Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksInspirit Energy Regulatory News (INSP)

  • This share is currently suspended. It was suspended at a price of 0.0019
  • There is currently no data for INSP

Issue of Equity

7 Jun 2010 16:17

RNS Number : 1950N
Kleenair Systems International PLC
07 June 2010
 



KLEENAIR SYSTEMS INTERNATIONAL PLC

(AIM: KSI)

 

Issue of Equity

Kleenair Systems International Plc ("Kleenair" or "the Company") announces that Global Investment Strategy (UK) Ltd ("GIS") has agreed to convert a further £161,000 of the outstanding debt into 1,610,000 ordinary shares of 1 pence each ("Ordinary Shares"). These shares have been placed with unconnected third parties to GIS. The third parties with a discloseable interest are as follows:

 

Name

New Shares

Revised Holding

% of enlarged share capital

Basinco Holdings

 216,666

216,666

13.8

Userino Holdings

 833,333

833,333

27.6

John Gunn

 500,001

500,001

16.5

 

Following this conversion the outstanding secured convertible debt held by GIS ("the Loan Note") is £64,429, convertible into a further, 644,286 new Ordinary Shares. Under the Loan Note agreement the total maximum amount which may be advanced to Kleenair is £440,000. Currently the total amount advanced to Kleenair is £338,502 of which GIS has converted £274,073 worth.

 

Application for these shares to be admitted to trading on AIM has been made and is expected to occur on 11 June 2010. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following this issue the Company will have 3,024,546 Ordinary Shares of 1 pence each in issue.

 

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R), the Company confirms that, following this issue, its issued share capital comprises 3,024,546 Ordinary Shares of 1 penny each, 400,932 Deferred Shares of 99 pence each and 122,120 B Ordinary Shares of 1 penny each. The Deferred Shares and B Ordinary Shares have no voting rights. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 3,024,546. This figure may 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 to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

 

Contacts:

Kleenair Systems International plc

www.kleenairsystems.co.uk

Sarah Pozner, Company Secretary

+44 (0) 207 736 3498

Biddicks

www.biddicks.co.uk

Zoë Biddick

+44 (0) 20 7448 1000

WH Ireland Limited

www.wh-ireland.co.uk

JN Wakefield / Marc Davies

+44 (0) 117 945 3470

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEEDLFBBQFFBBQ
Date   Source Headline
10th Nov 20062:33 pmRNSHolding(s) in Company
7th Nov 20067:00 amRNSSocial Housing: Contract wins
23rd Oct 20068:54 amRNSHolding(s) in Company
26th Sep 20067:01 amRNSInterim Results
1st Sep 20067:01 amRNSCompletion of acquisition
22nd Aug 200612:30 pmRNSResult of EGM
16th Aug 20062:37 pmRNSHolding(s) in Company
25th Jul 20065:51 pmRNSDir S'holding/Hldg in Co
25th Jul 200610:41 amRNSDirector Shareholding
24th Jul 20067:02 amRNSPre-close and acquisition
18th May 200611:00 amRNSResult of AGM
7th Apr 20066:09 pmRNSHolding(s) in Company
6th Apr 200610:28 amRNSGrant of Share Options-Amend
5th Apr 20064:49 pmRNSGrant of Share Options
5th Apr 20067:00 amRNSDirector Shareholding
4th Apr 20067:01 amRNSFinal Results
31st Jan 20067:00 amRNSPre-close Statement
17th Jan 20067:00 amRNSDirector/PDMR Shareholding
30th Nov 20057:00 amRNSAnalyst site visit
19th Oct 200512:20 pmRNSHolding(s) in Company
6th Sep 20057:00 amRNSInterim Results
1st Sep 20057:00 amRNSContract award
26th Aug 20051:00 pmRNSAnalyst briefing: new timing
27th Jun 20057:00 amRNSPre-close Statement
26th May 20058:00 amRNSInspace joins AIM

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.