1 Jul 2010 07:00
| Date: | 1 July 2010 |
| On behalf of: | Advanced Power Components PLC ('APC' or 'the Company') |
| Embargoed until: | 0700hrs |
Advanced Power Components plc
Issue of Equity
Advanced Power Components plc, the UK specialist distributor and manufacturers' representative of electronic components, is pleased to announce that the Company has issued 437,420 new ordinary shares of 2p each ("Shares") to Mr and Mrs S Fish (218,710 Shares) and Mr and Mrs E Malisoff (218,710 Shares) at a subscription price of 15.15p per Share, raising proceeds £66,268 which will be used for general working capital purposes. Mr Fish and Mr Malisoff are the owners of Malfish Enterprises LLC and two of the individuals behind the energy saving technology that APC adapted for use in its 'imop' energy saving product.
Application has been made for the Shares to be admitted to trading on AIM, with effect from 7 July 2010. Immediately following the issue of these Shares, the Company will have 25,150,928 ordinary shares in issue.
Commenting on the share issue, Mark Robinson, Chief Executive of Advanced Power Components, said:
"This investment in APC by the owners of Malfish Enterprises LLC strengthens the relationship between the two companies. Malfish is developing a number of environmental technology devices which we hope will increase our portfolio of products in the future and further help us to take advantage of what we believe is a very important growth market."
-Ends-
Enquiries:
| Advanced Power Components plc | 01480 226600 |
| Mark Robinson, Chief Executive Officer | www.apc-plc.co.uk |
|
|
|
| Redleaf Communications | 020 7566 6727 |
| Henry Columbine/ Lucy Salaman | apc@redleafpr.com |
|
|
|
| Strand Hanson Limited | 020 7409 3494 |
| James Harris/ Angela Peace |
|
|
|
|
| Astaire Securities | 020 7448 4400 |
| Ruari McGirr |
|
Notes to Editors:
About Advanced Power Components
APC plc is a leading specialist distributor of electronic components, comprising eight areas of activity:
¡ APC Hi-Reldistributes a variety of specialist electronic components into applications where component reliability is of paramount importance. Hi-Rel's franchised product lines include power semiconductors, power supplies, memory, wound and high voltage components.
¡ APC Locator is the number one solutions provider for obsolete and hard-to-find parts, with 25 years' experience in the industrial and defence/aerospace markets across Europe.
¡ APC Hero has a specialist team of Product Managers ready to assist with your next design, our key areas include LEDS/LAMPS, drivers, wireless devices and modules, Zigbee, specialist sensors and crystals (plus fast turn around on programming).
¡ APC Go! provides a kitting and materials management service to companies wanting to outsource non core activities, offering services ranging from material procurement to full production management.
¡ APC Displays+ provides dedicated technical and commercial support for a wide range of LCD`s, standard, custom, TFT, e-signage, character, graphics, driver boards, IC`s, single board computers and all related connectivity.
¡ APC Novacom is a distributor and manufacturers' representative for RF and microwave frequency electronic components. The business is managed by a team of technical specialists with many years experience in the RF and Microwave industry.
¡ APC Contech is a distributor of specialist data input devices for industrial, broadcasting and medical sectors providing technically advanced solutions for specific application areas.
¡ APC KVARis a manufacturer and distributor of power saving equipment which optimises the performance of electrical motors, leading to reduced energy consumption and cost savings.