Merger Update
11 February 2010 - 10:00PM
UK Regulatory
TIDMTRE TIDMLEAF
RNS Number : 0116H
Trading Emissions PLC
11 February 2010
11 February 2010
Trading Emissions plc
Merger update
On 17th December 2009 the Boards of Trading Emissions plc and Leaf Clean Energy
Company announced a recommended merger of the two companies.
Included in this announcement were details of a letter of intent from Moore
Capital Management L.P. ("Moore Capital") in which it stated that Moore Capital
intended to support the merger and to vote, or to procure votes, in favour of
resolutions to be considered at the forthcoming EGMs on 19th February in respect
of its holdings in Trading Emissions and Leaf Clean.
The Boards of Trading Emissions and Leaf Clean have been informed that it
is Moore Capital's current intention not to vote in favour of the Merger.
According to subsequent disclosures under Rule 8.3 of the Takeover Code, Moore
Capital currently holds 41,276,623 ordinary shares in Trading Emissions
(representing approximately 16.0 per cent of the voting rights of Trading
Emissions) and 6,008,000 ordinary shares in Leaf Clean (representing
approximately 3.3 per cent. of the voting rights of Leaf Clean).
--ENDS--
For further enquiries, please contact:
Trading Emissions PLC (via Haggie Financial PR)
Neil Eckert
Malcolm Gillies
Liberum Capital Limited (nominated adviser and Rule 3 adviser to Trading
Emissions)
Steve Pearce
Tom Fyson
+44 (0) 20 3100 2000
Leaf Clean Energy
Bran Keogh (via Cenkos)
Cenkos Securities plc (nominated adviser to Leaf Clean)
Ivonne Cantu/Liz Bowman
+44 (0) 20 7397 8900
Haggie Financial PR (PR adviser to Trading Emissions)
Peter Rigby
Alexandra Parry
+44 (0) 20 7417 8989
This information is provided by RNS
The company news service from the London Stock Exchange
END
MERTBMMTMBTBBJM
Leaf Clean Energy (LSE:LEAF)
Historical Stock Chart
From Jun 2024 to Jul 2024
Leaf Clean Energy (LSE:LEAF)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Leaf Clean Energy Company (London Stock Exchange): 0 recent articles
More Leaf Clean News Articles