KSI Kleenair Sys

TIDMKSI

RNS Number : 4079E

Kleenair Systems International PLC

06 April 2011

KLEENAIR SYSTEMS INTERNATIONAL PLC

(AIM: KSI)

Exercise of Option in relation to Convertible Loan Note

Kleenair Systems International Plc ("Kleenair" or "the Company") announces that under the secured loan note agreement dated 29 July 2009, Global Investment Strategy (UK) Ltd ("GIS") has exercised an option to subscribe for a further GBP5,910 convertible loan notes (CLNs)of the Company.

The subscription for the further convertible loan notes is made in satisfaction of debts owed by the Company totalling GBP5,372 and is inclusive of 10 per cent commission payable to GIS.

The remaining total number of CLNs over which GIS holds an option to purchase under the agreement is nil.

 
 Contacts: 
 
 KleenAir Systems International 
  plc                                www.KleenAir-systems.com 
 Sarah Pozner, Executive Director        +44 (0) 207 048 9400 
 
 Square1 Consulting 
 David Bick / Mark Longson               +44 (0) 207 929 5599 
 
 WH Ireland Limited                      www.wh-ireland.co.uk 
 JN Wakefield / Marc Davies              +44 (0) 117 945 3470 
 
 Global Investment Strategy UK 
  Limited 
 John Gunn                               +44 (0) 20 7048 9400 
 

About KleenAir:

KleenAir is an investing company which aims to invest in disruptive products or technologies that are either proven or at the latter stages of development, which own or have exclusive license to the relevant intellectual property (IP) and may benefit from feed in tariffs or other renewable energy incentives.

KleenAir's investment focus is on the UK, with potential for investment further afield.

This information is provided by RNS

The company news service from the London Stock Exchange

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