CDT Clean Diesel

 

TIDMCDT TIDMCDTI 
 
RNS Number : 9842P 
Clean Diesel Technologies, Inc 
02 April 2009 
 

Clean Diesel Technologies, Inc. 
Issue of Equity 
 
 
Bridgeport, CT - April 2, 2008 
(NASDAQ:CDTI & AIM:CDT & XETRA:CDI) 
 
 
On March 30, 2009, Clean Diesel Technologies, Inc. issued 40,000 restricted 
shares of the Company's Common Stock, par $0.01 (the "Stock"), conditional upon 
future service and for no other consideration to Michael L. Asmussen, who became 
Director, President and Chief Executive Officer in February 2009. The Stock was 
issued under the Company's Incentive Plan and was granted in connection with his 
February appointment. The terms of the restrictions are that the shares may not 
be sold or transferred until they vest. Vesting will occur as to one third of 
these shares on each of 10 Feb 2010, 2011 and 2012, provided Mr. Asmussen is 
employed by the Company on those dates. 
 
 
Also under the Incentive Plan, and prior to his becoming Director, President and 
CEO of the Company, Mr. Asmussen was granted options to subscribe for 10,000 
shares of the Stock on September 3, 2008 and 5,000 shares of the Stock on 
December 22, 2008 at exercise prices of $8.40 and $2.705, respectively. The 
options are for a term of 10 years and vest one third each on the first, second 
and third anniversaries of grant. Accordingly, the total number of shares 
covered by Mr. Asmussen's options is 15,000 shares. 
 
 
As such, Mr. Asmussen's beneficial interest in the Company has increased to 
40,000 shares, representing 0.49% of the issued ordinary share capital of the 
Company. 
 
 
Application has been made for 40,000 restricted shares to be admitted to 
trading on 8 April 2009. 
 
 
Following the issue of the new ordinary shares, the Company will have a total of 
8,178,304 ordinary shares in issue. 
 
 
For further information: 
 
 
 Clean Diesel Technologies, Inc. 
Ann Ruple, CFO, Vice President & Treasurer 
Tel: +1 (203) 416-5290 
E-mail: aruple@cdti.com 
 
 
 
 
Charles Stanley Securities, Nominated Adviser 
Philip Davies / Jen Boorer 
020 7149 6000 
E-mail phillip.davies@csysecurities.com 
 
 
Notes to Editors 
It is a requirement that dealings in shares by directors of companies trading on 
the London Stock Exchange's Alternative Investment Market (AIM) be published. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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