Statement re SGS temporary suspension as a DOE
(Thomson Reuters ONE) - PRESS RELEASEEcoSecurities: Statement re SGS temporary suspension as a DOEDublin, 14 September 2009: EcoSecurities Group Plc ("EcoSecurities"),a leading organisation in the business of sourcing, developing andtrading carbon credits from greenhouse gas emissions projects, hasnoted the temporary suspension of SGS United Kingdom Ltd's ("SGS")accreditation for validations and verification of Clean DevelopmentMechanism ("CDM") projects by the CDM Executive Board at EB 49 on11 September 2009.SGS are one of a number of the Designated Operational Entities("DOE") used by EcoSecurities to validate and verify registrationsand issuances from its portfolio of CDM projects. EcoSecurities hasappointed SGS as DOE in respect of:* 7 projects which are currently being verified comprising approximately 370,000 CERs; and* 7 projects which are currently being validated comprising approximately 2.5 million CERs in the net pre-2012 portfolio.Bruce Usher, CEO, EcoSecurities stated: "While this situation isunfortunate for the CDM, the effect on EcoSecurities is not expectedto be significant due to the small number of projects and the relatedportfolio CERs that SGS is working on for EcoSecurities. The board ofEcoSecurities is confident that the Company will manage the impact ofSGS's temporary suspension." -Ends-EnquiriesFor further information please contact:EcoSecurities Group plcJames Thompson, CFO +353 1 613 9814Adrian Fernando, COO +353 1 613 9814Citigate Dewe RogersonKevin Smith +44 (0) 20 7282 1054Ged Brumby +44 (0) 20 7282 2996RBS Hoare Govett LimitedJustin Jones +44 (0) 20 7678 8000Hugo Fisher +44 (0) 20 7678 8000Director's Responsibility StatementsThe directors of EcoSecurities accept responsibility for theinformation contained in this announcement. To the best of theknowledge and belief of the directors of EcoSecurities (who havetaken all reasonable care to ensure that such is the case), theinformation contained in this announcement is in accordance with thefacts and does not omit anything likely to affect the import of suchinformation.Financial AdvisersRBS Hoare Govett Limited, which is authorised and regulated in theUnited Kingdom by the Financial Services Authority, is actingexclusively for EcoSecurities and no one else in connection with thismatter and will not be responsible to anyone other than EcoSecuritiesfor providing the protections afforded to clients of RBS Hoare GovettLimited nor for providing advice in relation to this matter, thecontent of this announcement or any matter referred to herein.Rule 8.3 - Dealing Disclosure RequirementsUnder the provisions of Rule 8.3 of the Irish Takeover Panel Act1997, Takeover Rules, 2007 and 2008 (the "Takeover Rules"), if anyperson (other than a "recognised intermediary") is or becomes"interested" (directly or indirectly) in 1 per cent. or more of anyclass of "relevant securities" of EcoSecurities, all "dealings" inany "relevant securities" of EcoSecurities (including by means of anoption in respect of, or a derivative referenced to, any such classof "relevant securities") must be publicly disclosed in accordancewith Rule 2.9 of the Takeover Rules, including the details set out inRule 8.6 of the Takeover Rules, by no later than 3.30pm (London time)on the London business day following the date of the relevanttransaction. This requirement will continue until the date on whichthe offer becomes, or is declared, unconditional as to acceptances,lapses or is otherwise withdrawn or on which the "offer period"otherwise ends. If two or more persons "act in concert", to acquirean "interest" in "relevant securities" of EcoSecurities, they will bedeemed to be a single person for the purpose of Rule 8.3.Under the provisions of Rule 8.1 of the Takeover Rules, all"dealings" in "relevant securities" of EcoSecurities by the offeroror EcoSecurities, or by any of their respective "associates", must bedisclosed by no later than 12.00 noon (London) on the London businessday 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 onthe Irish Takeover Panel's website at www.irishtakeoverpanel.ie. TheIrish Takeover Panel also provides an appropriate form for anydisclosures under Takeover Rules 8.1 or 8.3.'Interests in securities' arise, in summary, when a person has longeconomic exposure, whether conditional or absolute, to changes in theprice of securities. In particular, a person will be treatedas having an 'interest' by virtue of the ownership or control ofsecurities, or by virtue of any option in respect of, or derivativereferenced to, securities.Terms in quotation marks are defined in the Takeover Rules, which canalso be found on the Irish Takeover Panel's website. If you are inany doubt as to whether or not you are required to make a disclosureunder Rule 8, you should consult the Irish Takeover Panel.In addition to copies of the documents listed as available forinspection in EcoSecurities' response circular to the offer of 77pence per ordinary share made by Guanabara Holdings B.V.("Guanabara") dated 4 August 2009, a copy of this announcement willbe available for inspection at the offices of Matheson OrmsbyPrentice, 70 Sir John Rogerson's Quay, Dublin 2 during normalbusiness hours on any weekday (Saturday, Sunday and public holidaysexcepted) whilst the offer of 90 pence per ordinary share made byGuanabara on 4 September 2009 remains open for acceptance.---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 14.09.2009 - 09:10 Uhr
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