28th Jan 2010 07:00
28 January 2010
Issue of Equity
The Board of Turbo Power Systems ('TPS' or 'the Company'), the innovative power generation and conditioning equipment supplier, announces that it has applied for 9,069,769 common shares of no par value ("Common Shares") to be admitted to AIM.
These shares, ranking pari passu in all respects with the existing shares in issue, are being issued as a result of the conversion of Convertible Notes having an aggregate principal amount of £195,000 which were issued as part of the £8,000,000 financing announced on March 14, 2005.
It is expected that admission and dealings will become effective at 8.00 a.m. on 4 February 2010.
For further information, please contact:
Turbo Power Systems Inc. Tel: +44 (0)20 8564 4460
Richard Bayliss
Kreab Gavin Anderson (PR) Tel: +44 (0)20 7074 1800
Ken Cronin
Michael Turner
KBC Peel Hunt Ltd (Nominated Adviser Tel: +44 (0)20 7418 8900
and Broker)
Daniel Harris
Nicholas Marren
Related Shares:
TPS.L