15th May 2008 15:55
|
For Immediate Release |
15 May 2008 |
Clean Air Power Ltd
("Clean Air Power" or "the Company")
Grant of Share Options to Directors
Clean Air Power Limited (AIM: CAP), the developer of Dual-FuelTM combustion technology that enables heavy-duty diesel engines to run on a combination of both diesel and natural gas, announces that the following share options were granted to directors on Wednesday, 14 May 2008:
|
Number of shares granted under option |
Option Price per share |
Date of First Exercise |
Total Number of shares under option following grant |
|
|
John Pettitt |
1,125,000 |
19.0p |
14 May 2011 |
2,566,791 |
|
Peter Rowse |
150,000 |
19.0p |
14 May 2011 |
391,168 |
For further information please contact:
|
Clean Air Power |
+44 (0)1494 527110 |
|
John Pettitt, Chief Executive Peter Rowse, Finance Director |
|
|
Buchanan Communications |
+44 (0)20 7466 5000 |
|
Charles Ryland Ben Willey Ben Romney |
|
|
Canaccord Adams Ltd |
+44 (0)20 7050 6500 |
|
Robert Finlay Bhavesh Patel |
Notes to Editors
About Clean Air Power
Clean Air Power is the developer and provider of Dual-Fuel™ combustion technology for heavy duty diesel engines. Dual-Fuel™ engines substantially cut fuel costs and carbon emissions without sacrificing the original engine's characteristic efficiency or reliability. Clean Air Power is well positioned to assist corporations and governments to deliver on their environmental commitments while at the same time reducing transport operators overheads.
Initially founded in the USA in 1991, around £40m has been invested in developing the technology with the result that 63 patents are currently held or pending. The holding company of the Group is based in Bermuda with operational subsidiaries in the UK, the USA and Australia. The Group was admitted to the AIM market of the London Stock Exchange in February 2006.
Further information on Clean Air Power is available at www.cleanairpower.com
Related Shares:
CAP.L