Last checked at 16 Jul 2009 13:51
RNS Number : 7652V
EDF Trading Limited
16 July 2009
EDF Trading Limited ("EDF Trading")
Portfolio purchase agreement with Guanabara Holdings B.V. ("Guanabara") in relation to EcoSecurities Group plc ("EcoSecurities")
EDF Trading has entered into a conditional portfolio purchase agreement with Guanabara whereby EDF Trading has been granted options to purchase EcoSecurities' pre-2012 CER contracted portfolio, a proportion of its pre-2012 CER contracted portfolio under due diligence, and its contracted pre-2012 CER sales in the event that Guanabara completes a successful offer for EcoSecurities. Completion of an option is conditional on, amongst other things, receipt of all necessary regulatory consents. Depending on the degree to which the options are exercised, EDF Trading may acquire a significant proportion of EcoSecurities' contracted portfolio. Provided that EDF Trading exercises an option it intends to enter a services agreement with EcoSecurities whereby EcoSecurities will provide clean development mechanism services for the purposes of the registration and issuance of CERs under the acquired contracts. EDF Trading looks forward to a successful ongoing relationship with EcoSecurities.
EDF Trading has undertaken not to deal in securities of EcoSecurities for the term of the agreement or until Guanabara's offer is declared unconditional and declares that it does not have any interests or short positions in relation to securities in EcoSecurities.
Enquiries
| Numis Securities Limited Corporate finance: John Harrison / Lee Aston Corporate broking: James Black | Tel: +44 (0) 20 7260 1000 |
A person interested in 1% or more of any class of relevant securities in EcoSecurities may have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act 1997, Takeover Rules, 2007 to 2008.
The directors of EDF Trading accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of EDF Trading (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.
Numis Securities Limited, which is authorised and regulated by the FSA in the United Kingdom, is acting exclusively for Électricité de France S.A. and its subsidiaries and no-one else in connection with the possible offer and will not be responsible to anyone other than Électricité de France S.A. and its subsidiaries for providing the protections afforded to clients of Numis Securities Limited nor for providing advice in relation to the possible offer, the contents of this announcement or any other matter or arrangement referred to herein.
This information is provided by RNS
The company news service from the London Stock Exchange