15 Oct 2013 07:00
Market
Announcement
Tuesday 15 October 2013
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 Alasdair Locke, Chairman of Ceramic who holds £200,000 of the secured convertible loan notes issued in May 2013 ("Loan Notes").
Shareholder approval for Mr Locke's subscription for these loan notes and conversion into ordinary shares was obtained on 2 July 2013.
As a result of this conversion notice the Company will issue 9,345,794 new ordinary shares of nil par value at the price of 2.14 pence each (the "New Shares") to Alasdair Locke. Following the issue Alasdair Locke will hold 83,258,782 ordinary shares representing 5.2% of the enlarged issued share capital.
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 23rd October 2013. 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 pasu with the existing Ordinary Shares in issue.
Following Admission, the Company's total issued share capital will consist of 1,601,287,414 Ordinary Shares. No Ordinary Shares are held in treasury and therefore the number of Ordinary Shares with voting rights will be 1,601,287,414. 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 further information please contact:
For more information please contact:
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Ceramic Fuel Cells Limited |
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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 |
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Arden Partners Plc (AIM Nomad) |
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Steve Douglas | Tel. | : +44 (0) 121 423 8900
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Australian media enquiries | |||||
Richard Allen Oxygen Financial Public Relations
| Tel. | : +61 (0) 3 9915 6341 : richard@oxygenpr.com.au
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UK media enquiries | |||||
David Sturken Maitland | Tel. | : +44 (0) 207 379 5151 : dsturken@maitland.co.uk
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German media enquiries | |||||
Sebastian Mewissen Hering Schuppener Consulting | Tel. | : +49 211 430 7926 : smewissen@heringschuppener.com
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The Netherlands media enquiries | |||||
Kees Jongsma SPJ Leon Melens SPJ | Tel. Tel. | : +31 (0) 20 647 8181 : cjongsma@spj.nl : +31 (0) 20 647 8181 : lmelens@spj.nl | |||
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, Italy, Japan, 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