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TER Tersus Regs

0.55
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tersus Regs LSE:TER London Ordinary Share GB00B05LNF36 ORD 0.5P (REGS)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.55 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

New Financing

19/12/2007 1:23pm

UK Regulatory


RNS Number:2913K
Tersus Energy Plc
19 December 2007


                               Tersus Energy plc
                          ("Tersus" or the "Company")

Tersus Energy plc (Tersus), the AIM traded clean energy company, today announces
that loan terms have been agreed with Bronstadet AB, a company controlled by
Peter Gylenhammar, which owns approximately 18.4 per cent. of Tersus' ordinary
share capital. The terms of the loan are as follows:


   *Amount of loan: £500,000.00.


   *Repayable: In 15 months from drawdown. May be repaid early.


   *Interest: 9.0 per cent. to be paid with capital on maturity.


   *Security: Floating charge over all the assets of the Company.


   *Warrants attached: 6.0 million warrants exercisable over 6.0 million
    ordinary shares at 1p each at any time within three years.


The Directors consider, having consulted with KBC Peel Hunt Ltd in its capacity
as the Company's Nominated Adviser, that the terms of this loan are fair and
reasonable insofar as the Company's shareholders are concerned.


Steve Levine, Chief Executive Officer, commented:


"The securing of further funding for Tersus should enable us to continue to
implement our strategy. We are continuing to explore a number of potential
future investments whilst working towards realising some value from our current
portfolio of investments."


Peter Gylenhammar commented:


"I have looked into the investments made by Tersus in recent years and although
some investments have taken longer than anticipated to develop, the overall
picture is that once the financing has been arranged, there is a good
opportunity for Tersus to rebuild shareholder value."


Details of the Company are available at www.tersusenergy.com.


Enquiries:


Tersus Energy plc
Steve Levine, Chief Executive Officer
David Wilson, Chief Operating Officer and Finance Director
Tel: 020 7408 5433


KBC Peel Hunt Ltd (Nominated Adviser and Broker)
David Anderson
Deon Veldtman
Tel: 020 7418 8900


Notes to Editors

About Tersus Energy Plc (www.tersusenergy.com)

Tersus Energy, which floated on AIM in February 2005, is building three
operating businesses focused upon what it believes are the most attractive and
significant areas of the renewable and alternative energy sector: Tersus Asian
Renewables, Tersus BioEnergy and Tersus Energy Controls:

   *Tersus Asian Renewables (TAR). Formed to exploit the demand for renewable
    energy in Asia, TAR is focusing on wind, biomass and clean coal, principally
    in China and India. It is acquiring interests in businesses well placed to
    benefit from growth in Asian renewable generation and developing, investing
    into and operating a portfolio of renewable energy assets with chosen joint
    venture partners.
   *Tersus BioEnergy (TBE). Formed to exploit the accelerating demand for
    alternative fuel based supplies of energy, TBE is focusing on biofuels
    (bioethanol and biodiesel) and electricity produced from forest,
    agricultural, municipal and industrial waste. It is developing, investing
    into and operating a portfolio of bioenergy assets with chosen joint venture
    partners.
   *Tersus Energy Controls (TEC). Formed to exploit the opportunity presented
    by the increasing focus on energy efficiency and management of electricity
    consumption, TEC is focused upon efficiency applications for mobile (e.g.
    hybrid and electric vehicles, automatic guided vehicles, fork lift trucks)
    and stationary (e.g. building controls, energy management information) end
    users. TEC intends to develop these opportunities through continuing organic
    growth and acquisition.

Tersus Energy also maintains a strategic and financial advisory service
business, primarily targeting established and emerging energy companies based
principally in Europe and North America.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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