Potential Investment In Clipper
September 30 2009 - 2:02AM
UK Regulatory
TIDMCWP
RNS Number : 9240Z
Clipper Windpower Plc
30 September 2009
Potential Investment in Clipper Windpower Plc
London (UK), Carpinteria, CA (USA) - September 30, 2009.The Directors of Clipper
Windpower Plc ("Clipper" or "the Company") announced that the Company, as a
result of a comprehensive capital raising process, has initiated discussions and
received approaches from a number of parties comprising both industrial
multinationals and financial investors that could lead to a significant
investment in the Company. Subject to the size and structure of any transaction,
it is expected that Clipper's new partner could range from owning a substantial
minority position, investing at or around the current market price, to acquiring
all of Clipper's outstanding share capital. These competitive discussions are at
an advanced stage and it is anticipated that an investment could be announced
and completed before the Company's financial year end. Any investment would be
subject to shareholder approval. Despite the current advanced status of the
discussions, there can be no certainty as to terms or structure, or that an
investment will happen.
"Clipper represents an attractive opportunity for a number of potential
partners. We believe that the potential partners offer synergies and the
appropriate support to enhance Clipper's position as it seeks to capture the
substantial opportunities available through the anticipated growth in the
U.S. and offshore wind markets over the coming years," commented Doug Pertz,
President and Chief Executive Officer.
Clipper is being advised by Goldman, Sachs & Co. and JPMorgan Cazenove.
For further information, please contact:
Investors:
Jenny Matthews
Investor Relations Director
+44 (0)20 7820 1078
jmatthews@clipperwind.com
Goldman, Sachs & Co.
Brian W. Bolster
Managing Director
+1 212 902 2649
JPMorgan Cazenove (Nominated Adviser and Corporate Broker to Clipper)
Patrick Magee
+44 (0)207 588 2828
Financial Press:
Patrick d'Ancona / Charlotte Kirkham
M: Communications
+44 (0)20 7920 2347 / 2331
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCWUUPWBUPBUGU
Clipper Windpower (LSE:CWP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Clipper Windpower (LSE:CWP)
Historical Stock Chart
From Jul 2023 to Jul 2024