Eco (atlantic) Regulatory News (ECO)

5 Jun 2009 07:00



Guanabara Holdings B.V. 

Rule 2.4 Announcement 

For immediate release

Announcement in accordance with Rule 2.4 of the Irish Takeover Panel Act 1997, Takeover Rules 2007.

Possible Offer for EcoSecurities Group plc

The board of Guanabara Holdings B.V. (Guanabara) confirms that it is considering an offer for the entire issued and to be issued share capital of EcoSecurities Group plc (EcoSecurities) at a price of 60 pence per ordinary share.  

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

A further announcement is expected to be made by Guanabara in due course.

Information on Guanabara 

Guanabara is a Dutch company chaired by Dr Pedro Moura Costa (a founder of EcoSecurities) and owned as to 50% each by:

BTG and Grandal have come together to form Guanabara for the specific purpose of jointly making a potential offer for EcoSecurities. 

Financial Advisers

Dresdner Kleinwort Limited, which is authorised and regulated by the Financial Services Authority, is acting as sole financial adviser to Guanabara and no one else in connection with the Cash Offer and will not be responsible to anyone other than Guanabara for providing the protections afforded to clients of Dresdner Kleinwort Limited, or for affording advice in relation to the transaction or any other matter referred to herein. 

Noble & Company, which is authorised and regulated by the Financial Services Authority, is acting as corporate broker to Guanabara and no one else in connection with the Cash Offer and will not be responsible to anyone other than Guanabara for providing the protections afforded to clients of Noble & Company or for affording advice in relation to the transaction or any other matter referred to herein.

Directors Responsibility Statement 

The directors of Guanabara accept responsibility for all the information contained in this announcement, save that the only responsibility accepted by them in respect of information in this announcement relating to EcoSecurities, which has been compiled from public sources, is to ensure that such information has been correctly and fairly reproduced and presented. 

Disclosure Obligations

Any holder of 1% or more of any class of relevant securities of EcoSecurities or Guanabara may from the date of this announcement have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act 1997, Takeover Rules 2007.