Eco (atlantic) Regulatory News (ECO)

8 Jun 2009 07:00



EDF Trading Limited ("EDF Trading")

Announcement in accordance with Rule 2.4 of the Irish Takeover Panel Act 1997,

Takeover Rules 2007. 

Possible offer for EcoSecurities Group plc ("EcoSecurities")

EDF Trading, a wholly owned subsidiary of Électricité de France S.A. has noted the announcement of 5 June 2009 by Guanabara Holdings B.V. in relation to a possible offer for EcoSecurities, and confirms that it, or a subsidiary of it, is considering a cash offer for the entire issued and to be issued share capital of EcoSecurities without recourse to third party financing. The level of any such cash offer is contemplated to be at a price of at least 75 pence per share, with the ultimate level of any offer dependent on the satisfactory completion of due diligence.

This announcement does not amount to a firm intention to make an offer under Rule 2.5 of the Irish Takeover Panel Act 1997, Takeover Rules 2007 and, at this stage, there can be no certainty that an offer or any other transaction will occur.

A further announcement will be made when appropriate.

Enquiries

The holder of 1% or more of any relevant securities in EcoSecurities may from the date of this announcement have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2001 to 2007, as applied, with amendments by the European Communities (Takeover Bids (Directive 2004/25/EC)) Regulations 2006.

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 for which they accept responsibility 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.