KleenAir Systems International plc
(`KleenAir' or the `Company')
Director's Dealing and Loan Back of Monies
13 November 2007
The Company has today been informed that Bramley Limited, ('Bramley') a company
owned by a discretionary trust of which Lionel Simons, the Chairman of the
Company, and his family, are potential beneficiaries, sold 1,077,500 Ordinary 1p
shares in the Company at 19p per share. These shares were sold in a number of
separate transactions, on different days, through the Company's broker, Falcon
Securities, the final transaction taking place on 26 October 2007.
Bramley has in turn agreed to make a loan to the Company of up to £200,000 (the
`Loan'). These funds will be used by the Company for general working capital
purposes. The term of the Loan is six months from the date of the agreement,
being 6 November 2007 (the "Loan Period"). The Loan shall be repayable at the
end of the Loan Period (the "Due Date") or on demand, subject to a minimum of 15
days notice.
The Loan will not bear interest until the Due Date, but if the Loan is not
repaid on the Due Date (or if not a business day on the next business day
following the Due Date) it will carry interest at the rate of 5 per cent. per
annum from that date until the date of repayment.
Additionally, the Loan is convertible into Ordinary 1p Shares in the Company at
a price of 19p per share.
Following the disposal, Bramley holds 771,696 Ordinary Shares in the Company,
representing 3.73% of the voting rights of the Company. Lionel Simons will now
have beneficial interests in a total of 1,771,696 Ordinary Shares, representing
8.56% of the voting rights of the Company.
For further information please contact:
Peter Newell 07786 333 046
peter.newell@kleenairsystems.co.uk
Nick Harriss 020 7512 0191
Blomfield Corporate Finance Ltd
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