Result of EGM

RNS Number : 1580Z

Clean Energy Brazil PLC

16 September 2009

 



16 September, 2009

Clean Energy Brazil PLC

('CEB' or the 'Company')

Result of EGM

Clean Energy Brazil PLC, an investment company focused on Brazil's sugar cane/ethanol industry, announces that at an EGM held earlier today the resolution proposing the cancellation of the amounts standing to the credit of the share premium account and re-classification of such amounts as a distributable reserve was duly passed.

An application will be made shortly to the High Court of Justice of the Isle of Man to approve the re-classification and it is expected that such approval will be obtained within 50 days of the submission of the application. As announced on 21 August 2009, following such approval the Company intends to return part of the Company's surplus cash resources to shareholders via an interim dividend of US$12.5 million in aggregate or 8.5 US cents per ordinary share.

Further enquiries:

Clean Energy Brazil plc John S. Koutras (Chief Financial Officer)	Tel: [phone]
Smith & Williamson Corporate Finance Limited (Nominated Adviser) Azhic Basirov David Jones	Tel: [phone]
Numis Securities Limited (Broker) Charles Farquhar Lee Aston	Tel: [phone]
Fishburn Hedges (Financial PR Adviser) Andy Berry Michelle James	Tel: [phone] [e-mail] [phone] [phone]

 

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