18 Jul 2014 12:55
18 July 2014
Intelligent Energy Holdings plc
Block Listing of Shares
Intelligent Energy Holdings plc, an energy technology group (the "Company" and together with its subsidiaries the "Group"), announces that application has been made to the Financial Conduct Authority and the London Stock Exchange for admission to (i) the Official List and (ii) to trading on the London Stock Exchange's markets for a block listing of securities totalling 250,000 ordinary shares of 5 pence each (the "Ordinary Shares").
The Ordinary Shares are being reserved under a block listing and will be issued from time to time pursuant to the following schemes:
· Intelligent Energy Limited 2001 Share Option Scheme (as amended on 1 August 2003);
· Intelligent Energy Holdings plc 2009 Share Option Scheme; and
· Intelligent Energy Holdings plc 2013 Management Incentive Plan.
It is expected that admission of the Ordinary Shares will become effective on 23 July 2014. The Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares in issue.
Enquiries:
Intelligent Energy Holdings plc 01509 271271
Dr. Henri Winand, Chief Executive Officer
John Maguire, Chief Financial Officer
Powerscourt 020 7250 1446
Giles Sanderson / Matthew Fletcher / Rob Greening
Notes to Editors
The Company is an energy technology group which has developed advanced, power dense hydrogen fuel cell technologies which provide an efficient and clean source of power generation. The Group's intellectual property and expertise is based around its proprietary fuel cell technologies, which are the product of over 25 years of research and development. The Group has developed both air cooled ("AC") and evaporatively cooled ("EC") fuel cell stacks within the Group's differentiated fuel cell architecture. The Group's power density figures currently exceed published data for competitor technologies in their respective classes.
The Group is working towards its aim of embedding and using its technologies in mass market products (either of the Group or of its partners) to meet regulatory/legislative requirements, solve existing problems economically and/or create a new category of products and new product opportunities. The Group is collaborating with large, blue-chip original equipment manufacturers ("OEMs") to develop and commercialise its technologies.