ALR Alternative E.

TIDMALR

RNS Number : 5277A

Alternative Energy Limited

22 December 2014

For immediate release 22 December 2014

ALTERNATIVE ENERGY LIMITED

("AEL" or the "Company")

Director's Dealings

Total voting rights

Pursuant to the Revised Convertible Loan Agreement as set out in a circular to shareholders dated 21 December 2012, the Company have issued Christopher Nightingale, Director, 126,000,000 new ordinary shares at US$0.008 per ordinary share ("the Issue") in respect of a reduction of US$1,008,000 of the Convertible Loan liability.

Following the Issue, Christopher Nightingale will be interested in 926,000,666 ordinary shares, or 37.59% of the total issued share capital.

In respect of the above the Company has now applied for the 126,000,000 new ordinary shares, which will rank, pari passu, with all existing ordinary shares in the Company, to be admitted to trading on AIM, with dealings expected to commence on or around 2 January 2015.

TVR

Following the issue of the new Ordinary Shares as described above, the Company's issued share capital will consist of 2,463,166,128 Ordinary Shares with voting rights. The Company also holds 1,922,966 Ordinary Shares in treasury and these shares have no voting rights. Therefore the total number of Ordinary Shares in the Company with voting rights is 2,463,166,128 and this figure may be used by shareholders at the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

For further information please see the Company's website: www.alternativenergy.com.sg or please contact:

 
ALTERNATIVE ENERGY LIMITED 
 Richard Lascelles, Independent Non-executive Director  Tel: +44 (0) 20 7408 1067 
  Eric Goh, Executive Director                           Tel: +65 68737782 
 
BEAUMONT CORNISH LIMITED (Nomad and Broker) 
 Roland Cornish and Emily Staples                       Tel: +44 (0) 20 7628 3396 
BEAUFORT SECURITIES (Broker) 
Jon Levinson                                            Tel: +44 (0) 20 7382 8300 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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