Exercise of Option in relation to CLNs

RNS Number : 4079E

Kleenair Systems International PLC

06 April 2011

 



KLEENAIR SYSTEMS INTERNATIONAL PLC

(AIM: KSI)

Exercise of Option in relation to Convertible Loan Note

Kleenair Systems International Plc ("Kleenair" or "the Company") announces that under the secured loan note agreement dated 29 July 2009, Global Investment Strategy (UK) Ltd ("GIS") has exercised an option to subscribe for a further £5,910 convertible loan notes (CLNs)of the Company.

The subscription for the further convertible loan notes is made in satisfaction of debts owed by the Company totalling £5,372 and is inclusive of 10 per cent commission payable to GIS.

The remaining total number of CLNs over which GIS holds an option to purchase under the agreement is nil.

Contacts:
KleenAir Systems International plc	www.KleenAir-systems.com
Sarah Pozner, Executive Director	[phone]
Square1 Consulting
David Bick / Mark Longson	[phone]
WH Ireland Limited	www.wh-ireland.co.uk
JN Wakefield / Marc Davies	[phone]
Global Investment Strategy UK Limited
John Gunn	[phone]

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.

 

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