Carbon Acquisition Company Ltd, a wholly-owned indirect subsidiary of JPMorgan Chase & Co (JPM) said Monday it has agreed the terms of a recommended cash offer for EcoSecurities Group PLC (ECO.LN) which values the company at GBP122.9 million.

MAIN FACTS:

-EcoSecurities shareholders will receive 100 pence in cash for each EcoSecurities share

-The offer represents a premium of 11% to the revised Guanabara offer price of 90 pence for each EcoSecurities share announced Sept. 1

-Offer is a premium of 120% to the closing price of 45.5 pence for each EcoSecurities share on June 4

-Carbon Acquisition Company has received irrevocable undertakings to accept (or procure the acceptance of) the Offer in respect of a total of 23,536,621 EcoSecurities shares, representing 19.91%

- The effect of the temporary suspension of SGS United Kingdom Ltd as a designated operational entity on EcoSecurities is not expected to be significant due to the small number of projects and the related portfolio CERs that SGS is working on for EcoSecurities.

-EcoSecurities is confident that the Company will manage the impact of SGS's temporary suspension.

-EcoSecurities confirms that there has been no material change to EcoSecurities' prospects.

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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