Last checked at 24 Oct 2011 17:07
The following amendment has been made to the 'Issue of Equity' announcement released on 20/10/2011 at 11:59 under RNS No 5487Q
The expected date of admission for the new shares is 27 October 2011 not 27 August 2011.
All other details remain unchanged.
The full amended text is shown below.
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 £224,859.37 of its outstanding debt into 8,328,125 ordinary shares of 0.1 pence each ("Ordinary Shares"). These shares have been placed with an unconnected third party to GIS with a resulting discloseable interest as follows:
Name | New Shares | Total Holding | % of enlarged share capital |
Rothschild Nominees Ltd | 8,328,125 | 8,328,125 | 13.3 |
GIS holds £300,000 of convertible loan notes pursuant to a loan note instrument dated 22 June 2010 under which Kleenair may issue up to £1 million secured convertible loan notes to GIS. These convertible loan notes may be converted into new Ordinary Shares at any time in accordance with the terms of the instrument at a price of 2.7 pence per share or at a discount of 10 per cent. to the average market price based on the previous five business days trading, whichever is lower. Following this conversion the outstanding secured convertible debt held by GIS pursuant to the loan note instrument dated 22 June 2010 is £75,140.63 with £700,000 available to be drawn down.
Application for these shares to be admitted to trading on AIM has been made and is expected to occur on 27 October 2011. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following this issue the Company will have 62,603,190 Ordinary Shares of 0.1 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 62,603,190 Ordinary Shares of 0.1 penny each, 400,932 Deferred Shares of 99 pence each and 1,221,200 B Ordinary Shares of 0.1 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 62,603,190. 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.KleenAir-systems.com |
Sarah Pozner, Executive Director | +44 (0) 207 048 9400 |
WH Ireland Limited | www.wh-ireland.co.uk |
JN Wakefield / Marc Davies | +44 (0) 117 945 3470 |
Global Investment Strategy UK Limited | |
John Gunn | +44 (0) 20 7048 9400 |
About KleenAir:
KleenAir is an investing company which aims to invest in disruptive products or technologies that are either proven or at the latter stages of development, which own or have exclusive license to the relevant intellectual property (IP) and may benefit from feed in tariffs or other renewable energy incentives.
KleenAir's investment focus is on the UK, with potential for investment further afield.