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16 Sep 2009 11:41
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16Β September,Β 2009
Clean Energy BrazilΒ PLC
("CEB" or the "Company")
Result of EGM
Clean Energy BrazilΒ PLC, an investment company focused onΒ Brazil's sugar cane/ethanolΒ industry, announces thatΒ atΒ anΒ EGM held earlier today theΒ resolutionΒ proposing theΒ cancellation of the amountsΒ standing to the credit of theΒ share premiumΒ account andΒ re-classification of such amounts as a distributable reserve was dulyΒ passed.
An application will be madeΒ shortlyΒ to the High Court of Justice of theΒ Isle of ManΒ to approve the re-classification and it is expected that such approval will be obtained within 50 days of the submission of the application. As announced on 21 August 2009, following such approval the Company intends to return part of theΒ Company's surplus cash resources to shareholders via an interim dividend of US$12.5 million in aggregate or 8.5 USΒ cents perΒ ordinary share.
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Further enquiries:
|
Clean Energy Brazil plc John S. Koutras (ChiefΒ FinancialΒ Officer) Β |
Tel: +55 (0) 11 3556 8750 |
|
Smith & Williamson Corporate Finance Limited (Nominated Adviser) Azhic Basirov David Jones Β |
Tel: +44 (0) 20 7131 4000 |
|
Numis Securities Limited (Broker) Charles Farquhar Lee Aston Β |
Tel: +44 (0) 20 7260 1000 |
|
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 |
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