16 Sep 2009 11:41
16 September, 2009
Clean Energy Brazil PLC
("CEB" or the "Company")
Result of EGM
Clean Energy Brazil PLC, an investment company focused on Brazil's sugar cane/ethanol industry, announces that at an EGM held earlier today the resolution proposing the cancellation of the amounts standing to the credit of the share premium account and re-classification of such amounts as a distributable reserve was duly passed.
An application will be made shortly to the High Court of Justice of the Isle of Man 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 the Company's surplus cash resources to shareholders via an interim dividend of US$12.5 million in aggregate or 8.5 US cents per ordinary share.
Further enquiries:
| Clean Energy Brazil plc John S. Koutras (Chief Financial Officer)
| Tel: +55 (0) 11 3556 8750 |
| Smith & Williamson Corporate Finance Limited (Nominated Adviser) Azhic Basirov David Jones
| Tel: +44 (0) 20 7131 4000 |
| Numis Securities Limited (Broker) Charles Farquhar Lee Aston
| 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 |