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Share Price: 18.827

Bid: 18.78

Ask: 18.874

Change: -0.307 (-1.60%)

Spread: 0.094 (0.501%)

Open: 19.134

High: 0.00

Low: 0.00

Prev. Close: 19.134

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Leaf merger for Trading Emissions

Mon, 09th Nov 2009 15:28

Carbon trading business Trading Emissions and clean energy investment company Leaf Clean Energy are in merger discussions. The plan is to merge the two AIM-quoted businesses and transfer the enlarged entity to the Main Market. Trading Emissions would reverse into Leaf via an all share offer. The merger already has the backing of a number of shareholders. Shareholders owning 42.2% of Trading Emissions and 43% of Leaf promised to vote for the merger even before talks began. No firm bid valuation has been agreed as yet. At 99.5p a share, Trading Emissions is valued at £256.14m. Leaf is the smaller of the two companies - at 100p a share, it is valued at £183.63m. Both companies have strong balance sheets with cash in the bank. Leaf still had $168m in cash at the end of June 2009, although it has committed a further $65.6m of capital. Trading Emissions had just over £125m in cash at the same point but this is a cash hungry business. Trading Emissions intends to pay a 3p a share dividend in January 2010. The two companies believe that the merger would create a balanced portfolio of renewable energy and carbon-focused assets.

More News

27 Mar 2018 12:08

Trading Emissions First-Half Net Asset Value Rises On Asset Sale Gains

LONDON (Alliance News) - Investment company Trading Emissions PLC on Tuesday reported a rise in net asset value for the first half of 2018 financial year mainly due to sale of

23 Mar 2018 08:58

Trading Emissions Expects To Complete Subsidiary Sale On April 4

LONDON (Alliance News) - Energy-focused investment company Trading Emissions PLC said on Friday it expects to complete the sale of its last solar operating subsidiary Solar 1

12 Mar 2018 07:03

EUROPE RESEARCH ROUNDUP-British American Tobacco, Cairn Energy, Petrofac

March 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including British American Tobacco, Cairn Energy and Petrofac, on Monday. HIGHLIGHTS

20 Dec 2016 12:50

Trading Emissions announces 2.5p/share distribution

(ShareCast News) - Shares in Trading Emissions soared more than a fifth higher on Tuesday as the company announced a distribution of capital to shareholders of 2.5p a share. The distribution totalled about £6.25m and would be paid on 13 January, 2017, to shareholders recorded on the register on 30 D

29 Nov 2016 16:07

UK Shareholder Meetings Calendar - Next 7 Days

2 Sep 2016 08:01

Trading Emissions Shares Boosted By Sale of Solar Assets To Sonnedix

1 Jul 2016 08:52

Trading Emissions Reaches Settlement In Yunnan Dianneng Arbitrations

24 Mar 2016 10:46

WINNERS & LOSERS SUMMARY: Next Shares Slide On Challenging Outlook

24 Mar 2016 08:23

Trading Emissions Reinstates Dividend Despite Net Asset Value Fall

7 Mar 2016 10:40

WINNERS & LOSERS SUMMARY: Break Up Speculation Lifts Old Mutual

7 Mar 2016 09:53

Trading Emissions Shares Up As Further Arbitration Claim Terminated

1 Dec 2015 16:02

AGM, EGM Calendar - Week Ahead

2 Nov 2015 10:47

Trading Emissions To Continue Realising Assets As NAV Falls

14 Sep 2015 12:11

Trading Emissions' €6m claim dismissed

(ShareCast News) - Trading Emissions said an arbitration tribunal has found in favour of the company and dismissed two claims against it amounting to €6m. The tribunal has ordered subsidiaries of Yunnan Dianneng Holding Co, which lodged the claims, to pay $931,440 to Trading Emissions for the legal

14 Sep 2015 10:13

Latest Share Chat

Trading Emissions PLC Share News (TRE)

Share Price Information for Trading Emissions PLC (TRE)

Leaf merger for Trading Emissions

Trading Emissions First-Half Net Asset Value Rises On Asset Sale Gains

Trading Emissions Expects To Complete Subsidiary Sale On April 4

EUROPE RESEARCH ROUNDUP-British American Tobacco, Cairn Energy, Petrofac

Trading Emissions announces 2.5p/share distribution

UK Shareholder Meetings Calendar - Next 7 Days

Trading Emissions Shares Boosted By Sale of Solar Assets To Sonnedix

Trading Emissions Reaches Settlement In Yunnan Dianneng Arbitrations

WINNERS & LOSERS SUMMARY: Next Shares Slide On Challenging Outlook

Trading Emissions Reinstates Dividend Despite Net Asset Value Fall

WINNERS & LOSERS SUMMARY: Break Up Speculation Lifts Old Mutual

Trading Emissions Shares Up As Further Arbitration Claim Terminated

AGM, EGM Calendar - Week Ahead

Trading Emissions To Continue Realising Assets As NAV Falls

Trading Emissions' €6m claim dismissed

Trading Emissions Says EUR6 Million Claims Against It Dismissed

Latest Share Chat

Trading Emissions PLC Share News (TRE)

Share Price Information for Trading Emissions PLC (TRE)

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