20 Mar 2014 07:00
20 March 2014
Clean Air Power Limited
("Clean Air Power" or the "Company")
Exercise of Options,
Issuance of Shares to Employees for Long Service and
Total Voting Rights
Clean Air Power (AIM:CAP), the developer and global leader in Dual-Fuel engine management software for heavy-duty vehicles announces that it has issued and allotted 500,000 new common shares of US$0.001 each in the Company ('Common Shares') pursuant to the exercise of options by a former director of the Company.
The Company has also issued and allotted 17,500 new Common Shares as long service awards to certain employees of the Company.
Application has been made to the London Stock Exchange for the 517,500 new Common Shares to be admitted to trading on AIM on 21 March 2014 ("Admission"). Following Admission, the number of Common Shares in issue, and the total number of voting rights, will have increased to 231,536,639. This is the figure which may be used by shareholders in the Company as the denominator for the calculations in which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Clean Air Power John Pettitt, Chief Executive Neill Skinner, Finance Director
| Tel: +44 (0)1772 624 499 |
Citigate Dewe Rogerson Malcolm Robertson Chris Gardner
Cantor Fitzgerald Europe David Foreman / Mark Percy (Corporate Finance) David Banks / Paul Jewell (Corporate Broking)
Peat & Co Charlie Peat Andy Cuthill
| Tel: +44 (0)20 7282 2867
Tel: +44 (0)20 7894 7000
Tel: +44 (0)20 7894 7632
Tel: +44 (0)20 3540 1721
|
Notes to Editors
About Clean Air Power
Clean Air Power is the developer and provider of Dual-Fuel™ combustion technology for heavy duty diesel engines. Dual-Fuel™ engines substantially cut fuel costs and carbon emissions without sacrificing the original engine's characteristic efficiency or reliability. Clean Air Power is well positioned to assist corporations and governments to deliver on their environmental commitments while at the same time reducing transport operators overheads.
Initially founded in the USA in 1991, around £50m has been invested in developing the technology with the result that 65 patents are currently held or pending. The holding company of the Group is based in Bermuda with operational subsidiaries in the UK, the USA and Australia. The Group was admitted to the AIM market of the London Stock Exchange in February 2006.
Further information on Clean Air Power is available at www.cleanairpower.com