Additional Listing

RNS Number : 7093J

Zenergy Power PLC

08 December 2008

 



Zenergy Power plc

('the Company')

Additional Listing

The Company announces that an application has been made for the admission of 287,082 ordinary shares of 1 pence to AIM. This application relates to an issue of shares which the Company is contractually required to make to Bain & Company, Inc. ('Bain') in satisfaction and extinguishment of fees for professional services to be rendered in accordance with the terms and conditions of a consulting agreement made between the Company and Bain, dated 31st October 2008.

Dealings are expected to commence on 11th December 2008. These additional shares will, on Admission, rank pari passu with the existing ordinary shares of 1 pence each in the capital of the Company.

-Ends-

Further information

Andrew Tan	Zenergy Power Plc	+ 49 2226 9060 668
Vikki Krause	Hansard Group	+ 44 207 245 1100
Andrew Godber	Panmure Gordon & Co	+ 44 207 459 5742

About Zenergy Power plc

Zenergy Power plc is a global specialist manufacturer and developer of commercial applications for superconductive materials. Comprising three operating subsidiaries located in Germany, USA and Australia, Zenergy is highly focussed on the commercialisation of a number of energy efficient applications to be adopted in energy intensive industrial processes, power distribution and renewable power generation. Zenergy achieved the world's first sale of an industrial scale HTS induction heater which is now in operation.

About superconductivity 

Superconductive materials are capable of conducting electricity without any resistance and were first discovered in 1911 in what was to prove to be one of the most significant scientific breakthroughs of the 20th century. 

Superconductors enable:

(a)     Induction Heaters to be twice as efficient for the metals industry 

(b)     Fault Current Limiters to protect power grids from blackouts 

(c)     Direct-drive wind generators to be significantly reduced in size and weight allowing the operation of wind generators in 
         excess of 8 MW
(d)     Existing hydro-power sites to upgrade to energy efficient Hydro-generators 

 

END

 

 

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