30th Oct 2013 08:53
Press Release | 30 October 2013 |
Acta S.p.A.
("Acta" or "the Company")
Total Voting Rights
Admission of Shares to Trading on AIM
Following the announcement by Acta (AIM:ACTA), the clean energy products company, on 25 October 2013 confirming the successful placing, raising GBP £2.1 million (gross), Acta is pleased to announce that 30,000,000 new ordinary shares of Euro 0.006 each in the capital of the Company were admitted to trading on AIM at 8.00 a.m. on 30 October 2013.
Acta confirms that, as at 30 October 2013, its issued share capital comprises 170,431,939 ordinary shares of Euro 0.006 in the Company ("Ordinary Shares"). All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in Acta is therefore 170,431,939.
The above figure of 170,431,939 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests in, or a change to their interests in, the share capital of Acta under the Disclosure and Transparency Rules.
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For further information please contact:
Acta S.p.A. | Tel: +39 050 644281 |
Paul Barritt, Chief Financial Officer | www.actaspa.com |
Altium Capital (Nominated Advisor) | Tel: +44 (0)845 505 4343 |
Adrian Reed / Dom Orsini | |
Cantor Fitzgerald Europe (Broker) |
Tel: +44 (0)20 7894 7000 |
Mark Percy / David Banks / Paul Jewell |
Media enquiries:
Kreab Gavin Anderson (Financial PR) | Tel: +44 20 7074 1800 |
Robert Speed / Ross Gillam / Christina Clark | www.kreabgavinanderson.com |
About Acta S.p.A.
Acta S.p.A. is a developer and manufacturer of a range of clean energy products. Based on its world-leading expertise in alkaline membrane technology, the Company has developed a unique range of low-cost, compact hydrogen generators (electrolysers) which produce pure, dry compressed hydrogen at high efficiency from renewable or grid power.
In April 2013 Acta launched the Acta Power, an integrated electrolyser and fuel cell system for use in back-up power and renewable energy storage applications. Best understood as a "Hydrogen Battery", the system converts energy from renewable or grid power when it is available and stores it in the form of hydrogen, and then converts the hydrogen back to electrical power when needed due to grid black-out or lack of solar / wind power.
This system has extensive application as a back-up power unit for telecommunications base stations, where it competes on cost against traditional battery and diesel solutions, while offering a cleaner solution and better service. In particular, the use of rainwater and the generation of hydrogen on-site removes the cost and logistical barriers of fuel delivery, while also avoiding the theft risk associated with diesel, methanol and battery systems.
The supply of fuel cell back-up power systems for telecommunications base stations represents a large and fast-growing market, especially in extensively bad-grid and off-grid locations such as in Asia and Africa. Battery sales to the Chinese telecoms industry are currently valued at $4.7 bn to $7.8 bn per annum (Fuel Cell Today, China).
Acta holds a portfolio of patents and patent applications on its key technologies, manufactures its products through a combination of production, component subcontracting, and final product assembly and quality control, and has established distribution channels through partnerships in China, India, SE Asia, Australia, Africa, Middle East, Germany, UK, USA and South America.
Acta S.p.A. is based near Pisa, Italy, and was admitted to trading on AIM in October 2005.
www.actaspa.com
Related Shares:
ACTA.L