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24 Dec 2014 07:00
Wednesday, 24 December 2014
Ceramic Fuel Cells Limited("Ceramic" or the "Company")
Conversion of Loan Notes
Ceramic Fuel Cells Limited (AIM / ASX: CFU), a leading developer of generators that use fuel-cell technology to convert natural gas into electricity and heat for homes and other buildings, announces that it has received a loan note conversion notice from Bergen Global Opportunity Fund, LP, for US$100,000 of the secured convertible loan notes issued under the Agreement dated 24 March 2014.
As a result of this conversion notice the Company will issue 24,670,000 new ordinary shares of nil par value at the price of A$0.005 each (the "New Shares") to Bergen Global Opportunity Fund, LP.
Application has been made for the New Shares to be admitted to trading on AIM and it is expected that this will take place on or around 31st December 2014. Application will also be made to the ASX to have these shares admitted to quotation once they have been issued. These shares will rank pari passu with the existing Ordinary Shares in issue.
Following Admission, the Company's total issued share capital will consist of 2,874,514,711 Ordinary Shares. No Ordinary Shares are held in treasury and therefore the number of Ordinary Shares with voting rights will be 2,874,514,711. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the ASX/AIM's Substantial Shareholder Notices.
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For more information please contact:
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Ceramic Fuel Cells Limited | ||||
Bob Kennett (UK)
Clifford Ashby (Australia) | Tel. Tel. | : +44 (0) 7764 200 661 : investor@cfcl.com.au : +61 (0) 3 9554 2300 : investor@cfcl.com.au | ||
Arden Partners Plc (AIM Nomad) | ||||
Steve Douglas Michael McNeilly | Tel. | : +44 (0) 121 423 8900
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About Ceramic Fuel Cells Limited
Ceramic Fuel Cells Limited is a world leader in developing fuel cell technology to generate highly efficient and low-emission electricity from widely available natural gas. Ceramic Fuel Cells Limited has sold its BlueGEN gas-to-electricity generator to major utilities and other foundation customers in Germany, the United Kingdom, Switzerland, The Netherlands, France, Italy, Poland, Japan, South Korea, Australia, and the USA. Ceramic Fuel Cells Limited is also developing fully integrated power and heating products with leading energy companies E.ON UK in the United Kingdom and EWE in Germany. The company is listed on the London Stock Exchange AIM market and the Australian Securities Exchange (code CFU).
www.cfcl.com.au
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