KSI Kleenair Sys

TIDMKSI

RNS Number : 4887F

Kleenair Systems International PLC

27 April 2011

KLEENAIR SYSTEMS INTERNATIONAL PLC

(AIM: KSI)

Grant of Options

Kleenair Systems International Plc ("Kleenair" or "the Company") announces that it has granted the following options to subscribe for new ordinary shares in the Company ("the Options"):

 
 Sarah Pozner, Executive Director     1,000,000 shares 
 Guy Saxton, Non-Executive Director     250,000 shares 
 Miles Lewis, Former Non-Executive      250,000 shares 
  Director 
 

The Options have been granted at a conversion price of 4.875 pence being the closing mid market price of Kleenair at 26 April 2011 (being the latest practicable date prior to the grant of the Options). The Options may be exercised no earlier than 26 April 2012 and exercised up to 26 April 2021.

The Options have been granted to compensate the Directors and former director for the lack of fees received whilst the Company has been restructured as an investing company.

 
 Contacts: 
 
 KleenAir Systems International 
  plc                                www.KleenAir-systems.com 
 Sarah Pozner, Executive Director        +44 (0) 207 048 9400 
 
 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

END

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