News
AgCert™ Intl PLC - Holding(s) in Company
Dublin, Ireland - 09 February 2007 Friday 10:00 AM GMT
RNS Number:9990Q
AgCert™ International PLC
09 February 2007
AgCert™ International Plc announces that it has received notification from XL TechGroup Inc that it has transferred ownership of 1,517,979 shares in AgCert to Laurus Master Fund Ltd ('Laurus'). This is in keeping with the terms of previously announced financing deals and these shares are subject to the same terms of the lock-in entered into between XL TechGroup and AgCert™ on 3 June 2005.
XL TechGroup remains the beneficial owner of 39,220,965 AgCert shares, which represent 23.2% of AgCert's issued share capital.
The shares of AgCert™ International plc (the 'Shares') have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act'). The Shares may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons as such term is defined in Regulation S under the Securities Act except (1) in a transaction meeting the requirements of Regulation S under the Securities Act, (2) pursuant to an effective registration statement under the Securities Act, or (3) pursuant to an available exemption from the registration requirements of the Securities Act, in each case in accordance with all applicable securities laws, including applicable state securities laws of the United States.
ENQUIRIES:
| AgCert International | |
| Bill Haskell, CEO, AgCert International | + 353 1 245 7400 |
| Paul D'Alton, CFO, AgCert International | + 353 1 245 7400 |
| College Hill | |
| Mark Garraway/Anthony Parker | +44 (0)207 4572020 |
About AgCert ™
AgCert ™ International plc was founded in 2002 to produce and sell reductions in greenhouse gas emissions (referred to as "offsets") from agricultural sources on an industrial scale. These offsets are intended to satisfy the requirements of the Kyoto Protocol and be capable of being traded on the European cap and trade system, the European Union Emissions Trading Scheme ("EU-ETS").
AgCert ™ has identified agriculture as one of the largest commercial opportunities for Offset production and expects to be a leading supplier of offsets from this sector. Agriculture is responsible for around 20 per cent of the world's annual greenhouse gas emissions. Under the Kyoto Protocol, any reductions in greenhouse gas emissions derived from this sector qualify as CERs provided they are derived from projects that have been validated by a DOE and Registered by the UN Executive Board and are properly verified and certified according to the stringent requirements laid down by the UN.
The Group's strategy is to expand rapidly its offset production and resultant sales capacity by commencing the modification of Animal Waste Management Systems ('AWMS') on farms where it has already entered into arrangements with farmers and by rolling out its turnkey AWMS modification methods both geographically and across additional livestock species beyond its current focus on swine through the entry into contracts with additional farms.
More information about AgCert ™'s greenhouse gas reduction projects can be found at www.agcert.com.
The shares of AgCert ™ International plc (the “Shares”) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act"). The Shares may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons as such term is defined in Regulation S under the Securities Act except (1) in a transaction meeting the requirements of Regulation S under the Securities Act, (2) pursuant to an effective registration statement under the Securities Act, or (3) pursuant to an available exemption from the registration requirements of the Securities Act, in each case in accordance with all applicable securities laws, including applicable state securities laws of the United States.