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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Leaf Clean Energy Company | LSE:LEAF | London | Ordinary Share | KYG541351352 | ORD 0.01P (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 454.00 | 390.00 | 400.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLEAF TIDMTRE RNS Number : 0167G AIM 22 January 2010 +--------------------------------------+---------------------------------------------------------------------------+----+ | ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE | | WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") | +-----------------------------------------------------------------------------------------------------------------------+ | | +-----------------------------------------------------------------------------------------------------------------------+ | COMPANY NAME: | +-----------------------------------------------------------------------------------------------------------------------+ | Leaf Clean Energy Company ("Leaf Clean" or the "Company") | +-----------------------------------------------------------------------------------------------------------------------+ | COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS | | (INCLUDING POSTCODES) : | +-----------------------------------------------------------------------------------------------------------------------+ | c/o Maples Corporate Services Limited | | PO Box 309 | | Ugland House | | Grand Cayman KY1-1104 | | Cayman Islands | | | +-----------------------------------------------------------------------------------------------------------------------+ | COUNTRY OF INCORPORATION: | +-----------------------------------------------------------------------------------------------------------------------+ | Cayman Islands | | | +-----------------------------------------------------------------------------------------------------------------------+ | COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: | +-----------------------------------------------------------------------------------------------------------------------+ | www.leafcleanenergy.com | | | +-----------------------------------------------------------------------------------------------------------------------+ | COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN | | INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT | | AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: | +-----------------------------------------------------------------------------------------------------------------------+ | Leaf Clean is a closed-end investment company established to invest in clean | | energy companies and projects primarily in North America. Following the merger | | with Trading Emissions plc ("Trading Emissions") the Company will have a | | balanced portfolio of carbon credits and renewable energy assets in the US, | | Asia, Africa and Latin America. | | Admission is being sought as a result of the merger with Trading Emissions plc | | announced on 17 December 2009 (the "Merger") which, due to its size, constitutes | | a reverse takeover of Leaf Clean under the AIM Rules. | | Investing Policy: | | Leaf Clean's objective shall be to make capital and income returns from | | investment in renewable/clean energy technology and projects, emission reduction | | credits and related projects or businesses. | | Investments may be made by Leaf Clean in businesses and projects that have the | | potential to promote sustainable development objectives in sectors such as clean | | energy production, energy efficiency and other greenhouse gas emissions | | abatement activities, including waste management, biofuels and forestry. | | Investments shall be global, initially focused on the United States, China, | | South East Asia and Latin America but extending into Europe and other regions | | when suitable opportunities arise. Assets may include listed and private equity, | | venture capital, debt and tradable emission credits. | | The stage of investment may vary, for example from early stage project | | development finance and construction equity through to the acquisition of | | privately-held clean energy infrastructure projects which are operational. | | Leaf Clean shall be vertically integrated, being involved throughout the supply | | chain, investing in activities ranging from technology development and | | commercialisation through to portfolio-based project implementation and | | operation. | | Investments may be actively or passively managed. The length of time that | | investments are held will vary depending on the type of investment and may range | | from very short term to a duration of several years. | | Leaf Clean will seek to diversify its investments and it is expected that no | | single investment will at the time of investment represent more than 20 per | | cent. of Leaf Clean's gross assets. | | Exit from investments may be organised in any way considered appropriate | | including through trade sale or initial public offering. Emission reduction | | credits may also be commercialised through an exchange or privately traded where | | a premium to exchange prices may be achieved. | | There are no specific restrictions on Leaf Clean's borrowings. The use of | | borrowings will be in the Directors' absolute discretion. | | Any material change to Leaf Clean's investment policy will be made only with the | | approval of shareholders by way of an ordinary resolution. | | | +-----------------------------------------------------------------------------------------------------------------------+ | DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER | | OF THE SECURITIES (i.e. where known, number and type of shares, nominal value | | and issue price to which it seeks admission and the number and type to be held | | as treasury shares): | +-----------------------------------------------------------------------------------------------------------------------+ | Ordinary shares of GBP0.0001 each ("Shares"). | | The final number of Shares to be admitted to trading will be determined based on | | the relative formula asset values of Leaf Clean and Trading Emissions, | | calculated as described in the announcement released on 17 December 2009 in | | accordance with Rule 2.5 of the City Code on Takeovers and Mergers. | | The estimated number of Shares to be admitted to trading based on the | | illustrative respective formula asset values of Leaf Clean and Trading Emissions | | as at 7 January 2010 (being the estimate used in the Admission Document | | published by Leaf Clean in connection with the Merger) is 564,635,222. The date | | on which the final respective formula asset values of Leaf Clean and Trading | | Emissions will be calculated will be the date 7 days prior to the date on which | | the Court sanctions the scheme of arrangement to effect the Merger (or, if not a | | business day, the next business day) (the "Calculation Date"), and is currently | | expected to be 15 February 2010. The actual number of Shares to be admitted to | | trading will be notified to AIM and the market on or as soon as practicable | | after such calculation date. | | The Directors may refuse to register a transfer of a Share if it is in favour of | | a "benefit plan investor" or a resident of the United States or a resident of | | any other jurisdiction in which statute or regulation places restrictions on | | transferability. | | | +-----------------------------------------------------------------------------------------------------------------------+ | CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET | | CAPITALISATION ON ADMISSION: | +-----------------------------------------------------------------------------------------------------------------------+ | None | | Assuming (a) a price per Share of 65 (being the price per Share as at 21 January | | 2010, the latest practicable date prior to the date of this announcement) and | | (b) that the total number of Shares admitted to trading will be 564,635,222, the | | market capitalisation of Leaf Clean immediately following the Merger would be | | GBP367,012,894. | | | +-----------------------------------------------------------------------------------------------------------------------+ | PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: | +-----------------------------------------------------------------------------------------------------------------------+ | The percentage of Shares not in public hands at Admission will depend on the | | relative formula asset values of Leaf Clean and Trading Emissions as at the | | Calculation Date. Based on the illustrative respective formula asset values of | | Leaf Clean and Trading Emissions as at 7 January 2010 and the resulting | | estimated number of Shares to be issued in connection with the Merger, the | | percentage of Shares not in public hands as at Admission would be approximately | | 48.95% | | | +-----------------------------------------------------------------------------------------------------------------------+ | DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS | | APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) | | ADMITTED OR TRADED: | +-----------------------------------------------------------------------------------------------------------------------+ | The Shares are also traded on Frankfurt Xetra | | | +-----------------------------------------------------------------------------------------------------------------------+ | FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the | | first name by which each is known or including any other name by which each is | | known): | +-----------------------------------------------------------------------------------------------------------------------+ | Existing Directors of Leaf Clean | | Peter Tom* | | Bran Keogh | | James Curtis Moffatt | | Peter O'Keefe* | | Proposed Directors | | Neil David Eckert | | Malcolm John Gillies | | Bertrand Rassool | | Nigel Harley Wood | | Charles Peter Arthur Vanderpump | | *Peter Tom and Peter O'Keefe will retire following completion of the Merger | | | +-----------------------------------------------------------------------------------------------------------------------+ | FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF | | THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name | | by which each is known or including any other name by which each is known): | +-----------------------------------------------------------------------------------------------------------------------+ | Prior to admission | Percentage interest | | Shareholder | | +--------------------------------------+---------------------------------------------------------------------------+ | Invesco Asset Management Limited | 32.39 | +--------------------------------------+---------------------------------------------------------------------------+ | Lansdowne Partners Limited | 10.70 | +--------------------------------------+---------------------------------------------------------------------------+ | AEGON Asset Management UK plc | 10.49 | +--------------------------------------+---------------------------------------------------------------------------+ | Stark Investments (UK) Limited | 6.86 | +--------------------------------------+---------------------------------------------------------------------------+ | F&C Asset Management plc | 5.63 | +--------------------------------------+---------------------------------------------------------------------------+ | Jupiter Asset Management Limited | 5.49 | +--------------------------------------+---------------------------------------------------------------------------+ | Aviva Investors Global Services | 5.39 | | Limited | | +--------------------------------------+---------------------------------------------------------------------------+ | UBS Global Asset Management (UK) | 5.30 | | Limited | | +--------------------------------------+---------------------------------------------------------------------------+ | Moore Capital Management Inc | 3.30 | +--------------------------------------+---------------------------------------------------------------------------+ | JP Morgan Asset Management UK | 3.29 | | Limited | | +--------------------------------------+---------------------------------------------------------------------------+ | Artemis Investment Management | 3.23 | | Limited | | +--------------------------------------+---------------------------------------------------------------------------+ | | | +--------------------------------------+---------------------------------------------------------------------------+ | Post Admission* | | +--------------------------------------+---------------------------------------------------------------------------+ | Invesco Asset Management Limited | 32.52 | +--------------------------------------+---------------------------------------------------------------------------+ | Moore Capital Management Inc | 11.91 | +--------------------------------------+---------------------------------------------------------------------------+ | Jupiter Asset Management | 5.84 | +--------------------------------------+---------------------------------------------------------------------------+ | Scottish Widows Investment | 4.48 | | Partnership Ltd | | +--------------------------------------+---------------------------------------------------------------------------+ | F&C Asset Management plc | 4.76 | +--------------------------------------+---------------------------------------------------------------------------+ | Aviva Investors Global Services | 4.15 | | Limited | | +--------------------------------------+---------------------------------------------------------------------------+ | Lansdowne Partners Limited | 3.45 | +--------------------------------------+---------------------------------------------------------------------------+ | AEGON Asset Management UK plc | 3.38 | +--------------------------------------+---------------------------------------------------------------------------+ | | | | | | | | | | | | | | | | | | +--------------------------------------+---------------------------------------------------------------------------+ | *Post Admission shareholdings are based on the estimated number of Shares | | which will be in issue following the Merger based on the illustrative | | respective formula asset values of Leaf Clean and Trading Emissions as at 7 | | January 2010, as described above. | | | +------------------------------------------------------------------------------------------------------------------+ | NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH | | (H) OF THE AIM RULES: | +-----------------------------------------------------------------------------------------------------------------------+ | N/A | +-----------------------------------------------------------------------------------------------------------------------+ | * ANTICIPATED ACCOUNTING REFERENCE DATE * | | DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN | | PREPARED (this may be represented by unaudited interim financial information)* | | DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 | | AND 19: | +-----------------------------------------------------------------------------------------------------------------------+ | * 30th June* | | 30th June 2009* | | 31st March 2010, 31st December 2010, 31st March 2011 | | | +-----------------------------------------------------------------------------------------------------------------------+ | EXPECTED ADMISSION DATE: | +-----------------------------------------------------------------------------------------------------------------------+ | 23 February 2010 | | | +-----------------------------------------------------------------------------------------------------------------------+ | NAME AND ADDRESS OF NOMINATED ADVISER: | +-----------------------------------------------------------------------------------------------------------------------+ | Cenkos Securities plc | | 6.7.8 Tokenhouse Yard | | London EC2R 7AS | | | +-----------------------------------------------------------------------------------------------------------------------+ | NAME AND ADDRESS OF BROKER: | +-----------------------------------------------------------------------------------------------------------------------+ | Cenkos Securities plc | | 6.7.8 Tokenhouse Yard | | London EC2R 7AS | | | +-----------------------------------------------------------------------------------------------------------------------+ | OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR | | INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A | | STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE | | ADMISSION OF ITS SECURITIES: | +-----------------------------------------------------------------------------------------------------------------------+ | The admission document will be available on the following website | | www.leafcleanenergy.com | | | +-----------------------------------------------------------------------------------------------------------------------+ | DATE OF NOTIFICATION: | +-----------------------------------------------------------------------------------------------------------------------+ | 22 January 2010 | | | +-----------------------------------------------------------------------------------------------------------------------+ | NEW/ UPDATE: | +-----------------------------------------------------------------------------------------------------------------------+ | New | | | +--------------------------------------+---------------------------------------------------------------------------+----+ This information is provided by RNS The company news service from the London Stock Exchange END PAABUGDBISDBGGD
1 Year Leaf Clean Energy Chart |
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