3 May 2012 10:32
ECOFIN WATER & POWER OPPORTUNITIES PLC
Notice to holders of Subscription Shares of the
FINAL SUBSCRIPTION OPPORTUNITY
Ecofin Water & Power Opportunities plc (the "Company") notifies holders of the Company's Subscription Shares that the final period during which they are entitled to subscribe for Ordinary Shares is the twenty-eight days ending on 31 May 2012 (the "Final Subscription Date") in accordance with the terms of issue of the Subscription Shares which were set out in the circular to shareholders dated 6 April 2009.
The subscription price for exercise of subscription rights at this Final Subscription Date is 183.0p per Ordinary share. However, based on information taken from the London Stock Exchange website, Ordinary shares were trading at 121.8p in the open market at 1 May 2012. As a consequence, in current market conditions, Ordinary Shares of the Company can be bought at lower cost in the open market (eg through a stockbroker or bank) than by exercising Subscription Shares.
Subscription in Certificated form
Holders of Subscription Shares in certificated form should refer to the instructions on the reverse of their Subscription Share Certificate(s). Shareholders must lodge the relevant Subscription Share Certificate(s) and appropriate subscription monies with the Company's Registrar: Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU during the period of 28 days ending at 5.00 pm on 31 May 2012. Ordinary Shares arising from subscription will be allotted within 14 days from the Final Subscription Date.
Subscription through CREST
CREST Members should refer to the CREST Manual for information on the CREST procedures and authentication required to effect subscription. CREST Sponsored Members should refer to their CREST Sponsor for information on the action they need to take to effect subscription.
The prescribed form of Un-certificated Subscription Notice is an Unmatched Stock Event ("USE") instruction which, on settlement, will have the effect of crediting a stock account of the Registrar under the details specified below.
The USE instruction must be properly authenticated in accordance with CRESTCo's specifications and must contain the following details in addition to any other information required:
a) the number of Subscription Shares to be subscribed for Ordinary Shares
b) the participant ID of the Subscription Share holder
c) the member account ID of the Subscription Share holder
d) the Registrar's participant ID: This is: RA06
e) the Registrar's member account ID: This is: EWPOSUB
f) the corporate action number, which will be allocated by CRESTCo and can be found by viewing the relevant corporate action details in CREST
g) the corporate action ISIN: This is GB00B3SR5H59
h) the intended settlement date: This will be 31 May 2012
The USE (Unmatched Stock Event) instruction should be input to settle by no later than 5.00 pm on the Final Subscription Date (31 May 2012) in order to receive new Ordinary Shares arising from subscription within 14 days thereafter.
Notes:
Ordinary Shares arising on subscription will be sent in certificated form where Subscription Shares are held in certificated form, and in un-certificated form where the Subscription Shares are held in un-certificated form.
Certificates for Ordinary Shares, and certificates for the balance of any Subscription Shares not subscribed, will be despatched to holder(s) in accordance with their instructions not later than 14 days after the Conversion Date.
The Registrar will instruct CRESTCo to credit the Participant ID and Member ID Account as specified in validly received Subscription Notices with the number of Ordinary Shares arising on subscription, and the balance of any Subscription Shares not subscribed, by no later than the date upon which dealings in the new Ordinary Shares are due to commence, which will be within 14 days from the relevant Subscription Date.
By order of the Board
Phoenix Administration Services Limited - Company Secretary
3 May 2012
Enquiries:
John Murray, Ecofin Limited
020 7451 2929
Duncan Hayes, Phoenix Administration Services Limited
01245 398950