LBR Libertas Cap

RNS Number:3926U
Libertas Capital Group PLC
21 November 2005

For immediate release
21st November 2005



                           LIBERTAS CAPITAL GROUP plc

ADVISES ASPEN CLEAN FUELS LIMITED ON ITS REVERSE TAKEOVER BY SHIELD CAPITAL plc



Libertas Capital Group plc (AIM: LBR) ("Libertas Capital" or "the Company"), the
financial services firm, is pleased to announce that Aspen Clean Fuels Limited
("ACF"), a company 37.7% owned by its wholly owned subsidiary Libertas Capital
Ventures Limited ("LCV"), has formally agreed terms for a reverse takeover by
Shield Capital plc, to be renamed Aspen Clean Energy plc ("Shield"). Libertas
Capital acted as financial adviser to ACF.



ACF was established in May 2005 to acquire the entire issued share capital of
Aspen Invest AB ("Aspen"), a market leader for alkylate fuel, an
environmentally-adapted fuel for use in small, motorised tools such as
chainsaws, lawnmowers and other two-stroke and four-stroke engines. Aspen is
based in Sweden and has sales into some 13 European markets.



ACF has been acquired by Shield in a share for share exchange for a
consideration of #14.31 million to be satisfied by the issue of 143,100,000
Consideration Shares at 10p per share. The acquisition is classified as a
reverse takeover under the AIM rules and is subject, inter alia, to shareholder
approval at an Extraordinary General Meeting. It is expected that dealings on
AIM in Shield's shares will commence on or around 15th December 2005.



On Admission, Shield's enlarged issued share capital will comprise 169,450,000
ordinary shares; at the same time Shield will change its name to Aspen Clean
Energy plc in order to reflect its new activities. A consequence of the
acquisition is that Libertas Capital will own 54 million shares (31.9%) of the
enlarged issued share capital of Shield.



Commenting on the announcement, Jakob Kinde, Executive Chairman of Libertas
Capital, said: "We are delighted to have completed this important transaction
following an innovative recapitalisation of Aspen and look forward to Aspen
Clean Energy Group developing further in this exciting clean fuel market. This
further demonstrates our strength in environmental sciences".



For further information please contact:

Libertas Capital Group plc                             + 44(0)20 7569 9650

Jakob Kinde, Executive Chairman
Henry Okereke, Chief Executive

Grant Thornton                                          +44(0)20 7383 5100
Graeme Thom/ Fiona Reid

Buchanan Communications                                 +44(0)20 7466 5000
Charles Ryland /Mary-Jane Johnson





Notes to Editors



About Libertas Capital Group plc





Libertas Capital is a UK-based financial services firm offering its clients a
full range of dedicated independent Corporate Finance Advisory, Research and
Distribution services.



Corporate Finance services include advice on M&A, public and private fund
raising, private equity encompassing development capital, MBOs and MBIs,
valuation and exit strategy. In the Securities business Libertas Capital offers
research to corporate and institutional clients, via Equity Growth Research and
Libertas Capital Research, over a global distribution network. Libertas Capital
is focused on the small to mid cap market in the UK, Northern Europe, the Nordic
region and the US, where the Group has gained widespread experience and
developed strong relationships.



Libertas Capital concentrates primarily on growth companies across a number of
industry sectors with a particular focus on environmental sciences, technology
(software and business services) and medical technology.




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

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