Turbo Power Systems Inc.
TSX : TPS
AIM : TPS

Turbo Power Systems Inc.

January 28, 2010 02:00 ET

Turbo Power Systems Inc.: Issue of Equity

LONDON, UNITED KINGDOM--(Marketwire - Jan. 28, 2010) - 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 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.

Contact Information

  • Turbo Power Systems Inc.
    Richard Bayliss
    +44 (0)20 8564 4460
    or
    Kreab Gavin Anderson (PR)
    Ken Cronin
    +44 (0)20 7074554 18400
    or
    Kreab Gavin Anderson (PR)
    Michael Turner
    +44 (0)20 7074554 18400
    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