RNS Number : 0486P
Climate Exchange PLC
18 March 2009
18 March 2009
CLIMATE EXCHANGE PLC
Issue of new shares
Climate Exchange plc (CLE), today announces that 299,960 ordinary shares of 1p each were issued to a former employee of the company under the terms of his employment contract. Admission of these shares to listing is expected to become effective on 23 March 2009.
The total number of ordinary shares in issue immediately following this issue will be 47,412,111.
Neil Eckert, CEO Climate Exchange plc 0207 382 7801
Matthew Whittell, CFO Climate Exchange plc 0207 382 7802
Ivonne Cantu, Cenkos Securities plc 0207 397 8900
About Climate Exchange plc
Climate Exchange plc is a holding company whose subsidiaries are principally engaged in owning, operating and developing exchanges to facilitate trading in environmental financial instruments including emissions reduction credits in both voluntary and mandatory markets. Its three main businesses are the European Climate Exchange (ECX) which operates the leading derivatives exchange focused on compliance certificates for the mandatory European Emissions Trading Scheme, Chicago Climate Exchange (CCX) which operates a voluntary but contractually binding cap and trade system for greenhouse gas emissions in the U.S., and the Chicago Climate Futures Exchange (CCFE) the leading U.S. regulated environmental products exchange whose contracts include mandatory U.S. emissions such as SO2 , NOx and RGGI CO2.
About European Climate Exchange
The European Climate Exchange (ECX) manages product development and marketing of Carbon Financial Instruments (CFI) futures and options contracts on CO2 EU allowances (EUAs) traded under the EU Emissions Trading Scheme and Certified Emission Reductions (CERs) issued under the Kyoto Protocol.
ECX CFI contracts are listed and traded on the ICE Futures electronic platform, offering a central marketplace for emissions trading in Europe with standard contracts and clearing guarantees. ECX/ ICE Futures is the most liquid, pan-European Exchange for carbon emissions trading. More than 90 businesses have signed up for membership to trade ECX products. In addition, several thousand ICE clients can access the market via banks and brokers.
About Chicago Climate Exchange, Inc. and Chicago Climate Futures Exchange
Chicago Climate Exchange (CCX) is a financial services business whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX is the world's first and North America's only contractually binding rules-based greenhouse gas emissions allowance trading system, as well as the world's only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and represent all sectors of the global economy, as well as public sector innovators. Greenhouse gas emission reductions achieved through CCX are the only reductions in North America being achieved through a legally binding compliance regime. Independent third party verification is provided by FINRA. For a full list of CCX members, daily prices and other Exchange information please see the CCX website.
The Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary of the Chicago Climate Exchange, is a CFTC designated contract market which offers standardized and cleared futures contracts on emission allowances and other environmental products. Clearing services are provided by The Clearing Corporation. Market surveillance services are provided by the National Futures Association, the industry wide, self-regulatory organization for the U.S. futures industry.
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