29th Jun 2007 07:03
Ocean Power Technologies Inc29 June 2007 Ocean Power Technologies, Inc. 1590 Reed Road Pennington, New Jersey 08534 USA For Immediate Release June 29, 2007 Additional Listing of Shares Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT)("OPT" or the "Company") announces that pursuant to the Company's 1994 StockOption Plan, options over 750 shares of common stock of US$0.001 each ("CommonStock") have been exercised at an average price of US$11.00 per share of CommonStock. Accordingly, the Company has allotted 750 shares of Common Stock and applicationhas been made to the AIM market of the London Stock Exchange ("AIM") for theadmission to trading of these 750 shares of Common Stock. These shares rank paripassu with the Company's existing shares of Common Stock and dealings on AIM areexpected to commence on July 4, 2007. Following this listing the Company will have 10,189,104 Common shares in issue. About Ocean Power Technologies Ocean Power Technologies, Inc. develops and is commercializing proprietarysystems that generate electricity by harnessing the renewable energy of oceanwaves. The Company's PowerBuoy(R) system is based on modular, ocean-going buoys,which have been ocean tested for nearly a decade. The waves move the buoy-likestructure creating mechanical energy that the Company's proprietary technologiesconvert into electricity. For Further information, please contact: Ocean Power Technologies, Inc Telephone: +1 609 730 0400Dr. George W. Taylor, Chief Executive Officer Telephone: +1 609 730 0400Charles F. Dunleavy, Chief Financial Officer Corfin Communications Telephone: +44 20 7929 8989Ben Hunt, Neil Thapar This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Optima Health