Result of AGM

RNS Number : 8463X

Kleenair Systems International PLC

13 December 2010

 



KLEENAIR SYSTEMS INTERNATIONAL PLC

(AIM: KSI)

Result of AGM

Kleenair Systems International Plc ("Kleenair" or "the Company") announces that at its Annual General Meeting held today resolutions 1, 3-7 were duly passed.  This includes, inter alia, the subdivision of the Ordinary Shares of the Company at a ratio of ten shares for one into new ordinary shares of 0.1 pence each ("the New Ordinary Shares").

Resolution 2 was not passed and therefore Wayne Reid retires by rotation as a director of the Company with immediate effect.  The Company intends to appoint a further non-executive director to replace Mr Reid.  In the interim period Sarah Pozner, executive director, will hold the position of Chairman.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM which is expected to occur on Tuesday 14 December. Following this issue the Company will have 48,807,010 ordinary shares of 0.1 pence each in issue.

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R), the Company confirms that, following this subdivision, its issued share capital comprises 48,807,010 Ordinary Shares of 0.1 penny each, 400,932 Deferred Shares of 99 pence each and 1,221,200 B Ordinary Shares of 0.1 pence 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 48,807,010.  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.

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]

 

END

 

 

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