RNS Number : 8534O
Clean Energy Brazil PLC
25 September 2013




Clean Energy Brazil Plc

(the "Company")



Interim Dividend Payment



The Board of Directors of the Company is pleased to announce a dividend of 3.2 pence per share. The Dividend will be paid on 18 October 2013 to shareholders recorded on the register on 4 October 2013. The shares will be marked ex dividend on 2 October 2013.

ontheturn,i reckon this will move to around 10p before the dividend record date
and not least because they could well pay another hefty dividend out when they
get the last cash in from the sale in a few weeks.So another 3-4p could be coming
after this one.

It is their policy to return this CASH TO SHAREHOLDERS!

Master RSI - from the "UPS" thread on another bulletin board. Some useful info here:

Clean Energy Brazil plc (CEB) is an investment company, which offers the opportunity to participate in the prospective growth in the Brazilian sugar and ethanol sector.
CEB invests in integrated sugar and ethanol production units in Brazil, giving investors exposure to: Brazil's domestic ethanol market; the global sugar market; and the growth in global ethanol demand.

Total shares in issue: 133,700,000

Percentage of AIM Securities not in Public Hands (as at 26 June 2013):
Ordinary shares in issue - 90.12%
Identity and Holdings of Significant Shareholders (as at 26 June 2013):

Insofar as the company is aware, the following are the significant shareholders of the company and their percentage shareholdings.
Global Investors Acquisition - 62.79%
QVT Finanacial - 27.31%
Credit Suisse Nominees - 3.08%

UPDATES on sales of Investments

16 July 2013
Sale of Agricultural Assets-Progress Update
Further to the announcements made by Clean Energy Brazil plc ("CEB") on 1 June 2012 and 10 December 2012 relating to the sale of CEB's entire interest in Unialco M/S to Unialco S/A, CEB is pleased to announce that following an installment payment made on 11 July 2013, the total amount received to date is USD $11 million.
Approximately USD $6.7 million of installment payments are still outstanding with last payment due by 15 October 2013.
Our current cash position is approximately USD $3.6 million. We intend to continue to closely monitor our costs and return excess capital to shareholders.

13 September 2013
Sale of Agricultural Assets - update
Further to the previous announcements made by Clean Energy Brazil plc ("CEB") relating to the sale of CEB's entire interest in Unialco M/S to Unialco S/A, CEB is pleased to announce that following an installment payment made on 12 September 2013, the total amount received to date is USD $15.58 million. Approximately USD $2.16 million of installment payments are still outstanding with last payment due by 15 October 2013.
Our current cash position is approximately USD $8.1 million. We intend to continue to closely monitor our costs and return excess capital to shareholders.

Our Investments

Unialco-MS
Unialco-MS is a holding company which controls Alcoolvale (92% owned) and Dourados (80% owned). Alcoolvale is an operating mill producing sugar and ethanol which currently has a 1.75 million tonnes of annual cane crushing capacity. Alcoovale’s sugar cane needs are supplied by the farming companies Canavale and Alcoolvale Agricola (99% and 92% respectively owned by Unialco-MS). Dourados is a well advanced greenfield project located in Mato Grosso do Sul state. It controls its own sugar cane plantation.

Clean Energy Brazil holds a stake of 33% in Unialco-MS which is a joint venture with Unialco-SA, a well known sugar mill organization in Brazil.

Special dividends paid

01 December 2011 - Interim Dividend
The Board of Directors of the Company is pleased to announce an interim dividend of8.8p per share. The Dividend will be paid on 23 December 2011 to shareholders
recorded on the register

20 November 2012 - Interim Dividend Payment
The Board of Directors of the Company is pleased to announce a dividend of 3.5
pence per share. The Dividend will be paid on 14 December 2012 to shareholders
recorded on the register on 25 September 2013

13 September 2013 - Interim Dividend Payment
The Board of Directors of the Company is pleased to announce a dividend of 3.2 pence per share. The Dividend will be paid on 18 October 2013 to shareholders recorded on the register on 4 October 2013. The shares will be marked ex dividend on 2 October 2013.
.
The CEB Team

Eitan Milgram, Non-Executive Director (aged 31)
Eitan has worked at Weiss Capital LLC since April 2000 as a Portfolio Manager, Head of Trading and Head of Operations. He is an Executive Vice President of Weiss Capital LLC. He graduated summa cum laude from Boston University where he won the Prize for Excellence in Economics. He has served on the board of directors of eight publicly traded corporations and has advised numerous corporations on reorganizations and restructurings.

Josef (Yossi) Raucher, Non-Executive Director (aged 38)
Josef is an Analyst at Weiss Capital LLC. Before joining Weiss, Mr Raucher worked for five years at McKinsey & Company as a Senior Engagement Manager. At McKinsey, Mr Raucher was part of the Private Equity and Financial Institutions Practices, where he served Fortune 100 clients on international strategy development, operations and investment due diligence. He has an MBA with Honors from Columbia Business School, as well as a LLB in Law and Bachelors in Accounting from Tel Aviv University.

Tim Walker, Non-Executive Director (Chairman of the Audit Committee) (aged 54)
Tim is a chartered accountant and an Isle of Man resident. He is the former finance director of Swallow/Vaux Group plc, Strix Group and Burtonwood Brewery plc. Tim is currently a non-executive director of AIM listed Ishaan Real Estate plc and a number of private companies in the leisure and property industries.

Philip Scales, Company Secretary (aged 61)
Philip is managing director of IOMA Fund and Investment Management Limited, part of the Isle of Man Assurance Group. IOMAFIM specialises in the provision of third party fund administration and investment management services. Prior to this, Philip spent nearly 18 years as managing director of Northern Trust International Fund Administration Services (Isle of Man) Limited (formerly Barings (Isle of Man) Limited). He has over 30 years' experience working offshore, primarily in corporate and mutual fund administration and currently holds a number of directorships of listed companies. Philip is a Fellow of the Institute of Chartered Secretaries and Administrators.

Wow so under 15m shares in retail hands ??


This could get rather interesting

That's kind of what I was thinking Jazz! :-)

Typical MMs messing about with the spread now - did the same thing yesterday afternoon.

doodlebug i am liking this more and more !

It will be interesting to see how this plays out - how many buy in just for the divi and then sell immediately and how many buy for the divi and hold on.

doodlebug4 they are due to get another $2.1m cash from the sale on the 16th of
october so any drop from the ex divi date will be quickly bought up IMVHO.So i do
not think it will be the dividend amount of 3.2p lower afterwards when they have
all the cash in the coffers on the 16th.

In short they will still be sitting on a big cashpile mid october and could announce a
new investment or two :-) and you still get a 45% dividend !

Looks like a no-brainer to me whichever way you decide to play it. Depending on how the MMs move the share price the next few days I may buy some more, since the timing of my buy wasn't too clever on Friday! :-) Looking at the chart following on from the last big dividend pay out (3.5p) at the end of November last year it took the sp about 6/7 months to recover to the same pre-dividend level.

nice company resume from Master RSI

It looks like the directors have been investing on the right places and now have got the results with the cash coming in from the sales

doodlebug4,do not forget they will be getting the rest of the asset sale cash in around
two weeks time so any drop from the dividend will be short lived.Could get lively later!

Good movement up today on early buying ahead of going X-dividend on Wednesday

On moving further up a posible BREAKOUT will occur

ontheturn

And only around 13m of shares in free float :-)))

Thank you for the heads up on this one Mack R - not a share that was on my radar before! :-)

another bout of buying is going on again

doodlebug

I only came across them in feb but been watching them carefully since,i think they
look after their shareholders very well indeed in relative terms.Have bought more
today too :-)

It is very interesting that the institutions holding 90% of the shares here have not sold any at all,i wonder if they been briefed on the company,s next move ?

Nice chunky 600k buy after the bell. The next few days/weeks/months will be interesting! Finger poised on the buy button here!!

going X-divi tomorrow..... so expect the 3.20p drop, anything less will be the bonus

4.75p is the price now so only 2.75p has been discounteda plus of 0,50p on the day


5 days chart

Reading the CEB threads on some other bulletin boards it would appear that some posters are clueless that share prices usually drop on ex-divi days! As you say ontheturn, a drop of anything less than 3.20p is a bonus here.