auhua Clean Energy operates through its wholly owned subsidiaries Shandong Auhua New Energy Co., Ltd and Weihua Auhua New Energy Co., Ltd., of which Auhua Holdings Pte Ltd is the intermediate holding company.