CWP Clipper Reg S

RNS Number:8339T
Clipper Windpower PLC
06 May 2008



Clipper Windpower PLC

6 May 2008





London, (UK), Carpinteria, CA (USA) - 6 May 2008 - Clipper Windpower Plc
("Clipper"), a rapidly growing manufacturer of advanced wind turbines and
developer of wind energy projects is issuing this update following the results
of the General Meeting of Clipper held earlier today.



Further to the press release issued on 9 April 2008, Clipper is pleased to
announce that, at its General Meeting held earlier today, the ordinary and
special resolutions proposed to shareholders (as set out in its circular to
shareholders dated 10 April 2008) were duly passed.



Clipper will therefore issue 15,842,036 ordinary shares of 10 pence each in
Clipper at a price of 480 pence per share raising gross proceeds of #76,041,772
(US$ 150 million), representing approximately 12.3 per cent of the enlarged
issued share capital of Clipper. The share issuance is conditional upon
admission of the application to trading on the Alternative Investment Market of
the London Stock Exchange on 7 May 2008. In addition, Clipper will grant One
Equity Partners (OEP) a five year option to subscribe for up to 2,914,850 shares
at an exercise price equal to 537.5p per share.



In accordance with the subscription agreement and with effect from admission,
Dr. Joseph G. Michels and Mr. Douglas A. Pertz from OEP will be appointed
directors.



Dr. Michels is a Managing Director of OEP.  Prior to joining OEP in 2007, he was
the Director for Research Initiatives and a lecturer at Princeton University.
Formerly he was a Congressional science fellow with Senator Joseph Lieberman,
and served as science advisor for Senator Richard Lugar.  He is President of the
Society for Energy and Environmental Research, a nonprofit organization that
promotes renewable energy and is on the scientific advisory board of Applied
Semiconductor, Inc.



In the past, he also has served as a director of the Polaroid Corporation.



Dr. Michels, age 43, received a B.A. in Physics and English with honors from
LaSalle University and a Ph.D. in Condensed Matter Physics from Oxford
University.



Mr. Pertz is a Partner with OEP and became a member of the board of directors of
Nalco Holding Co. in 2004.  Mr. Pertz was Chairman and CEO of IMC Global, Inc.
until it merged to form The Mosaic Company.  Prior to joining IMC Global, Inc.
Mr. Pertz served as President and CEO and as a director of Culligan Water
Technologies, Inc.



He had previously served as a member of the board of directors of Compass
Minerals International Inc. and Bowater Incorporated.  He had also been Group
Executive and Corporate VP of the Danaher Corporation and has previously held
executive positions with Cummins Engine Company and Caterpillar, Inc.



Mr. Pertz, age 53, earned a B.S. in Mechanical Engineering from Purdue
University.



No further information in relation to either Dr. Michaels or Mr. Pertz is
required to be disclosed under paragraph 17 of the AIM Rules for Companies.



James GP Dehlsen, Clipper's Chairman and CEO said: "I am delighted that our
shareholders have approved the One Equity transaction which gives us the strong
balance sheet we need to continue on our current growth trajectory and brings
new strengths to our management team. We welcome Joe Michels and Doug Pertz to
our board of directors and look forward to working with them going forward."





For further information please contact:



Isabel Lutgendorf



Investor Relations Director



+44 (0)20 7820 1078


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

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