28th Dec 2006 10:30
Turbo Power Systems Inc28 December 2006 Turbo Power Systems Inc ("Turbo Power Systems" or the "Company") 28 December 2006 Completion of Placing, Loan Note Redemption and move to AIM Further to the announcement published on 27 November 2006, the directors ofTurbo Power Systems are pleased to announce the successful completion of theplacing to raise £6 million, and the move to trading on AIM, a market operatedby the London Stock Exchange plc. They also announce the redemption of£4,860,000 loan notes and that the Company has received undertakings to redeem afurther £4,500,000 of loan notes by 6 January 2007. KBC Peel Hunt Ltd has been appointed as the Company's nominated adviser andbroker. For further information, please contact: KBC Peel Hunt Tel: +44 (0)20 7418 8900Oliver ScottGordon Suggett Gavin Anderson & Company (PR) Tel: +44 (0)20 7554 1400Michael Turner Company Website: www.turbopowersystems.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TPS.L