CWP Clipper Reg S

 

TIDMCWP 
 
RNS Number : 3754F 
Clipper Windpower Plc 
11 January 2010 
 

Clipper Windpower Plc - Director Dealings 
Clipper Windpower Plc ("Clipper" or the "Company") announces that it has been 
informed that parties connected with James GP Dehlsen and James Brenton Dehlsen 
("Dehlsen Family Interests") and OEP Wind Holdings L.P.  ("OEP") have tendered 
conditional acceptances for the partial cash offer announced by United 
Technologies Corporation ("UTC") on 10 December 2009  (the "Partial Cash 
Offer"). 
These acceptances are irrevocable agreements but are subject to scale back under 
the terms of the Partial Cash Offer.  The acceptances relate to 8,066,911 of the 
22,410,135 shares held by Dehlsen Family Interests and to 11,881,527 
of 15,842,036  shares held by OEP Wind Holdings L.P. 
As previously disclosed, both parties (along with three other major 
shareholders), entered into agreements providing UTC a call option on a 
proportion of their shares in the event the Partial Cash Offer was not fully 
subscribed. 
Upon admission of the new Clipper shares issued to UTC, OEP's Board 
Representatives will be resigning as directors effective as of the Admission 
date. 
Given the potential for scaling back of acceptances it is not possible to say 
what proportion of these shares will be acquired under the Partial Cash Offer 
and hence what the resulting holding of these entities will be. 
The purchase price for the shares, to the extent that they are acquired pursuant 
to the Partial Cash Offer, will be GBP1.80 per share. 
Further announcements about the outcome of the Partial Cash Offer and the impact 
of these acceptances on the resultant holdings of the relevant parties will be 
made in due course. 
 
 
Contacts 
 
 
Investors: 
Clipper Windpower Plc 
Jenny Matthews 
Investor Relations 
Tel: +44 207 840 9581 
 
 
J.P. Morgan Cazenove (Nominated Adviser and Corporate Broker to Clipper) 
Patrick Magee 
Alex Yule-Smith 
Tel: +44 (0)20 7588 2828 
 
 
Financial Press: 
M:Communications 
Patrick d'Ancona / Charlotte Kirkham 
Tel: +44 (0)20 7920 2331 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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