Turbo Power Systems Inc.
TSX : TPS
AIM : TPS

Turbo Power Systems Inc.

December 24, 2009 02:00 ET

Turbo Power Systems Inc.: Issue of Equity

LONDON, UNITED KINGDOM--(Marketwire - Dec. 24, 2009) - The Board of Turbo Power Systems ('TPS' or 'the Company') (TSX:TPS) (AIM:TPS), the innovative power generation and conditioning equipment supplier, announces that it has applied for 21,162,792 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 Pounds Sterling 455,000 which were issued as part of the Pounds Sterling 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 January 2010.

Contact Information

  • Turbo Power Systems Inc.
    Richard Bayliss
    +44 (0)20 8564 4460
    or
    Kreab Gavin Anderson (PR)
    Ken Cronin
    +44 (0)20 7074 1800
    or
    Kreab Gavin Anderson (PR)
    Michael Turner
    +44 (0)20 7074 1800
    or
    KBC Peel Hunt Ltd (Nominated Adviser and Broker)
    Daniel Harris
    +44 (0)20 7418 8900
    or
    KBC Peel Hunt Ltd (Nominated Adviser and Broker)
    Nicholas Marren
    +44 (0)20 7418 8900