Last checked at 3 Sep 2009 14:25
KleenAir Systems International Plc (the "Company")
Issue of Equity and Total Voting Rights Correction
3 September 2009
As detailed in a circular posted to shareholders dated 29 May 2009, under the Company's CVA, the Creditors and the Nominee/Supervisor of the CVA were, in aggregate, to be allotted and issued 40,615,000 New Ordinary Shares and 12,212,000 B Ordinary Shares, to be divided among Creditors who made a claim within three months of the date of the CVA being approved.
Included in the 40,615,000 New Ordinary Shares, was an amount of 500,000 New Ordinary Shares (prior to the Capital Reorganisation) to be issued to the Nominee/Supervisor of the CVA, being Antony Batty of Antony Batty & Company LLP. Following the Capital Reorganisation of the Company approved by Shareholders at a General Meeting on 21 August 2009 the number of new ordinary shares to be issued to Mr Batty is 5,000 New Ordinary Shares.
These 5,000 new Ordinary Shares were allotted and issued on 19 August 2009. Application has today been made for the 5,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 8 September 2009. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Accordingly, the Company has 283,812 Ordinary Shares in issue.
In accordance with the transitional provisions of the Disclosure and Transparency Rules of the Financial Services Authority, the Company confirms that, as at the date of this announcement, its issued share capital comprises 283,812 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 283,812.
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.
Enquiries:
KleenAir Systems International Plc
Wayne Reid, Executive Chairman
+44 7799 690 504
W. H. Ireland Limited
Tim Cofman-Nicoresti/Katy Birkin
0121 265 6330