30 Oct 2009 13:18
30 October 2009
CLEAN ENERGY BRAZIL PLC (the "Company" or "CEB")
Availability of accounts and Notice of Annual General Meeting ("AGM")
Pursuant to Rule 20 of the AIM Rules for Companies, the Company confirms that copies of the annual report and accounts for the period ended 30 April 2009 and Notice of AGM have been sent to shareholders and copies will shortly be available on the company's website www.cleanenergybrazil.com.
The AGM of the Company will be held at IOMA House, Hope Street, Douglas, Isle of Man IM1 1AP on 4 December 2009 at 10.00am.
For further information please contact:
| Numis Securities Limited (Financial Adviser & Broker) Charles Farquhar Lee Aston
| Tel: +44 (0) 20 7260 1000 |
| Smith & Williamson Corporate Finance Limited (Nominated Adviser) Azhic Basirov David Jones
| Tel: +44 (0) 20 7131 4000 |
| Fishburn Hedges (Financial PR Adviser) Andy Berry Michelle James | Tel: +44 (0) 20 7839 4321 ceb@fishburn-hedges.co.uk +44 (0) 7767 374421 +44 (0) 7958 451446 |
About CEB
CEB was formed to invest in integrated sugar and ethanol production units in Brazil, giving investors exposure to:
Brazil's domestic ethanol market;
The global sugar market; and
The growth in global ethanol demand.
The Company currently retains a minority interest in one operational sugar and ethanol production unit and two greenfield cane plantations. The company is self-managed and typically has an active engagement with its investee companies. The Board has decided that, for the time being, no further investment of the Company's free cash reserves will be made in any of its existing investments other than in relation to maintenance expenditure at the wholly-owned subsidiaries with greenfield plantations.
The Board seeks to maximise the value of the Company's remaining investments for the benefit of its shareholders and has decided to return surplus cash to shareholders.