25 Aug 2011 10:03
Clean Energy Brazil PLC
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Surrender of shares in CEB and grant of option to acquire shares in last remaining investment
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25 August 2011
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Clean Energy Brazil plc ("CEB"), is pleased to announce that it has granted an option to Unialco S/A to purchase its entire interest in Unialco M/S in return for Unialco S/A's surrender of its 13,863,929 CEB shares, which CEB expects to have cancelled. The option gives Unialco S/A the right to acquire, on or before 30 September 2011, CEB's entire interest in Unialco MS for US$16 million payable in cash on completion. Â Unialco M/S is CEB's last remaining investment.
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Further enquiries:
IOMA Fund & Investment Management Limited (Administrator)
Philip Scales Tel: +44 (0)1624 681250
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Singer Capital Markets (Nominated Adviser)
Claes Spang ` Tel: +44 (0) 203 205 7500
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