22 Dec 2011 07:00
The headline for the Clean Air Power Ltd announcement released on 21 December 2011 at 17.59pm under RNS No. 4635U now reads Posting of Circular.
For Immediate Release | 22 December 2011 |
Clean Air Power Ltd
("Clean Air Power" or "the Company")
Posting of Circular
Clean Air Power Limited (AIM: CAP), the developer and provider of Dual-FuelTM combustion technology for heavy-duty diesel engines, announces that yesterday a circular has been sent to shareholders seeking shareholder approval at a Special General Meeting to increase the authorized share capital from US$150,000 to US$200,000 by the authorisation of a further 50,000,000 Common Shares (the "Resolution").
Following the recent fundraising as announced 29 November 2011 the Board of Directors has proposed that the authorized share capital of the Company be increased in order to ensure that the Company has sufficient authorized but unissued share capital for any future issues of Common Shares.
A copy of the circular will be available on the company website:- www.cleanairpower.com
For further information please contact:
Clean Air Power +44 (0)1772 624 499
John Pettitt, Chief Executive
Peter Rowse, Group Finance Director
Buchanan Communications +44 (0)20 7466 5000
Charles Ryland
Ben Romney
Seymour Pierce +44 (0)20 7107 8000
Freddy Crossley/
Mark Percy
David Banks (Corporate Broking)
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.