Allotment of Shares

RNS Number : 5193Y

Gas Turbine Efficiency PLC

08 July 2008

 



8 July 2008

Gas Turbine Efficiency plc

('GTE' or 'the Company')

Allotment of Shares

The Board of GTE announces that, pursuant to the announcement on 3 April 2008, the Company has allotted 476,000 ordinary shares in the Company to members of senior management including to the Chief Executive Officer, Steven Zwolinski. These shares have been allocated following the commitment at that time to invest bonus payments into shares of GTE as set out in that announcement.  

Following this allotment Mr. Zwolinski's holding in the Company is as follows:

Name	Number of shares  (Prior to allotment)	Allotted new shares	Total number of shares	% of total shares in issue
Steven Zwolinski	131,250	183,288	314,538	0.43%

Application has been made for the new shares to be admitted to trading on AIM on or around 14 July 2008. The new ordinary shares will rank pari passu with the existing issued ordinary shares of the Company. Following admission, the total issued share capital of the Company will be 72,397,594 ordinary shares with a nominal value of 0.2 pence each. The 72,397,594 ordinary shares 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, GTE under the FSA's Disclosure and Transparency Rules.

Enquiries:

Gas Turbine Efficiency plc
Steven Zwolinski, CEO	[phone]
Libertas Capital
Aamir Quraishi, Anthony Rowland	[phone]
Corfin Communications
Neil Thapar, Harry Chathli, Alexis Gore	[phone]

 

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