25th Feb 2008 07:05
EcoSecurities Group plc25 February 2008 ECOSECURITIES GROUP PLC COMPLETION OF EMISSION REDUCTION PURCHASES WITH CREDIT SUISSE Dublin, Ireland - EcoSecurities Group plc ("EcoSecurities"), a leading companyin the business of sourcing, developing and trading carbon credits, and CreditSuisse, one of the world's leading banks, are pleased to announce the signatureof four emission reduction purchase agreements with a large operator of windpower facilities in China, for the development and purchase of 1.6 million CleanDevelopment Mechanism ("CDM") Certified Emission Reductions ("CERs") through to2012. These are the first transactions under the previously announced €1billion carbon purchase facility agreed between EcoSecurities and Credit Suissefor the origination of emission reduction projects on a worldwide basis. Following the completion of a structured sale of over 5 million CERs, announcedin December 2007, the execution of these emission reduction purchase agreementsis the latest example of the developing strategic relationship betweenEcoSecurities and Credit Suisse established in mid 2007. Bruce Usher, CEO of EcoSecurities, commented "We are excited about this expandedcollaboration with Credit Suisse. We look forward to co-originating furthertransactions into this new purchasing facility in 2008". As previously stated the preliminary announcement of EcoSecurities results forthe year ended 31 December 2007 will be made on 13 March 2008. - Ends - Enquiries: Citigate Dewe Rogerson 020 7638 9571 Kevin Smith / Ged Brumby Editor's Notes: About EcoSecurities: EcoSecurities is one of the world's leading companies in the business ofsourcing, developing and trading carbon credits. EcoSecurities structures andguides greenhouse gas emission reduction projects through the Kyoto Protocol,working with both project developers and buyers of carbon credits. EcoSecurities works with companies in developing and industrialising countriesto create carbon credits from projects that reduce emissions of greenhousegases. EcoSecurities has experience with projects in the areas of renewableenergy, agriculture and urban waste management, industrial efficiency, andforestry. With a network of offices and representatives in over 25 countries onfive continents, EcoSecurities has amassed one of the industry's largest andmost diversified portfolios of carbon projects. EcoSecurities also works with companies in the developed world to assist them inmeeting their greenhouse gas emission compliance targets. Utilising its highlydiversified carbon credit portfolio, EcoSecurities is able to structure carboncredit transactions to fit compliance and voluntary buyers' needs, and hasexecuted transactions with both private and public sector buyers in Europe,North America and Japan. Working at the forefront of carbon market development, EcoSecurities has beeninvolved in the development of many of the global carbon market's most importantmilestones, including developing the world's first CDM project to be registeredunder the Kyoto Protocol. EcoSecurities Global Consulting Services has been atthe forefront of all significant policy and scientific developments in thisfield. EcoSecurities has been voted 'Best Advisory Firm - Kyoto ProjectCredits' over the last seven years by reader surveys conducted by EnvironmentalFinance magazine. EcoSecurities Group plc is listed on the London Stock Exchange AIM (ticker ECO). Additional information is available at www.ecosecurities.com. Credit Suisse As one of the world's leading banks, Credit Suisse provides its clients withinvestment banking, private banking and asset management services worldwide.Credit Suisse offers advisory services, comprehensive solutions and innovativeproducts to companies, institutional clients and high-net-worth private clientsglobally, as well as retail clients in Switzerland. Credit Suisse is active inover 50 countries and employs approximately 47,000 people. Credit Suisse'sparent company, Credit Suisse Group, is a leading global financial servicescompany headquartered in Zurich. Credit Suisse Group's registered shares (CSGN)are listed in Switzerland and, in the form of American Depositary Shares (CS),in New York. Further information about Credit Suisse can be found atwww.credit-suisse.com. Investment Banking In its Investment Banking business, Credit Suisse offers securities products andfinancial advisory services to users and suppliers of capital around the world.Operating in 57 locations across 26 countries, Credit Suisse is active acrossthe full spectrum of financial services products including debt and equityunderwriting, sales and trading, mergers and acquisitions, investment research,and correspondent and prime brokerage services. This information is provided by RNS The company news service from the London Stock Exchange END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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