CAP Clean Air

TIDMCAP

RNS Number : 9346U

Clean Air Power Limited

03 August 2015

3 August 2015

Clean Air Power Limited

("Clean Air Power", the "Company" or the "Group")

Directorate Change

Clean Air Power (AIM: CAP), today announces that Dr. Ulrich Wöhr and Prof. Dr. Karl-Viktor Schaller have stepped down as non-executive directors of the Group with immediate effect.

Dr. Wöhr and Prof. Dr. Schaller have contributed significant engineering and technical expertise to the Board since their appointments in 2006 and 2010 respectively. However, as announced on 28 July 2015, the Board remains in discussion with a number of parties that may or may not lead to an offer for all or part of the Group, and Dr. Wöhr and Prof. Dr. Schaller have decided that this was an appropriate time to resign from the Board.

Rodney Westhead, Chairman of Clean Air Power, said: "The Board thanks Dr. Wöhr and Prof. Dr. Schaller for their significant contribution to the Company and for their support throughout this strategic review process. Their engineering and technical expertise and guidance proved hugely valuable in promoting our world leading compression-ignited natural gas systems and both leave the Board with our best wishes for the future."

For further information, please contact:

 
 Clean Air Power                   Tel: +44 (0)1772 
  John Pettitt, Chief Executive     624 499 
  Neill Skinner, Chief Financial 
  Officer 
 Citigate Dewe Rogerson            Tel: +44 (0)20 
  Malcolm Robertson                 7282 2867 
  KPMG Corporate Finance            Tel: +44 (0)20 
  Jonathan Boyers                   7311 1000 
  Pinesh Mehta                      Tel: +44 (0)20 
  Panmure Gordon                    7886 2500 
  Corporate Finance                 Tel: +44 (0)20 
  Freddy Crossley / Russell Cook    3540 1721 
  / Atholl Tweedie 
  Corporate Broking 
  Tom Salvesen 
  Peat & Co 
  Charlie Peat 
  John Beaumont 
 

Notes to Editors

About Clean Air Power

Clean Air Power designs, develops and delivers diesel ignited natural gas engines for heavy duty transport applications. Clean Air Power's technology substantially cuts fuel costs and carbon emissions without sacrificing the original engine's characteristic efficiency or reliability. Clean Air Power is well positioned to assist corporations and governments to deliver on their environmental commitments while at the same time reducing transport operators overheads.

Initially founded in the USA in 1991, around GBP50m has been invested in developing the technology with the result that 59 patents are currently held or pending. The holding company of the Group is based in Bermuda with operational subsidiaries in the UK, the USA and Australia. The Group was admitted to the AIM market of the London Stock Exchange in February 2006.

Further information on Clean Air Power is available at www.cleanairpower.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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