7th Dec 2006 07:03
Merrill Lynch International07 December 2006 Stabilisation notice Renewable Energy Generation Limited (the "Company") Admission (the "Placing") of 41,500,000 ordinary shares of 10p each of the Company (the "Ordinary Shares") at a price of 103 pence per Ordinary Share(with over-allotment arrangements in respect of up to 3,000,000 Ordinary Shares) Merrill Lynch International notifies you that it is the stabilising manager inrespect of the Placing announced on 7 December 2006 and may conduct stabilisingactivities in relation to the Ordinary Shares in connection with the abovetransaction in order to support the market price of the Ordinary Shares. Merrill Lynch International confirms the following: 1. The securities to be stabilised are the Ordinary Shares (ISIN: GB00B0717F94) referred to above. There are no associated instruments that are subject to stabilisation; 2. The stabilising manager is Merrill Lynch International (Contact: Mark Gwynne; Telephone: 020 7995 3700); 3. Stabilisation transactions, if commenced, may be discontinued at any time and may occur during the stabilisation period, which is expected to commence at 8.00 am on 7 December 2006 and will end on 8 January 2006; 4. The issue price of the Ordinary Shares (the "Issue Price") is 103 pence per Ordinary Share. 5. In connection with the Placing, Merrill Lynch International, as stabilising manager, has entered into over-allotment arrangements with the Company, pursuant to which Merrill Lynch International may acquire, or procure acquirors for, up to 3,000,000 Ordinary Shares at the Issue Price, for the purpose of allowing Merrill Lynch International to meet over-allocations in connection with the Placing and to cover short positions resulting from sales effected by it during the stabilisation period. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
WIND.L