3rd Oct 2005 07:00
Enova Systems, Inc.03 October 2005 30 September 2005 Enova Systems, Inc. ("the Company") Enova Systems Inc. announces that on 26 September 2005 it issued 16,756 newcommon shares in the Company to non executive directors and former non-executivedirectors of the Company pursuant to the Company's Director Compensation Plan("the Directors' Plan") for services rendered to the Company from 1 June 2005 to30 September 2005. Details of the Directors' Plan were set out in the AIMAdmission Document of the Company dated 19 July 2005. The Company also issued 25,000 new common shares in the Company to executivedirectors and senior managers pursuant to the rules of the Company's EmployeeStock Option Plan ("the ESOP"). Additionally, the Company granted options for244,000 new common shares to executive directors and senior managers pursuant tothe rules of the Company's Employee Stock Option Plan ("the ESOP"). The required disclosures relating to the directors and persons dischargingmanagerial responsibilities will be made in separate announcements. The new common shares will rank pari passu with the existing ordinary shares inissue. Application will be made for the new ordinary shares to be admitted tothe AIM Market of the London Stock Exchange ("Admission"). Admission is expectedto take place on 14 October 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Enova Systems Inc