9th Jun 2006 07:00
Turbo Genset Inc.09 June 2006 Turbo Genset Inc.9th June 2006 Issue of Equity and Directors Shareholdings The Company announces that, following the passing of the resolutions atyesterday's annual general and special meeting of shareholders, an aggregate of442,668 common shares of no par value ("Common Shares") have been issued toexecutive management in lieu of cash bonuses. The Common Shares represent 0.22 percent of the Company's issued share capitaland were issued at a price of CD$0.28 (13.75p) per share, being the closingprice of the Common Shares on 22 March 2006, the date of the announcement of theCompany's annual results for the fiscal year 2005. Michael Hunt, Director and CEO and Stephen Sadler, Director and CFO were eachissued 110,667 Common Shares resulting in the following shareholdings for each: Director Shareholding % of issued capitalMichael Hunt 110,667 0.058Stephen Sadler 110,667 0.058 Application has been made to the UK Listing Authority and to the London StockExchange for the admission to the Official List and admission and dealings willbecome effective on 15 June 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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