Released: 02/11/2009
com:20091102:RnsB7330B
.
RNS Number : 7330B
Clean Energy Brazil PLC
02 November 2009
Clean Energy Brazil PLC
("CEB" or the "Company")
The Board of Clean Energy Brazil PLC ("CEB") notes the announcement made on the
afternoon of Friday 30 October 2009 by Global Investors Acquisition LLC ("GIA")
that the offer document detailing its cash offer for the entire issued and to be
issued share capital of CEB at a price of 12.68 pence per share (the "Offer")
was posted to shareholders of CEB on Friday 30 October 2009.
The Board will respond in detail when the Board issues its formal response
setting out its view on the Offer on or before 13 November 2009.
In the meantime, CEB shareholders are recommended to take no action in relation
to the Offer.
- ends -
For further information please contact:
Numis Securities Limited Tel: +44 (0) 20 7260 1000
(Financial Adviser & Broker)
Charles Farquhar
Lee Aston
Smith & Williamson Corporate Finance Limited Tel: +44 (0) 20 7131 4000
(Nominated Adviser)
Azhic Basirov
David Jones
Fishburn Hedges Tel: +44 (0) 20 7839 4321
(Financial PR Adviser) ceb@fishburn-hedges.co.uk
Andy Berry +44 (0) 7767 374421
Michelle James +44 (0) 7958 451446
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
"Code"), if any person is, or becomes, 'interested' (directly or indirectly) in
1 per cent. or more of any class of 'relevant securities' of Clean Energy Brazil
PLC all 'dealings' in any 'relevant securities' of that company (including by
means of an option in respect of, or a derivative referenced to, any such
'relevant securities') must be publicly disclosed by no later than 3.30 p.m.
(London time) on the London business day following the date of the relevant
transaction. This requirement will continue until the date on which the Offer
becomes, or is declared, unconditional as to acceptances, lapses or is otherwise
withdrawn or on which the 'offer period' otherwise ends. If two or more persons
act together pursuant to an agreement or understanding, whether formal or
informal, to acquire an 'interest' in 'relevant securities' of Clean Energy
Brazil PLC, they will be deemed to be a single person for the purpose of Rule
8.3.
Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Clean Energy Brazil PLC by GIA or by any of Clean Energy Brazil's
or GIA's respective 'associates', must be disclosed by no later than 12.00 noon
(London time) on the London business day following the date of the relevant
transaction.
A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.
'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.
The directors of Clean Energy Brazil PLC accept responsibility for the
information contained in this announcement and, to the best of their knowledge
and belief (having taken all reasonable care to ensure that such is the case),
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.
Numis Securities Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for the
Company and no one else in connection with the Offer and will not be responsible
to anyone other than the Company for providing the protections afforded to
clients of Numis Securities Limited or for providing advice in relation to the
Offer or for the contents of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
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