6 Aug 2014 13:05
6 August 2014
Clean Air Power Limited
("Clean Air Power" or the "Company")
Issue of Equity
Clean Air Power (AIM:CAP), the developer and global leader in Dual-Fuel engine management software for heavy duty vehicles, announces that it has issued and allotted 312,500 new common shares of USD 0.001 each in the Company ("Common Shares") to Gustin Partners Ltd as payment for recruitment services under arrangements agreed in advance.
Application has been made to the London Stock Exchange for the 312,500 new Common Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on or around 11 August 2014. Following Admission, the Company's total issued share capital will consist of 256,849,139 Common Shares, all with voting rights. This is the figure which may be used by shareholders in the Company as the denominator for the calculations in which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
Clean Air Power John Pettitt, Chief Executive Neill Skinner, Chief Financial Officer
| Tel: +44 (0)1772 624 499 |
Citigate Dewe Rogerson Malcolm Robertson Chris Gardner
Panmure Gordon Corporate Finance Freddy Crossley / Atholl Tweedie Corporate Broking Tom Salvesen
Peat & Co Charlie Peat
| Tel: +44 (0)20 7282 2867
Tel: +44 (0)20 7886 2500
Tel: +44 (0)20 3540 1720
|
Notes to Editors
About Clean Air Power
Clean Air Power is the developer and provider of Dual-Fuel™ combustion technology for heavy duty diesel engines. Dual-Fuel™ engines substantially cut fuel costs and carbon emissions without sacrificing the original engine's characteristic efficiency or reliability. Clean Air Power is well positioned to assist corporations and governments to deliver on their environmental commitments while at the same time reducing transport operators overheads.
Initially founded in the USA in 1991, around £50m has been invested in developing the technology with the result that 66 patents are currently held or pending. The holding company of the Group is based in Bermuda with operational subsidiaries in the UK, the USA and Australia. The Group was admitted to the AIM market of the London Stock Exchange in February 2006.
Further information on Clean Air Power is available at www.cleanairpower.com
CAP.L (CAP)