Issue of Equity (Replacement)

RNS Number : 3169V

Kleenair Systems International PLC

29 October 2010

 



The following amendment has been made to the ' Issue of Equity' announcement released on 26 October 2010 at 12:00 under RNS No 0154V.

The number of shares issued to Entavo Trading AG Limited should read 500,000 not 625,000 as previously announced.  Total shares issued, revised % and approximate monies raised have been adjusted accordingly.

 

The full amended text is shown below.

KLEENAIR SYSTEMS INTERNATIONAL PLC

(AIM: KSI)

Issue of Equity

Kleenair Systems International Plc ("Kleenair" or "the Company") announces that it has completed a placing of 1,455,000 new ordinary shares of 1 pence each ("New Ordinary Shares") at a price of 40 pence per share raising new monies totalling approximately £582,000 ("the Placing").

The proceeds of the Placing will be used for working capital purposes and to further implementation of the Company's investment policy as agreed at the General Meeting on 3 August 2010.

Further to the Placing the following shareholders have a disclosable interest:

	Placing shares acquired	Revised total holding	Revised %
Pinnacle Investment Management Limited	200,000	400,000	8.7%
Entavo Trading AG Limited	500,000	500,000	10.9%
Ottilia Investments Limited	125,000	250,000	4.3%
Challis International Limited	625,000	625,000	13.6%

John Gunn is a director and shareholder of Pinnacle Investment Management Limited and is a substantial shareholder in Kleenair. The directors, having consulted WH Ireland Limited, the company's nominated adviser, consider that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

Application for these shares to be admitted to trading on AIM has been made and is expected to occur on 2 November 2010. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following this issue the Company will have 4,476,546 Ordinary Shares of 1 pence each in issue.

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R), the Company confirms that, following this issue, its issued share capital comprises 4,476,546 Ordinary Shares of 1 penny each, 400,932 Deferred Shares of 99 pence each and 122,120 B Ordinary Shares of 1 penny 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 4,476,546.  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.kleenairsystems.co.uk
Sarah Pozner, Company Secretary	[phone]
Biddicks	www.biddicks.co.uk
Zoë Biddick	[phone]
WH Ireland Limited	www.wh-ireland.co.uk
JN Wakefield / Marc Davies	[phone]

 

END

 

 

IOEEAKENAAXEFFF