LEAF Leaf Clean Energy Company

 

TIDMLEAF 
 
RNS Number : 1812F 
Leaf Clean Energy Company 
07 January 2010 
 
 The following replaces the Transaction in Own Shares and Rule 2.10 announcement 
released on 7th January 2010 at 7am under RNS number 1533F. Change in contact 
phone number for Cenkos. All other content remains the same. 
Leaf Clean Energy Company 
("Leaf" or the "Company") 
 
 
Transaction in Own Shares and announcement under Rule 2.10 of the Takeover Code 
 
 
The Company announces that on 6 January 2010 it purchased for cancellation 
100,000 ordinary shares at 70 pence per share. 
 
 
Rule 2.10 Disclosure 
Following the above purchase, the Company announces that it has now 183,533,773 
ordinary shares of 0.01pence in issue. Leaf's ordinary shares are traded on AIM, 
a market of London Stock Exchange plc, with ISIN No KYG541351014. 
 
 
The above figure 183,533,773 may also be used by shareholders as the denominator 
for the calculations by which they will determine if they are required to notify 
their interest in, or a change to their interest in, Leaf Clean Energy Company 
under the FSA's Disclosure and Transparency Rules. 
 
 
Impact on FAV calculation as set out in the announcement under Rule 2.5 of the 
Takeover Code 
 
 
The reduction in the number of shares and cash following the buyback will have 
an effect on the estimated FAV ratio of share consideration for Trading 
Emissions shareholders as announced on 17 December 2009 in the 2.5 announcement. 
 If all the other constituent elements as set out in the appendix to the 2.5 
announcement remain constant, ie only the number of shares and level of cash 
have changed, and this buyback had been conducted before that 2.5 announcement 
then this purchase of shares would have resulted in a reduction in the 
illustrative FAV of 0.03 pence, from 98.39 pence per Leaf share to 98.42 
pence per Leaf share. 
 
 
On this basis a Trading Emissions shareholder would have been entitled to 1.6419 
Leaf shares for each Trading Emissions share they own compared with the 
illustrative 1.6424 ratio announced. The final ratio will be determined at the 
Calculation Date as set out in the 2.5 announcement.  The Closing Price of a 
Leaf Clean Share on 16 December 2009 immediately prior to the 2.5 announcement 
was 77.5 pence, therefore the implied offer price for each Trading Emissions 
Share on 16 December 2009 would have remained as 127.25 pence post the impact of 
the buyback compared to the 127.3 pence disclosed in the 2.5 announcement. 
 
 
All definitions are the same as those set out in the 2.5 announcement released 
on 17 December 2009. 
 
 
For further enquiries, please contact: 
EHM International Limited 
Tel: 0871-662-9629 
 
 
Ivonne Cantu /Liz Bowman 
Cenkos Securities plc 
Tel: 020 7397 8928 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 POSBRMMTMBAMBIM 
 

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