Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Viridas PLC (PRS)

  Print      Mail a friend

Monday 23 November, 2009

Viridas PLC

Placing and Appointment of Di

RNS Number : 8824C
Viridas PLC
23 November 2009


Placing Raising £850,000 and Appointment of Directors

Viridas PLC ("Viridas"), a company planning to plant 120 square miles of the dedicated energy crop, jatropha, in Brazil to produce EU compliant sustainable Crude Jatropha Oil ("CJO") is pleased to announce that it has placed 8,500,000 new ordinary shares of 10 pence each ("New Ordinary Shares"), with warrants, conditional only upon Admission to AIM, at 10 pence per New Ordinary Share (the "Placing Price") raising £850,000 gross ("The Placing"). 


        Placing Highlights

  • The issue price compares with a middle market price of 10 pence per Ordinary Share at the close of business on 20th November 2009.

  • The New Ordinary Shares will represent 25.86% per cent of the enlarged issued share capital of Viridas.

  • Placees will receive Warrants to subscribe, during a period of between two and five years from the closing, for further New Ordinary Shares at 10p each on the basis of one further New Ordinary Share for every four New Ordinary Shares subscribed for in the Placing, representing up to 2,125,000 further New Ordinary Shares.  No application will made for the Warrants to be traded on AIM.

  • The New Ordinary Shares are expected to be admitted to trading on AIM on 24th November 2009.



Use of Funds

    The Placing forms part of a planned series of fund raisings, and the funds will   
     primarily be used to establish a new administrative organisation in Salvador, Brazil, 
     and to acquire and plant up to 250 Hectares of base farm, in the state of Bahia, 

The objectives of the base farm are to:-

  • Put in place a nursery for the production of seedlings to be used for the planting out of up to 30,000 hectares needed for the planned industrial production of up to 60,000 tonnes of CJO annually.  

  • Obtain in situ representative data and "know how" relevant to the industrial scale planting, pruning and general agronomical husbandry of industrial scale jatropha growing.

  • Establish a training ground for the staff and employees who will eventually work on the commercial plantations.

  • Establish a hub for the garaging and upkeep of the farm machinery that will be needed on a rotational basis for the future plantations

  • Establish a pilot plant to carry out research and development on jatropha plant sciences and down-stream activities such as mechanical harvesting, de-husking, oil extraction and pelletisation.

Once the base farm is established and performing in accordance with expectations Viridas will commence on the fourth stage of the project, the rolling out of commercial operations for the annual production of 60,000 tonnes of CJO which is contracted to be sold to Viridas' development partner INEOS Enterprises Limited, as announced on 15th December 2008, and for which further funding will be required.


       Board and management changes

As the business now progresses in the development of its jatropha project the Company has appointed, with immediate effect, Martin Brink as Managing Director and David Thompson as Director with responsibility for finance.


Martin Brink (40) is a multi lingual Dutch national who has been resident in Salvador, Brazil for the last five years where he has been Managing Director of Universal Properties Brazil Administração de Imóveis Ltda., involved in consequential real estate projects including development of Teak and Eucalyptus. Other Directorships currently held by Martin are Universal Properties SAS, MNM Concepts SARL, Weltevree Foundation, Universal Travel Services LLC, Universal Agrícola e Empreendimentos Turísticos Ltda., MNM Gestão Empreserial Ltda. (previously MNM Concepts Empreendimentos Turísticos Ltda.) and Valuebiz Brasil Ltda. Past directorships held by Martin over the last five years were SCI de la Baie Orientale and Baker’s Island Liqueurs N.V..


Martin was also a director of Papagayo SARL and Orientique SARL which were both voluntarily liquidated in 2008 as well as Dolphin Watersports SARL and Baker's Island Trading SARL both of which were voluntarily liquidated in 2007. All were closed due to non-activity and without any outstanding debts or liabilities.

Martin has a BA in International Business and Marketing and prior to moving to Brazil had been Managing Director of a leading resort on the Caribbean island of St Martin. For the past 14 months Martin has been successfully acting as a consultant to Viridas regarding the development of their jatropha project.

David Thompson (58) has been Finance Director of M Higgins Ltd ("Higgins") one of the largest potato suppliers to the processing industry, since 1988. Higgins has the largest seed growing operation in Scotland. Amongst other interests David has for 9 years also been a Non-Executive Director of Johnsons of Whixley, ("Johnsons") one of the longest established and largest commercial nursery businesses in the UK, supplying the amenity and retail sectorsHiggins and Johnsons operate in both the UK and overseas markets. David is also a Director of Essco Ltd, APLH Limited and D Thompson Limited. 

Previously David was a non-executive director of Acer Landscapes Ltd until his resignation in 2006 and a director of Advantage Property Lawyers Limited until January 2009. 

David was also a director of WL Pawson plc, a clothing manufacturer and importer which went into receivership in 1982.

David has a BA in economics, an MA in Finance and is a Certified Accountant.

There are no further disclosures required to be made pursuant to Schedule 2, Paragraph g, of the AIM rules.

       Directors' participation

All Viridas Directors have participated in the Placing by subscribing in aggregate £130,000 for 1,300,000 New Ordinary Shares. The beneficial and non-beneficial interests of the Directors in the Ordinary Shares following completion of the Placing will be as set out below:- 



Current interest in the issued share capital of the company

Current percentage interest in the issued share capital of the Company

Number of New Ordinary Shares to be acquired in the Placing

 Interest in Ordinary Shares after the Placing

Percentage interest in Ordinary Shares after the placing





































       Significant Shareholders

The anticipated significant shareholders in the company (in addition to Mr Wootliff) holding more than 3% of the enlarged issued Share Capital following the Placing are set out below:


Current interest in the issued share capital of the company

Current percentage interest in the share capital of the company

Number of New Ordinary Shares being acquired in the placing

Interest in Ordinary Shares after the placing

Percentage interest in Ordinary Shares after the placing

Banque Pasche (Liechtenstein)SA*












*Shares held on behalf of clients.

       Commenting on the placing, Stanley Wootliff, Chairman of Viridas said:

"The Placing provides Viridas with the additional working capital to move to the next stage of its development programme and to take advantage of the growing EU demand for compliant sustainable biodiesel and biomass sourced from a dedicated energy crop.  With a strong team and partnerships in place this funding will enable us to build a business with sustainability at its core while building value for our shareholders."


Contact Details


Stanley Wootliff:          Chairman Viridas PLC        0113 235 0632

Matthew Robinson:    FinnCap, NOMAD               0207 600 1658

Chelsea Hayes:             Pelham Public Relations    0207 337 1523

This information is provided by RNS
The company news service from the London Stock Exchange

a d v e r t i s e m e n t