Business
Further re Offer
Further re Offer.
About this update from Beacon Energy Plc
[{"type":"text","content":"\n RNS Number : 1960A Clean Energy Brazil PLC 05 October 2009 \n \n5 October 2009\n\nClean Energy Brazil PLC\n('CEB' or the 'Company')\n\nClean Energy Brazil statement in response to proposed offer\n\n\nThe board of CEB notes the announcement on 2 October 2009 relating to an unsolicited proposed mandatory cash only offer by Global Investors Acquisition LLC for the entire issued ordinary share capital of CEB not already owned by GIA and concert parties, at GBP£0.1268 per CEB ordinary share (the 'GIA Offer').\n\nThe board intends to consider the offer and will make a recommendation to shareholders in due course. The Board recommends that, in the meantime, shareholders should refrain from making a decision in respect of the GIA Offer.\n\nA further announcement will be made when appropriate.\n\n\n- ends -\n\nFor further information please contact:\n\n\n\n\n\nNumis Securities Limited\n(Financial Adviser & Broker)\nCharles Farquhar\nLee Aston\n \n\n\nTel: +44 (0) 20 7260 1000 \n\n\n\n\n\nSmith & Williamson Corporate Finance Limited\n(Nominated Adviser)\nAzhic Basirov\nDavid Jones\n \n\n\nTel: +44 (0) 20 7131 4000\n\n\n\n\nFishburn Hedges\n(Financial PR Adviser)\nAndy Berry\nMichelle James\n\n\nTel: +44 (0) 20 7839 4321\[email protected]\n+44 (0) 7767 374421\n+44 (0) 7958 451446\n\n\n\n\n\n\nUnder the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1 per cent. or more of any class of 'relevant securities' of Clean Energy Brazil PLC all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 p.m. (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which any offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Clean Energy Brazil PLC, they will be deemed...