Last checked at 6 Apr 2010 16:00
KLEENAIR SYSTEMS INTERNATIONAL PLC
(AIM: KSI)
Issue of Equity
Kleenair Systems International Plc ("the Company") announces that Global Investment Strategy (UK) Ltd ("GIS") on 22 March 2010 agreed to convert a further GBP25,000 of the outstanding debt into 250,000 ordinary shares of 1 pence each. These shares have been placed with Oceanside Overseas Group Limited ("OOG"), an unconnected third party to GIS.
Subsequent to this conversion, OGG holds 250,000 ordinary shares in the Company representing approximately 17.67 per. cent of the enlarged issued share capital of the Company.
Following this transaction the total secured convertible debt outstanding is GBP112,270, convertible into 1,122,700 ordinary shares.
Application for these shares to be admitted to trading on AIM has been made and is expected to occur on 7 April 2010. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following this issue the Company will have 1,414,546 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 1,414,546 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 1,414,546. 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.
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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 / Marc Davies | +44 (0) 117 945 3470 |