CAP Clean Air

TIDMCAP

RNS Number : 1026T

Clean Air Power Limited

15 July 2015

15 July 2015

Clean Air Power Limited

("Clean Air Power" or the "Company")

Issue of Equity

Clean Air Power (AIM:CAP), the developer and global leader in Dual-Fuel engine management software for heavy duty vehicles, announces that it has issued and allotted 15,000 new common shares of USD 0.001 each in the Company ("Common Shares") to an employee as an award in recognition of long service to the Company. The employee has reached thirty years of service and the award of shares is in line with the Group's policy on long-service.

Application has been made to the London Stock Exchange for the 15,000 new Common Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on or around 21 July 2015. Following Admission, the Company's total issued share capital will consist of 256,864,139 Common Shares, all with voting rights. This is the figure which may be used by shareholders in the Company as the denominator for the calculations in which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

John Pettitt, Chief Executive of Clean Air Power, said: "I am delighted to recognise the significant contribution that one of our longest serving employees has made to the business over the last thirty years, demonstrating the depth of experience, talent and commitment we have within our team."

Enquiries:

 
 Clean Air Power                            Tel: +44 (0)1772 
                                             624 499 
 John Pettitt, Chief Executive Officer 
 Neill Skinner, Chief Financial Officer 
 
 Citigate Dewe Rogerson                     Tel: +44 (0)20 
                                             7282 2867 
 Malcolm Robertson 
 Chris Gardner 
 
 Panmure Gordon                             Tel: +44 (0)20 
                                             7886 2500 
 Corporate Finance 
 Freddy Crossley / Atholl Tweedie 
 Corporate Broking 
 Tom Salvesen 
 
 Peat & Co                                  Tel: +44 (0)20 
                                             3540 1721 
 Charlie Peat 
 
 
 

About Clean Air Power

Clean Air Power designs, develops and delivers compression-ignited natural gas engines for heavy duty transport applications and manufactures innovative hydraulic valves, injectors and filters for natural gas engines sold to truck manufacturers around the world. Clean Air Power's patented Dual-Fuel(TM) and second-generation MicroPilot technology enables engines to run on natural gas mixed with diesel (or any suitable combustion fuel) providing the "spark" that ignites the gas. Substituting natural gas for diesel cuts fuel costs, emissions of carbon, nitrous oxide and particulates whilst retaining the original engine's power, efficiency and reliability characteristics. Clean Air Power operates, directly or through distributor partnerships, in the US, Europe, Russia and Australia.

Initially founded in the USA in 1991, over $90m has been invested in developing the technology with the result that 62 patents are currently held or pending. The holding company of the Group is based in Bermuda with operational subsidiaries in the UK, the USA and Australia. The Group was admitted to the AIM market of the London Stock Exchange in February 2006.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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