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ENV Enova

2.50
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Enova LSE:ENV London Ordinary Share COM SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.50 GBX

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Posted at 26/10/2012 07:57 by m.t.glass
".... trading on London Stock Exchange's AIM market will be unaffected ..."


RNS Number : 5946P

Enova Systems, Inc.

26 October 2012

Enova Systems Announces Delisting from NYSE MKT

Torrance, CA - October 25, 2012 - Enova Systems, Inc. (NYSE MKT: ENA and AIM: ENV and ENVS), (the "Company") received notification on October 24, 2012 from the NYSE MKT (the "Exchange" and formerly known as the NYSE Amex) stating that, because the Company was not in compliance with certain of the Exchange's continued listing standards, the Exchange intends to strike the common stock of the Company from the Exchange by filing a delisting application with the Securities and Exchange Commission (the "SEC"). The Company previously disclosed in Current Reports on Form 8-K filed with the SEC on April 20, 2012, May 29, 2012, July 6, 2012, and October 24, 2012 the provisions of Exchange's continued listing standards with which the Company was not in compliance. The Company does not intend to request an appeal hearing of the Exchange's delisting determination.

The Company anticipates that the delisting of its common stock from the Exchange will be effective at the opening of the Exchange on Wednesday, October 31, 2012.

The Company expects that its common stock will trade on the OTCQB Marketplace under the Company's current trading symbol "ENA" upon delisting from the Exchange, or as soon as practicable thereafter. The OTCQB is a market tier operated by the OTC Market Group Inc. for over-the-counter traded companies. The Company anticipates that the delisting will be completed once the Exchange files a Form 25-NSE Notification of Delisting with the SEC. The delisting and transition to the OTCQB does not change the Company's obligations to file periodic and other reports with the SEC under applicable federal securities laws.

The Company expects that the admission of its common stock for trading on London Stock Exchange's AIM market will be unaffected by the NYSE MKT's determination.

About Enova:

Enova Systems ( is a leading supplier of efficient, environmentally friendly digital power components and systems products. The Company's core competencies are focused on the development and commercialization of power management and conversion systems for mobile applications. Enova applies unique 'enabling technologies' in the areas of Alternative Energy propulsion systems for light and heavy-duty vehicles as well as power conditioning and management systems for distributed generation systems. The Company develops, designs and produces non-invasive drive systems and related components for electric, hybrid-electric, and fuel cell powered vehicles in both the "new" and "retrofit" vehicle sales market. For further information, contact Enova Systems directly, or visit its Web site at

ENOVA SYSTEMS, Inc.

1560 West 190th Street

Torrance, CA 90501

Tel: 310-527-2800

Contact: John Micek, CEO/Investor Relations

Additional Information:

This news release contains forward-looking statements relating to Enova Systems and its products that are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will, " "should," "could," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology and statements about industry trends and Enova's future performance, operations and products. These forward-looking statements are subject to and qualified by certain risks and uncertainties. These and other risks and uncertainties are detailed from time to time in Enova Systems' periodic filings with the Securities and Exchange Commission, including but not limited to Enova's annual report on Form 10-K for the year ended December 31, 2011 and Form 10-Q for the quarterly period ended June 30, 2012.

This information is provided by RNS

The company news service from the London Stock Exchange

END
Posted at 21/6/2011 07:04 by m.t.glass
June 20, 2011

Enova Systems Announces Decision to Maintain AIM Status and Appointment of
New Nominated Advisor and Broker

TORRANCE, Calif. - Enova Systems Inc. ("the Company") (NYSE AMEX: ENA)
(AIM: ENV) (AIM: ENVS) ), a leading developer of proprietary hybrid electric and all-
electric drive systems and drive system components for the emerging green commercial
vehicle market, has determined to maintain the listing of its ordinary shares on the AIM
Exchange. Further to the announcement made on April 21, 2011, and in light of
discussions with a number of the Company's shareholders, the board has reviewed its
decision to cancel its admission of Ordinary Shares to trading on AIM and has decided to
maintain its AIM quotation. The Company believes this decision will best serve the
interests of its shareholders, many of whom indicated a desire to continue to support the
Company through its quotation on AIM.

Having committed to continue trading its Ordinary Shares on AIM, the Company is
pleased to announce the appointment of Daniel Stewart & Company ("Daniel Stewart")
as its Nominated Adviser and Broker with immediate effect. Daniel Stewart is regarded
as one of AIM's leading NOMADs with offices in London and New York. Additionally,
Daniel Stewart will provide analyst coverage for Enova.

Enova Chief Financial Officer John Micek said "The addition of Daniel Stewart and
Company assists our initiative to provide Enova's shareholders with desired analyst
coverage, as well as maintain a strong presence with our AIM shareholders."

The Company also has determined that, given its decision to continue trading on AIM, it
is in the Company's best interest to move its annual shareholder meeting previously
scheduled for June 21, 2011 to the normal meeting time later in the year.

About Enova:
Enova Systems ( is a leading supplier of efficient,
environmentally friendly digital power components and systems products. The
Company's core competencies are focused on the development and commercialization of
power management and conversion systems for mobile applications. Enova applies
unique 'enabling technologies' in the areas of alternative energy propulsion systems for
light and heavy-duty vehicles as well as power conditioning and management systems for
distributed generation systems. The Company develops, designs and produces non-
invasive drive systems and related components for electric, hybrid-electric, and fuel cell
powered vehicles in both the "new" and "retrofit" vehicle sales market. For further information, contact Enova Systems


ENOVA SYSTEMS, Inc.
1560 West 190th Street
Torrance, CA 90501
Tel: 310-527-2800

Contact: John Micek, CFO/Investor Relations

About Daniel Stewart:

Daniel Stewart & Co is an investment bank offering both corporate advisory and
institutional stockbroking services and focusing on small and mid-size companies.

The full range of services includes corporate finance, corporate broking, research, sales &
trading, debt advisory and investor relations. Daniel Stewart is both a nominated adviser
to AIM and a regulated broker to both the Official List and AIM.
ts that are intended to be covered by the safe harbor for forward-looking
Posted at 01/5/2010 10:11 by m.t.glass
Largest shareholders (filed March 2010)
Copied from

Jagen, Pty., Ltd.(1) 3,222,222 10.3 % 10.2 %
9 Oxford Street, South Ybarra 3141 Melbourne,
Victoria Australia

Shell Asset Management BV(2) 6,054,960 19.3 % 19.2 %
Sir Winston Churchillaan 366H, 2285 SJ Rijswijk ZH, The Netherlands

J O Hambro Capital Management Group Limited(3) 2,227,500 7.1 % 7.1 %
Ground Floor, Ryder Court 14 Ryder Street London, United Kingdom SW1Y 6QB

GAM Holdings AG(4) 2,244,275 7.1 % 7.1 %
Klaustrasse 10 8008 Zurich, Switzerland

Special Situation Fund, L.P.(5) 4,530,814 14.4 % 14.4 %
527 Madison Avenue, Suite 2600, New York, NY 10022

Swiss Global Asset Management AG(6) 1,771,750 5.6 % 5.6 %
69, route d'Esch, L-1470, Luxembourg

Jarett Fenton(8) 83,333 0.3 % 0.3 %
Michael Staran(9) 210,166 0.7 % 0.7 %
John Mullins(10) 57,083 0.2 % 0.2 %
Bjorn Ahlstrom 67,292 0.2 % 0.2 %
Malcolm R. Currie 79,960 0.3 % 0.3 %
Richard Davies(1)(7) 3,222,222 10.3 % 10.2 %
John J. Micek(11) 192,533 0.6 % 0.6 %
Roy S. Roberts(11) 59,870 0.2 % 0.2 %
John R. Wallace(11) 80,563 0.3 % 0.3 %
Edwin O. Riddell(12) 140,514 0.4 % 0.4 %
All Executive Officers and Directors as a group 4,193,536 13.4 % 13.3 %





(1) Jagen Pty. Ltd. (Jagen) shares beneficial ownership with Jagen's controlling shareholder, the B. Liberman Family Trust and its trustee, Jagen Nominees, Pty. Ltd. Mr. Davies is Managing Director for Jagen. Boris and Helen Liberman possess ultimate voting and discretionary authority over the shares.

(2) Based on a Form 3 filed December 15, 2009. Shell Asset Management Company BV manages assets of The Shell Group and its subsidiaries and affiliates, including certain pension plans organized for the benefit of employees of The Shell Group. As such, The Shell Group and such subsidiaries and affiliates, including such pension plans, have the right to the receipt of dividends from, and the proceeds from the sale of, the shares of common stock.

(3) Based upon a Holding(s) in Company filed on August 19, 2008 via the Regulatory News Service ("RNS") on the London Stock Exchange.

(4) Based upon a Schedule 13G/A filed February 11, 2009, GAM Holding AG holds shared voting and investment power with its wholly-owned subsidiaries, GAM International Management Limited (GIML) and GAM London Limited (GAM London) of which GIML is the investment adviser of GAM Global Diversified and GAM London is the investment adviser of SJP GAM Managed-Life, SJP GAM Managed - Pension, SJPI GAM Sterling Managed Fund and SJPI GAM US Dollar Managed Fund.

(5) Based on a Schedule 13G filed January 7, 2010. MGP Advisors Limited ("MGP") is the general partner of the Special Situations Fund III, QP, L.P. AWM Investment Company, Inc. ("AWM") is the general partner of MGP and the general partner of and investment adviser to the Special Situations Cayman Fund, L.P. Austin W. Marxe and David M. Greenhouse are the principal owners of MGP and AWM. Through their control of MGP and AWM, Messrs. Marxe and Greenhouse share voting and investment power over the portfolio securities of each of the funds listed above.

(6) Based on a Schedule 13G filed December 31, 2009. SAM Sustainable Asset Management AG ("SAM"), as investment adviser of the Julius Bar Multipartner SAM Smart Energy Fund (part of the "Julius Barr Multipartner SICAV"), holds investment power over the shares listed above. The voting power of the shares listed above is held by the Julius Barr Multipartner SICAV fund administrator, Swiss & Global Asset Management Ltd. Zurich, which has delegated such voting power over the shares listed above to SAM which in turn, has delegated such voting power to Robeco Institutional Asset Management.

(7) Mr. Davies has elected not to receive quarterly compensation for his services as director.

(8) Includes 78,333 shares of common stock underlying stock options that are exercisable within 60 days.

(9) Includes 139,666 shares of common stock underlying stock options that are exercisable within 60 days.

(10) Includes 57,083 shares of common stock underlying stock options that are exercisable within 60 days.

(11) Includes 8,625 shares of common stock underlying stock options that are exercisable within 60 days.

(12) Includes 60,847 shares of common stock underlying stock options that are exercisable within 60 days.
Posted at 12/8/2009 07:12 by debbiegee
Huge pread but when it moves IT MOVES !
I believe on the odd days when it trades well they trade within the spread.
However perhaps not such a good idea to trade.
The way I see it see it with ENV surely they are in a better position as when they were £3.00 ?
Also always remember to limit your orders or accept a quote as I have seen orders go through at 10p outside of the spread !
Posted at 07/8/2009 12:50 by bones30
Comparing the price on the two exchanges. AMEX vs LSE and the LSE one seems really "dampened", doesn't seem to perform as well. Any idea why?
Posted at 07/8/2009 12:48 by debbiegee
Tans business is their business?
Showed to US Postal service last month ?
Taking part in EV conference 10-13 August ?
They are this price in the States after a few rises over there ?
Posted at 22/7/2009 06:28 by debbiegee
ENV presenting to the US postal service today !
Posted at 14/4/2009 12:54 by m.t.glass
asp -- if ADC do delist from AIM in 3 weeks time (as indicated) do you envisage BBers' attention switching to ENV?

(Unless ENV follows ADC's example and delists to save money!)
Posted at 31/3/2009 14:17 by m.t.glass
Not a flicker of movement in ENV prices on Level 2, and still a horrendous bid/offer spread.
Posted at 24/4/2008 07:52 by m.t.glass
RNS Number:0094T
Enova Systems, Inc.
24 April 2008

Enova Announces Additional Financing

Placing of shares

Enova Systems, Inc ("Enova" or the "Company") today announces that it has
entered into a Securities Purchase Agreement ("Purchase Agreement") and
Registration Rights Agreement with several accredited investors ("Investors").
Pursuant to the Purchase Agreement, the Investors have agreed to purchase
1,273,700 shares ("Investor Shares") of Enova's common stock of no par value ("
Common Shares") at $3.91 per Common Share (the "Placing Price"). It is
anticipated that Enova will receive approximately $4,980,167 in gross proceeds
from the sale of the Investor Shares. The net proceeds of from the sale of the
Investor Shares are to be utilised to fund working capital and to strengthen the Company's balance sheet. Further details of the placing of Common Shares are set out below.

The securities offered have not been registered under the United States
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration requirements.
This Press Release does not constitute an offer of any securities for sale.

Further details of the placing

The Investor Shares will be sold by Enova in a private placement under
Regulation D of the US Securities Act of 1933, as amended. The closing of the
issue of Investor Shares is conditional upon, among other things, the listing of the Investor Shares for trading on the American Stock Exchange.

The Placing Price represents a discount of approximately 5.8 per cent to the
closing middle market price of the Enova unrestricted common shares (Code: ENV)
on April 23, 2008 on the AIM Market of the London Stock Exchange. The Placing
Shares represent approximately 6.6 per cent of the Company's issued share
capital immediately prior to the issue of the Investor Shares. The closing price of Enova's Common Shares on the American Stock Exchange on April 23, 2008 was $3.86.

Application will be made to the London Stock Exchange for the Investor Shares to be admitted to trading as restricted Common Shares on AIM. The Investor Shares will rank pari passu in all respects with the existing Common Shares on the restricted line (Code: ENVS) except that pursuant to the US Securities Act of 1933 (as amended) the eligibility of a shareholder to transfer shares from the restricted line (Code: ENVS) to the unrestricted line (Code: ENV) will depend on the time period that their shares have been held and any other applicable restrictions. Application has also been made to the American Stock Exchange Inc. for the Placing Shares to be listed on AMEX. Stonegate Securities Inc. acted as the placement agent for the transaction.

The implementation of the issue of Investor Shares does not require shareholder
approval. It is expected that dealings in the Investor Shares on AIM will
commence on 29 April 2008.

About Enova:

Enova Systems ( is a leading supplier of efficient,
environmentally friendly digital power components and systems products. The
Company's core competencies are focused on the development and commercialization of power management and conversion systems for mobile applications. Enova applies unique 'enabling technologies' in the areas of alternative energy propulsion systems for light and heavy-duty vehicles as well as power conditioning and management systems for distributed generation systems. The Company develops, designs and produces non-invasive drive systems and related components for electric, hybrid-electric, and fuel cell powered vehicles in both the "new" and "retrofit" vehicle sales market. For further information, contact Enova Systems directly, or visit its Web site at

For further details

Enova Systems, Inc Tel: +1 310 527 2800
Mike Staran, President and Chief Executive Officer/Jarett Fenton, Chief
Financial Officer

Investec as Nominated Advisor to the Company Tel: 020 7597 5970
Michael Ansell / Paul Brett

Global Equity IR
Amira Bardichev Tel: 07956 206270
Enova share price data is direct from the London Stock Exchange

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