Change of Name

RNS Number : 4111K

Oxford Catalysts Group PLC

31 July 2013

 

31^st July 2013

OXFORD CATALYSTS GROUP PLC

("Oxford Catalysts" or "the Group" or "the Company")

Notice of Change of Name and Web Address

Oxford Catalysts Group PLC (OCG.L), the technology innovator for smaller scale Gas-to-Liquids (GTL), is pleased to confirm that it is changing its name to Velocys plc from 25 September 2013.

As noted in March 2013 when the Company issued its results for the year ended 31 December 2013, since the Group's 2008 acquisition of its US subsidiary, Velocys, Inc., it has operated under two brand names: Oxford Catalysts primarily for the financial community, and Velocys primarily for industry. Recognising that this can cause some confusion in the market, the Group undertook a review and decided that as it has begun commercial roll out of its technology the time is right to consolidate under a single brand, that of Velocys.

Accordingly, the Company is pleased to announce that its name is expected to be changed by resolution of the Directors of the Company (pursuant to the Company's articles of association) on 24 September 2013; Oxford Catalysts Group PLC will become Velocys plc.

Dealings on the London Stock Exchange under the new name are expected to commence at 8am on 25 September 2013 when the Company's TIDM (ticker symbol) will change from "OCG" to "VLS". The Company's FTSE classification will continue to be included under Oil Equipment & Services.

No new share certificates are being issued in respect of existing Ordinary Shares held in certificated form. Shareholders should retain their existing share certificates which will continue to be valid.

In compliance with AIM Rule 26, details of the Company will be available on the new web site address www.velocys.com before 25 September 2013.

Roy Lipski, CEO of Oxford Catalysts Group, said:

"This name change and rebranding exercise represent the final stage of integration of Oxford Catalysts and Velocys that joined forces in 2008. We are one company, with one management team and one goal: making smaller scale Gas-to-Liquids (GTL) a reality. These changes will help us present a united face to industry and the investor community as commercial roll-out of our technology continues."

- Ends -

For further information, please contact:

Oxford Catalysts Roy Lipski, CEO Susan Robertson, CFO	[phone] [phone]
Lionsgate Communications Jessica Johnson	[phone]
Cenkos Securities (Nomad and Joint Broker) Ken Fleming / Neil McDonald	[phone] [phone]
Numis Securities (Joint Broker) Alex Ham	[phone]

Notes to Editors

Oxford Catalysts enables Gas-to-Liquids (GTL) plants to convert unconventional, remote and problem gas into valuable liquid fuels. Systems based on the Group's technology (marketed under the brand name Velocys) are significantly smaller than those using conventional technology, enabling modular plants that can be deployed cost effectively in remote locations and on smaller fields than is possible with competing systems. Together with world-class partners, Oxford Catalysts provides complete smaller scale modular GTL solutions that address an untapped market of up to 25 million barrels of fuel a day.

Oxford Catalysts Group PLC is listed on the AIM market of the London Stock Exchange (LSE: OCG). The Group has some 90 employees with facilities near Oxford, UK and Columbus, Ohio, USA.

www.oxfordcatalysts.com

www.velocys.com

 

END

 

 

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