Merger Update

 

TIDMTRE TIDMLEAF 
 
RNS Number : 0116H 
Trading Emissions PLC 
11 February 2010 
 

11 February 2010 
 
 
                             Trading Emissions plc 
 
                                  Merger update 
 
 
 
On 17th December 2009 the Boards of Trading Emissions plc and Leaf Clean Energy 
Company announced a recommended merger of the two companies. 
 
Included in this announcement were details of a letter of intent from Moore 
Capital Management L.P. ("Moore Capital") in which it stated that Moore Capital 
intended to support the merger and to vote, or to procure votes, in favour of 
resolutions to be considered at the forthcoming EGMs on 19th February in respect 
of its holdings in Trading Emissions and Leaf Clean. 
 
 The Boards of Trading Emissions and Leaf Clean have been informed that it 
is Moore Capital's current intention not to vote in favour of the Merger. 
 
According to subsequent disclosures under Rule 8.3 of the Takeover Code, Moore 
Capital currently holds 41,276,623 ordinary shares in Trading Emissions 
(representing approximately 16.0 per cent of the voting rights of Trading 
Emissions) and 6,008,000 ordinary shares in Leaf Clean (representing 
approximately 3.3 per cent. of the voting rights of Leaf Clean). 
 
 
 
                                    --ENDS-- 
 
 
 
For further enquiries, please contact: 
 
Trading Emissions PLC (via Haggie Financial PR) 
Neil Eckert 
Malcolm Gillies 
 
 
Liberum Capital Limited (nominated adviser and Rule 3 adviser to Trading 
Emissions) 
Steve Pearce 
Tom Fyson 
[phone] 
 
 
Leaf Clean Energy 
Bran Keogh (via Cenkos) 
 
 
Cenkos Securities plc (nominated adviser to Leaf Clean) 
Ivonne Cantu/Liz Bowman 
[phone] 
 
 
Haggie Financial PR (PR adviser to Trading Emissions) 
 
Peter Rigby 
Alexandra Parry 
[phone] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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