Last checked at 16 Mar 2010 15:06
KLEENAIR SYSTEMS INTERNATIONAL PLC
(AIM: KSI)
Exercise of Option in relation to Convertible Loan Note
Kleenair Systems International Plc ("the Company") announces that under the secured loan note agreement dated 29 July 2009 pursuant to a loan note instrument dated 29 July 2009, Global Investment Strategy (UK) Ltd ("GIS") has exercised an option to subscribe for a further 86,254 GBP1 convertible loan notes ("CLNs") of the Company.
The subscription for the further CLNs is made in satisfaction of debts owed by the Company totalling £78,413 and is inclusive of 10 per cent commission payable to GIS. The remaining total number of CLNs over which GIS holds an option to purchase at GBP1 is 112,270.
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| Kleenair Systems International plc | www.kleenairsystems.co.uk |
| Sarah Pozner, Company Secretary | +44 (0) 207 736 3498 |
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| Biddicks | www.biddicks.co.uk |
| Zoë Biddick | +44 (0)20 7448 1000 |
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| WH Ireland Limited | www.wh-ireland.co.uk |
| JN Wakefield | +44 (0) 117 945 3470 |