CAP.L Regulatory News (CAP)

6 Mar 2006 15:48

Clean Air Power Limited06 March 2006 For Immediate Release 6 March 2006 Clean Air Power Limited Investment by Spinner Global Technology Fund, Ltd. Spinner Global Technology Fund, Ltd. ("Spinner") has agreed to subscribe for587,000 common shares of US$0.001 each ("Common Shares") in Clean Air PowerLimited ("Clean Air Power" or "the Company"). Spinner is a specialist investorin smaller capitalisation technology companies and indicated its interest inacquiring an investment shortly prior to Clean Air Power's admission to AIM at aprice of 100p per share. The Board of Clean Air Power is delighted to haveSpinner as an investor in the Company. Accordingly the Company has agreed toissue Spinner 587,000 Common Shares at 100p for cash. Spinner has separatelyacquired 413,000 Common Shares in Clean Air Power. Following these transactions,Spinner will hold 1,000,000 Common Shares in aggregate, equivalent to 3.73 percent of Clean Air Power's total issued share capital. Clean Air Power has applied for admission to AIM for an additional 587,000Common Shares; admission is expected on 10 March 2006. For further details Clean Air Power Tel: +44 (0) 1772 624499John Pettitt, Chief ExecutivePeter Rowse, Finance Director Buchanan Communications Tel: +44 (0)20 7466 5000Charles Ryland/Ben Willey/Elly Williamson The content of this announcement has been prepared by and is the soleresponsibility of the Company. No offer, invitation or inducement to acquire shares or other securities in theCompany is being made by or in connection with this announcement. Certain statements made in this announcement are forward looking statements.Such statements are based on current expectations and are subject to a number ofrisks and uncertainties that could cause actual results and performance todiffer materially from any expected further results or performances, express orimplied, by the forward looking statements. Factors that might cause forwardlooking statements to differ materially from actual results include, among otherthings, regulatory and economic factors. The Company assumes no responsibilityto update any of the forward looking statement contained herein. Further, anyindication in this announcement of the price at which common shares have beenbought or sold in the past cannot be relied upon as a guide to futureperformance. This announcement is not for distribution or transmission, directly orindirectly, in or into the United States, Canada, Australia, Japan, New Zealandor the Republic of South Africa and does not constitute, or form part of, anoffer to sell or the solicitation of an offer to subscribe for or buy and anysecurities ("Securities"), nor the solicitation of any vote or approval in anyjurisdiction, nor shall there be any sale, issue or transfer of the Securitiesreferred to in this announcement in any jurisdiction in contravention ofapplicable law. The Securities have not been and will not be registered under the US SecuritiesAct of 1933, as amended (the "Securities Act") and may not be offered or sold inthe United States unless registered under the Securities Act or an exemptionfrom such registration is available. No public offering of Securities of theCompany is being made in the United States." This information is provided by RNS The company news service from the London Stock Exchange