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RNS Number : 2887C

Turbotec Products PLC

15 April 2013

 
 Press Release   15 April 2013

Turbotec Products Plc

("Turbotec" or "the Company")

Issue of Equity

Turbotec Products Plc (TRBO.L), the designer and manufacturer of high performance heat exchangers and Tru-Twist(R) heat transfer tubing, announces that, further to the announcement of 21 January 2013, it has allotted and issued, under existing shareholder authorities, 640,338 ordinary shares of nominal value 1p each in the capital of the Company pursuant to a convertible loan agreement made between Execuzen Limited and the Company. The shares had been allotted in partial satisfaction of the outstanding liability of GBP132,639.45 under the agreement, at a conversion price of 17p per share. Each new ordinary share will rank pari passu with each existing fully paid ordinary share in the Company. After the issue of the new ordinary shares, the Company's total issued capital, with voting rights, will be 13,447,111 ordinary shares of 1p each.

Application has been made for the admission to trading on AIM of 640,338 ordinary shares of 1p each and admission is expected to take place on 18 April 2013.

- Ends -

For further information please contact:

 
 Turbotec Products Plc 
 Robert Lowe, Non Executive Chairman         +44 (0) 79 1714 8930 
  RLowe@trbohx.com 
 
  Sunil Raina, Managing Director              Tel: +1 (860) 731-4200 
  SRaina@trbohx.com                           www.turbotecproducts.com 
 
  Robert Lieberman, Finance Director          Tel: +1 (860) 731-4200 
  RLieberman@trbohx.com                       www.turbotecproducts.com 
 
   Cantor Fitzgerald Europe 
 Mark Percy / Catherine Leftley, Corporate   Tel: +44 (0)20 7107 
  Finance                                     8000 
  Paul Jewell, Corporate Broking 
                                              www.seymourpierce.com

Media enquiries:

 
 Abchurch Communications 
 Sarah Hollins / Simone Elviss       Tel: +44 (0)20 7398 
                                      7714 
                                      www.abchurch-group.com

Electronic copies of this announcement can be obtained from the Company's website www.turbotecproducts.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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