Eco (atlantic) Regulatory News (ECO)

14 Dec 2005 08:41

AIM14 December 2005 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2 ALL APPLICANTS MUST COMPLETE THE FOLLOWING: COMPANY NAME: ECOSECURITIES GROUP PLC ("EcoSecurities") COMPANY ADDRESS: REGUS HOUSE HARCOURT ROAD DUBLIN 2 IRELAND COMPANY POSTCODE: DUBLIN 2 COUNTRY OF INCORPORATION: REPUBLIC OF IRELAND COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED INACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES: EcoSecurities is one of the world's leading originators of projects which have the potential to generate carboncredits. EcoSecurities operates from an international network of offices identifying potential projects,structuring them to qualify under the terms of the Kyoto Protocol, and then selling carbon credits generated tomarket participants, including, amongst others, emitters, carbon funds and governments. The Group's currentproject portfolio consists of 121 projects and benefits from wide diversification with locations in 26 countriesand utilising 15 technologies. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to whichit seeks admission and the number and type to be held as treasury shares): Ordinary Shares of 0.0025 euros each. 91,626,676 ordinary shares to be admitted at a price of 150p CAPITAL TO BE RAISED ON ADMISSION: c.€80 million FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS: Mark Patrick Nicholls (Non-executive Chairman) Bruce Michael Usher (Chief Executive Officer) Pedro Henrique Moura Costa (President and Chief Operating Officer) Gerald Jack MacDonald (Chief Financial Officer) Jesse Michael Fink (Non-executive Director) Brent Christopher Bechtle (Non-executive Director) Thomas Patrick Byrne (Non-executive Director) PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITALBEFORE AND AFTER ADMISSION: Name of institution % of ISC % of ISC/individual before admission after admission MSM Capital Partners 25.5% 15.5% Polar Sky Corporation* 24.0% 14.6% Marc Stuart 22.1% 13.4% Cargill 11.1% 6.7% Bruce Usher 8.4% 5.1% *Polar Sky Corporation is controlled by Pedro Moura Costa (C.O.O. and President of the Company) NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: N/A ANTICIPATED ACCOUNTING REFERENCE DATE: 31 December 2005 EXPECTED ADMISSION DATE: Monday 19 December 2005 (conditional dealings to commence on Wednesday 14 December 2005) NAME AND ADDRESS OF NOMINATED ADVISER: Hoare Govett Limited 250 Bishopsgate London EC2M 4AA NAME AND ADDRESS OF BROKER: Hoare Govett Limited 250 Bishopsgate London EC2M 4AA DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENTTHAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: Baker & McKenzie 100 New Bridge Street London EC4V 6JA DATE OF NOTIFICATION: 14 December 2005 NEW/ UPDATE (see note): UPDATE This information is provided by RNS The company news service from the London Stock Exchange