Issue of Equity

RNS Number : 1950N

Kleenair Systems International PLC

07 June 2010

 



KLEENAIR SYSTEMS INTERNATIONAL PLC

(AIM: KSI)

Issue of Equity

Kleenair Systems International Plc ("Kleenair" or "the Company") announces that Global Investment Strategy (UK) Ltd ("GIS") has agreed to convert a further £161,000 of the outstanding debt into 1,610,000 ordinary shares of 1 pence each ("Ordinary Shares"). These shares have been placed with unconnected third parties to GIS.  The third parties with a discloseable interest are as follows:

Name	New Shares	Revised Holding	% of enlarged share capital
Basinco Holdings	216,666	216,666	13.8
Userino Holdings	833,333	833,333	27.6
John Gunn	500,001	500,001	16.5

Following this conversion the outstanding secured convertible debt held by GIS  ("the Loan Note") is £64,429, convertible into a further, 644,286 new Ordinary Shares.  Under the Loan Note agreement the total maximum amount which may be advanced to Kleenair is £440,000.  Currently the total amount advanced to Kleenair is £338,502 of which GIS has converted £274,073 worth. 

Application for these shares to be admitted to trading on AIM has been made and is expected to occur on 11 June 2010. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following this issue the Company will have 3,024,546 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 3,024,546 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 3,024,546.  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

 

 

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