Notification Pursuant to AIM Rule 17
EcoSecurities Group plc
29 October 2009
EcoSecurities Group plc
Notification of Interest in Shares pursuant to AIM Rule 17
Pursuant to its obligation under AIM Rule 17, EcoSecurities Group plc
announces that it has received the following information from
1. J. P. Morgan Ventures Energy Corporation about its interest in the
Ordinary Shares of EcoSecurities Group plc, on 28 October 2009:
'Pursuant to and in fulfilment of the statutory obligations
imposed by Section 67 of the Companies Act 1990, we hereby notify
EcoSecurities Group plc (the "Company") that as at close of
business on 27 October 2009, J. P. Morgan Ventures Energy
Corporation ("JPMVEC") had a direct interest in 12,114,000
ordinary shares of ¤0.0025 each in the capital of the Company
(the "Ordinary Shares") which represent approximately 10.25% of
the total issued share capital of the Company as at the close of
business on 27 October 2009.
This notification is made consequent on the acquisition by JPMVEC
on 14 September 2009 of the legal and beneficial interest in
100,000 Ordinary Shares of ¤0.0025 each in the capital of the
Company and on 22 October 2009 of the legal and beneficial
interest in 12,014,000 ordinary shares of ¤0.0025 each in the
capital of the Company.'
2. J. P. Morgan Securities Limited about its interest in the Ordinary
Shares of EcoSecurities Group plc, on 28 October 2009:
'Pursuant to and in fulfilment of the statutory obligations
imposed by Section 67 of the Companies Act 1990, we hereby notify
EcoSecurities Group plc (the "Company") that as at close of
business on 27 October 2009, J. P. Morgan Securities Ltd.
("JPMSL") had a direct interest in 21,023,390 ordinary shares of
¤0.0025 each in the capital of the Company (the "Ordinary
Shares") which represent approximately 17.78% of the total issued
share capital of the Company as at the close of business on 27
October 2009.
This notification is made consequent on the acquisition by JPMSL
on 22 October 2009 of the legal and beneficial interest in
2,498,840 Ordinary Shares of ¤0.0025 each in the capital of the
Company.'
Contacts:
EcoSecurities +353 (0)1 613 9814
Patrick James Browne
Company Secretary
RBS Hoare Govett +44 (0) 20 767 88000
Justin Jones
Hugo Fisher
Citigate Dewe Rogerson +44 (0) 20 7638 9571
Kevin Smith
Further information
The directors of EcoSecurities accept responsibility for the
information contained in this announcement. To the best of the
knowledge and belief of the directors of EcoSecurities (who have
taken all reasonable care to ensure that such is the case), the
information contained in this announcement is in accordance with the
facts and does not omit anything likely to affect the import of such
information.
RBS Hoare Govett Limited which is authorised and regulated in the
United Kingdom by the Financial Services Authority is acting
exclusively for EcoSecurities and for no-one else in connection with
the Increased Offer (defined below) and will not be responsible to
anyone other than EcoSecurities for providing the protections
afforded to clients of RBS Hoare Govett Limited or for providing
advice in relation to this matter or any other matters referred to in
this announcement.
Dealing disclosure requirements
Under the provisions of Rule 8.3 of the Irish Takeover Rules, if any
person is, or becomes, "interested" (directly or indirectly) in, one
per cent or more of any class of "relevant securities" of
EcoSecurities, all "dealings" in any "relevant securities" of
EcoSecurities (including by means of an option in respect of, or a
derivative referenced to, any such "relevant securities") must be
publicly disclosed by not later than 3.30pm (Dublin time) on the
business day following the date of the relevant transaction. This
requirement will continue until the date on which the Increased Offer
(as defined below) becomes, or is declared, unconditional as to
acceptances or lapses or is otherwise withdrawn or on which the
"offer period" otherwise ends. If two or more persons co-operate on
the basis of any agreement, either express or tacit, either oral or
written, to acquire an "interest" in "relevant securities" of
EcoSecurities, they will be deemed to be a single person for the
purpose of Rule 8.3 of the Irish Takeover Rules.
Under the provisions of Rule 8.1 of the Irish Takeover Rules, all
"dealings" in "relevant securities" of EcoSecurities by Carbon
Acquisition Company Limited or EcoSecurities, or by any of their
respective "associates" must also be disclosed by no later than 12
noon (Dublin time) on the business day following the date of the
relevant transaction.
A disclosure table, giving details of the companies in whose
"relevant securities" "dealings" should be disclosed can be found on
the Irish Takeover Panel's website at www.irishtakeoverpanel.ie.
"Interests in securities" arise, in summary, when a person has long
economic exposure, whether conditional or absolute, to changes in the
price of securities. In particular, a person will be treated as
having an "interest" by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative
referenced to, securities.
Terms in quotation marks are defined in the Irish Takeover Rules,
which can also be found on the Irish Takeover Panel's website. If you
are in any doubt as to whether or not you are required to disclose a
dealing under Rule 8, please consult the Irish Takeover Panel's
website at www.irishtakeoverpanel.ie or contact the Irish Takeover
Panel on telephone number +353 (0)1 678 9020; fax number +353 (0)1
678 9289.
A copy of the documents listed as available for inspection in Carbon
Acquisition Company Limited's recommended cash offer document dated
25 September 2009 setting out the terms of the increased offer of 105
pence per ordinary share made by Carbon Acquisition Company Limited
(the "Increased Offer") and a copy of all announcements made by
EcoSecurities in relation to the original offer of 100 pence per
ordinary share made by Carbon Acquisition Company Limited on 15
September 2009 and the Increased Offer, will be available for
inspection at the offices of Matheson Ormsby Prentice, 70 Sir John
Rogerson's Quay, Dublin 2 during normal business hours on any weekday
(Saturday, Sunday and public holidays excepted) whilst the Increased
Offer remains open for acceptance.
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