22 May 2009 15:30
BioEnergy Africa Ltd / Index: AIM / Epic: BAL / Sector: Renewable Energy
22 May 2009
BioEnergy Africa Ltd ('BioEnergy Africa' or 'the Company')
Holdings in Company
BioEnergy Africa Ltd, the AIM listed company formed to develop the production of ethanol from sugar cane projects in southern Africa, was notified on 22 May 2009 that Ashendon Investments Inc. ('Ashendon') purchased 50,000,000 ordinary shares in the Company from Central African Mining & Exploration Company Plc ('CAMEC') on 22 May 2009.
Following this acquisition Ashendon has an interest in 136,680,000 ordinary shares representing approximately 41.1% of the Company's total voting rights. CAMEC now holds 48,500,000 ordinary shares in the Company representing approximately 14.6% of the total voting rights.
The existing lock in agreement entered into by Ashendon on 13 August 2008 will continue to apply, to the whole of Ashendon's interest in the Company, until 1 September 2009.
** ENDS **
For further information please visit www.bioenergyafrica-ltd.com or contact:
| Andrew Groves | BioEnergy Africa | Tel: +44 (0) 845 108 6060 |
| Jonathan Wright | Seymour Pierce Ltd | Tel: +44 (0) 20 7107 8000 |
| Sarah Jacobs | Seymour Pierce Ltd | Tel: +44 (0) 20 7107 8000 |
| Hugo de Salis | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
| Susie Callear | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |