(NVE.L) Novera Energy PLC Buy/Sell

(Adds details)
Nov 20 (Reuters) - British renewable energy company Novera Energy Plc said more bidders have shown interest in buying a minority stake in one of its wind farm assets.
Novera, which is fending off a hostile takeover bid from Terra Firma-backed Infinis Energy, said it would hold talks with interested parties with the aim of executing definitive sale and purchase documentation early in 2010.
On Nov. 13, Novera said it was reviewing interest from bidders for the minority stake. Alongside 46 landfill gas sites, the company has just two operational wind farms - Myndd Clogau in Wales and Lisset in Yorkshire.
The company had previously said it was looking to sell equity in its projects to raise cash for investment in new wind farms.

(Reporting by Kumar Alagappan in Bangalore; Editing by Anil D'Silva) Keywords: NOVERAENERGY/ (kumar.alagappan@thomsonreuters.com; +91 80 4135 5800; Reuters Messaging: kumar.alagappan@thomsonreuters.com)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

LONDON, Nov 20 (Reuters) - Novera Energy Ltd:

RNS Number : 8212C Novera Energy PLC 20 November 2009

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE

20 November 2009

Novera Energy plc

("Novera" or the "Company")

Update regarding Novera's financing strategy

In the circular sent to Novera Shareholders on 13 November 2009 (the "Circular"), the Novera Board set out, amongst other things, its sustainable stand alone financing strategy. This strategy includes the option of selling stakes in Novera's wind assets at the appropriate stage to maximise value. Cash generated from such sales will, in conjunction with debt financing, be available to fund new wind farm construction.

Prior to the Offer Period, Novera had started a process of assessing interest from bidders in acquiring a minority stake in one of its operating wind assets and at the time of the publication of the Circular, the Company had received a number of indicative offers.

Following the receipt of these initial indicative offers, a number of parties were provided with further financial and operational information. Novera has now received further detailed indicative offers and the Novera Board is extremely encouraged by the response. Novera will now conduct negotiations with the interested parties in conjunction with a detailed due diligence exercise with the aim of executing definitive sale and purchase documentation early in 2010.

The Novera Board believes that, should the process complete, it would demonstrate the substantial value that the Novera management team has created for the Company by taking a wind farm through the development process to operation and would also provide the necessary capital to construct increased wind generation capacity from the existing portfolio.

In the Circular, the Novera Board also confirmed that Novera had free cash balances of £14.8 million as at 31 October 2009. Since that date, Novera has drawn down the final £1.8 million from the Lissett Airfield wind farm project finance debt facility. This amount represents the outcome of the 'equity true up' process, which results in the return of equity that Novera placed in the wind farm special purpose vehicle as a contingency for construction costs. Construction was completed below budget and therefore the cash was available for release, which along with other cash movements increased our free cash balance as at 14 November 2009 by a further £2.0 million to £16.8 million. This cash is also available to fund the construction of new wind farms.

The developments highlighted above further underline the Novera Board's confidence in its ability to finance the future development of the Company.

The Board of Novera continues to believe that the Infinis Offer substantially undervalues the Company, and advises that Shareholders take no action at this time and do not sell their Novera Shares.

Enquiries:

Novera Energy plc

Roy Franklin, Chairman

Richard Round, Acting Chief Executive Officer/Finance Director

Tel: +44 (0) 20 7845 9720

Hawkpoint Partners Limited (Joint Financial Adviser)

Rupert Newall / Alastair Rogers / Andreas Zapf

Tel: +44 (0) 20 7665 4500

Oriel Securities Limited (Joint Financial Adviser, Nominated Adviser and Broker)

Richard Crawley / Michael Shaw

Tel: +44 (0) 20 7710 7600

Kreab Gavin Anderson (PR)

Ken Cronin / Kate Hill / Michael Turner

Tel: +44 (0) 20 7074 1800

Words and expressions defined in the circular to Novera Shareholders dated 26 October 2009 shall have the same meanings in this announcement. A copy of this announcement is available at the website of the Company at www.noveraenergy.com/announcements.php.

The Novera Directors accept responsibility for the information contained in this announcement, except that the only responsibility accepted by them in respect of the information contained in this announcement relating to Infinis, which has been compiled from published sources, is to ensure that such information has been correctly and fairly reproduced and presented. To the best of the knowledge and belief of the Novera Directors (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement for which they are responsible is in accordance with the facts and does not omit anything likely to affect the import of such information.

Hawkpoint, which is authorised and regulated in the United Kingdom by the Financial Services Authority is acting for Novera and no one else in connection with the Offer and will not be responsible to anyone other than Novera for providing the protections afforded to clients of Hawkpoint or for providing advice in connection with the Offer.

Oriel Securities, which is authorised and regulated in the United Kingdom by the Financial Services Authority is acting for Novera and no one else in connection with the Offer and will not be responsible to anyone other than Novera for providing the protections afforded to clients of Oriel Securities or for providing advice in connection with the Offer.

Forward looking statements

This announcement contains certain forward looking statements with respect to the financial condition, results of operations and business of Novera or the Novera Group and certain plans and objectives of the Board of Novera. These forward looking statements can be identified by the fact that they do not relate to historical or current facts. Forward looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "will", "may", "should", "would", "could" or other words of similar meaning. These statements are based on assumptions and assessments made by the Board of Novera in the light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe appropriate. By their nature, forward looking statements involve risk and uncertainty and the factors described in the context of such forward looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward looking statements.

Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this announcement. Except as required by the Financial Services Authority, the London Stock Exchange, the AIM Rules or any other applicable law or regulation, Novera assumes no obligation to update or correct the information contained in this announcement.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Novera, all "dealings" in any "relevant securities" of that company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 p.m. (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of Novera, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of Novera by Infinis or by Novera, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.

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

MSCBKLLFKFBZFBL

RNS Number : 7950C Office of Fair Trading 19 November 2009

Merger Clearance:

The OFT has decided, on the information currently available to it, not to refer the following merger to the Competition Commission under the provisions of the Enterprise Act 2002:

Anticipated acquisition by Infinis Energy Limited of Novera Energy plc

The text of this decision will be placed on the Office of Fair Trading's web site at www.oft.gov.uk as soon as is reasonably practicable.

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

MERFFLFLUSUSEEF

RNS Number : 7923C F&C Asset Management PLC 19 November 2009

FORM 8.3

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

(Rule 8.3 of the City Code on Takeovers and Mergers)

1. KEY INFORMATION
Name of person dealing (Note 1) F&C Asset Management plc
Company dealt in Novera Energy plc
Class of relevant security to which the dealings GBP 0.05 Ordinary

being disclosed relate (Note 2)
Date of dealing 18/11/09
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)
Long Short
Number (%) Number (%)
(1) Relevant securities 3,117,300 (2.15%) -
(2) Derivatives (other than options) - -
(3) Options and agreements to - -

purchase/sell

Total 3,117,300 (2.15%) -
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)
Class of relevant security: Long Short
Number (%) Number (%)
(1) Relevant securities - -
(2) Derivatives (other than options) - -
(3) Options and agreements to purchase/sell - -
Total - -
(c) Rights to subscribe (Note 3)

Class of relevant security: Details

-

3. DEALINGS (Note 4)
(a) Purchases and sales

Purchase/sale Number of securities Price per unit (Note 5)

Sale 27,938 GBP 0.64
(b) Derivatives transactions (other than options)
Product name, Long/short (Note 6) Number of securities Price per unit (Note 5)
e.g. CFD (Note 7)

-

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money
e.g. call option purchasing, varying to which the option price European etc. date paid/received per
etc. relates (Note 7) unit (Note 5)

-

(ii) Exercising

Product name, e.g. call option Number of securities Exercise price per unit (Note 5)

-

(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8) Details Price per unit (if applicable) (Note

-

4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None

Is a Supplemental Form 8 attached? (Note 9) NO
Date of disclosure 19/11/09
Contact name Peter Fraser
Telephone number 0131 718 1051

If a connected EFM, name of offeree/offeror with which connected If a connected EFM, state nature of connection (Note 10)

Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk

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

RETEALFNFESNFFE

RNS Number : 7678C Royal Bank of Canada Europe Ltd 19 November 2009

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS

BUT NOT DEALING IN A CLIENT-SERVING CAPACITY

(Rule 38.5(b) of the Takeover Code)

1. KEY INFORMATION
Name of exempt principal trader Royal Bank of Canada Europe Limited
Company dealt in Novera Energy plc
Class of relevant security to which the 5p Ords

dealings being disclosed relate (Note 1)
Date of dealing 18 November 2009
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 2)
Long Short
Number (%) Number (%)
(1) Relevant securities 9164 0.006% 0 0%

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total 9164 0.006% 0 0%
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 2)
Class of relevant security: Long Short
Number (%) Number (%)

(1) Relevant securities

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

RNS Number : 6813C Takeover Panel 18 November 2009

Novera Energy PLC

("Novera")

Infinis Energy LIMITED

("Infinis")

Offer timetable extended

Rule 31.9 of the Code requires that the board of the offeree company should not, except with the consent of the Panel, announce any material new information after the 39th day following the publication of the initial offer document. Normally, therefore, the last day for the announcement by Novera of material new information in the context of the offer by Infinis would be Friday, 20 November. However, the decision whether or not to refer the offer by Infinis to the Competition Commission has yet to be announced.

In these circumstances, and in accordance with Note 3 on Rule 31.6, the Panel Executive has ruled that "Day 39" will be deemed to be the second day after the announcement of that decision.

"Day 46" (the last date for posting a revised offer) and "Day 60" (the date by which an offer must become or be declared unconditional as to acceptances) will also be extended by the same number of days. The next expiry date of the offer will not be affected by this extension.

Each of the parties has accepted this ruling.

18 November 2009

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

MSCFFUSAASUSEIF

LONDON, Nov 17 (Reuters) - Novera Energy Ltd:

RNS Number : 6341C Novera Energy PLC 17 November 2009

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE

17 November 2009

Novera Energy plc

("Novera" or the "Company")

Response to the extension of the Infinis Offer

The Novera Board notes the announcement made earlier today by Infinis of the level of acceptances it has received in relation to the Offer. In particular, the Novera Board notes that the level of acceptances is approximately 0.16 per cent. of the existing issued share capital of Novera.

The Novera Board also notes that Infinis has now extended the Offer and that the next closing date will be 30 November 2009.

The Novera Board continues to believe that Infinis' Offer substantially undervalues the Company and recommends that Novera Shareholders continue to take no action and reject the Offer.

Roy Franklin, Chairman of Novera, commented:

"We are encouraged by the sustained strong support from our Shareholders, as demonstrated by the extremely low level of acceptances. I urge Shareholders to retain their Novera Shares and to continue to reject the Infinis Offer."

Enquiries:

Novera Energy plc

Roy Franklin, Chairman

Richard Round, Acting Chief Executive Officer/Finance Director

Tel: +44 (0) 20 7845 9720

Hawkpoint Partners Limited (Joint Financial Adviser)

Rupert Newall / Alastair Rogers / Andreas Zapf

Tel: +44 (0) 20 7665 4500

Oriel Securities Limited (Joint Financial Adviser, Nominated Adviser and Broker)

Richard Crawley / Michael Shaw

Tel: +44 (0) 20 7710 7600

Kreab Gavin Anderson (PR)

Ken Cronin / Kate Hill / Michael Turner

Tel: +44 (0) 20 7074 1800

Words and expressions defined in the circular to Novera Shareholders dated 26 October 2009 shall have the same meanings in this announcement. A copy of this announcement is available at the website of the Company at www.noveraenergy.com/announcements.php.

The Novera Directors accept responsibility for the information contained in this announcement, except that the only responsibility accepted by them in respect of the information contained in this announcement relating to Infinis, which has been compiled from published sources, is to ensure that such information has been correctly and fairly reproduced and presented. To the best of the knowledge and belief of the Novera Directors (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement for which they are responsible is in accordance with the facts and does not omit anything likely to affect the import of such information.

Hawkpoint, which is authorised and regulated in the United Kingdom by the Financial Services Authority is acting for Novera and no one else in connection with the Offer and will not be responsible to anyone other than Novera for providing the protections afforded to clients of Hawkpoint or for providing advice in connection with the Offer.

Oriel Securities, which is authorised and regulated in the United Kingdom by the Financial Services Authority is acting for Novera and no one else in connection with the Offer and will not be responsible to anyone other than Novera for providing the protections afforded to clients of Oriel Securities or for providing advice in connection with the Offer.

Forward looking statements

This announcement contains certain forward looking statements with respect to the financial condition, results of operations and business of Novera or the Novera Group and certain plans and objectives of the Board of Novera. These forward looking statements can be identified by the fact that they do not relate to historical or current facts. Forward looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "will", "may", "should", "would", "could" or other words of similar meaning. These statements are based on assumptions and assessments made by the Board of Novera in the light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe appropriate. By their nature, forward looking statements involve risk and uncertainty and the factors described in the context of such forward looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward looking statements.

Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this announcement. Except as required by the Financial Services Authority, the London Stock Exchange, the AIM Rules or any other applicable law or regulation, Novera assumes no obligation to update or correct the information contained in this announcement.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Novera, all "dealings" in any "relevant securities" of that company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 p.m. (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of Novera, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of Novera by Infinis or by Novera, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.

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

OUPFFIFEWSUSEFF

RNS Number : 6334C Legal & General Investment Mgmnt Ld 17 November 2009

FORM 8.3

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

(Rule 8.3 of the Takeover Code)

1. KEY INFORMATION
Name of person dealing (Note Legal And General
1) Investment Management
Ltd.

Company dealt in Novera Energy Plc

Class of relevant security to ORD GBP 0.05

which the dealings being disclosed relate (Note 2)
Date of dealing 16 November 2009
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

Long Short
Number (%) Number (%)
(1) Relevant securities 2,092,250 1.44

(2) Derivatives (other than options) (3) Options and agreements to purchase/sell
Total 2,092,250 1.44

(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

Class of relevant security: Long Short
Number (%) Number (%)

(1) Relevant securities (2) Derivatives (other than options) (3) Options and agreements to purchase/sell Total

(c) Rights to subscribe (Note 3)

Class of relevant security:

3. DEALINGS (Note 4)
(a) Purchases and sales

Purchase/sale Number of securities Price per unit (Note 5)

Purchase 92,250 GBP 0.65

(b) Derivatives transactions (other than options)

Product name, e.g. CFD Long/short (Note 6) Number of securities Price per unit (Note
(Note 7) 5)

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name,e.g. call option Writing, selling, Number of securities Exercise price Type, e.g. American, Expiry date Option money
purchasing, varying to which the option European etc. paid/received per
etc. relates (Note 7) unit (Note 5)
(ii) Exercising

Product name, e.g. call option Number of securities Exercise price per unit (Note 5)

(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8) Details Price per unit (if applicable) (Note

4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.

LONDON, Nov 17 (Reuters) - Infinis Energy Ltd:

RNS Number : 6024C Infinis Energy Limited 17 November 2009

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

Infinis Energy Limited ("Infinis Energy")

Cash Offer for Novera Energy plc ("Novera")

17 November 2009

Offer for Novera extended until, and closing at, 1.00 p.m. on 30 November 2009.

Infinis Energy announces that its Offer, which remains subject to the terms and conditions set out or referred to in the Offer Document posted to Novera Shareholders on 12 October 2009, is extended to and will remain open for acceptance until 1.00 p.m. on 30 November 2009 (the "Third Closing Date").

Levels of Acceptance

As at 1.00 p.m. (London time) on 16 November 2009, being the Second Closing Date of the Offer, Infinis Energy had received valid acceptances in respect of 226,261 Novera Shares representing approximately 0.2 per cent. of the issued share capital of Novera. None of the acceptances were received from persons acting in concert with Infinis Energy or were in respect of Novera Shares which were subject to an irrevocable commitment or a letter of intent procured by Infinis Energy or any of its associates (no such irrevocable commitment or letter of intent having been procured).

In addition, Infinis Energy holds a further 61,762,601 Novera Shares representing approximately 42.6 per cent. of the issued share capital of Novera.

Accordingly, as at 1.00 p.m. (London time) on 16 November 2009, Infinis Energy either owned or had received valid acceptances of its Offer which it may count towards the satisfaction of the Condition to the Offer in respect of a total of 61,988,862 Novera Shares representing, in aggregate, approximately 42.8 per cent. of the issued share capital of Novera.

Acceptance Condition

The Offer is conditional only upon valid acceptances being received (and not, where permitted, withdrawn) by not later than 1.00 p.m. on the Third Closing Date of the Offer (or such later time(s) and/or date(s) as Infinis Energy may with the consent of the Panel or in accordance with the City Code, decide) in respect of Novera Shares which, together with Novera Shares acquired or agreed to be acquired before such time(s), will result in Infinis Energy and any person acting in concert with it holding Novera Shares representing in aggregate more than 50 per cent. of the voting rights then exercisable at a general meeting of Novera including (to the extent, if any, required by the Panel for this purpose) any such voting rights attaching to any Novera Shares that are unconditionally allotted or issued before the Offer becomes unconditional.

For the purposes of this Condition, shares which have been unconditionally allotted but not issued before the Offer becomes or is declared unconditional, whether pursuant to the exercise of any outstanding subscription or conversion rights or otherwise, shall be deemed to carry the voting rights they will carry on being entered into the register of members of Novera.

Given that Infinis Energy currently either owns or has received valid acceptances of its Offer in respect of a total of approximately 42.8 per cent. of the issued share capital of Novera, this Condition would be fulfilled once Infinis Energy receives valid acceptances representing, in aggregate, more than 7.2 per cent. of the issued share capital of Novera.

Further acceptance of the Offer

Novera Shareholders who wish to accept the Offer and have not yet done so are urged to do so in the manner set out in the Offer Document and, if they hold Novera Shares in certificated form, deliver a Form of Acceptance in accordance with the instructions set out thereon and in the Offer Document as soon as practicable and in any event by no later than 1.00 p.m. on the Third Closing Date.

It is expected that settlement of the consideration due under the Offer in respect of valid acceptances which have been received prior to the Third Closing Date and are valid and complete in all respects will be dispatched on or before 14 December 2009.

A reminder of the procedure for accepting the Offer

The procedure for acceptance of the Offer is set out in paragraph 7 of Part B of Appendix I of the Offer Document and, in respect of certificated shares, the accompanying Form of Acceptance.

If your Novera Shares are held in certificated form (that is, not through CREST) and you wish to accept the Offer, you should comply with the instructions in paragraph 7(A) of Part B and Part C of Appendix I of the Offer Document and the Form of Acceptance and complete, sign and return the enclosed Form of Acceptance, together with all other required documents, as soon as possible and, in any event, so as to be received either by post or, between 9.00 a.m. and 5.00 p.m. (London time) Monday to Friday (excluding public holidays), by hand by Capita Registrars, the receiving agent to the Offer, at the address below, no later than 1.00 p.m. (London time) on 30 November 2009. A reply-paid envelope (for use only within the United Kingdom) is enclosed for your convenience. No acknowledgement of receipt of documents will be given.

If your Novera Shares are held in uncertificated form (that is, in CREST) and you wish to accept the Offer, you should comply with the instructions set out in paragraph 7(B) of Part B and Part D of Appendix I of the Offer Document so that the relevant TTE instruction settles no later than 1.00 p.m. (London time) on 30 November 2009.

Further Information

Copies of the Offer Document and the Form of Acceptance are available (during normal business hours) from Capita Registrars at Corporate Actions, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU. In addition, any Novera Shareholder can obtain an electronic copy via email from Capita Registrars. Details for telephoning Capita Registrars from outside the United Kingdom are set out below.

If you have any questions as to how to complete the Form of Acceptance (or wish to request additional Forms of Acceptance) or as to how to make an Electronic Acceptance, please contact Capita Registrars on 0871 664 0321 or +44 20 8639 3399 (if telephoning from outside the United Kingdom) between 9.00 a.m. and 5.00 p.m. (London time) Monday to Friday (excluding United Kingdom public holidays) or at the address set out above.

A copy of all announcements by Infinis Energy and the Offer Document are available on:

www.infinis.com.

Terms used in this announcement shall have the meaning given to them in the Offer Document.

Enquiries:

BofA Merrill Lynch Telephone: +44 (0) 20 7628 1000

Noah Bulkin

Paul Bundred

Simon Fraser (Corporate Broking)

Financial Dynamics Telephone: +44 (0) 20 7831 3113

Andrew Dowler

This announcement is not intended to and does not constitute, or form part of, an offer to sell or invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Offer or otherwise, nor will there be any purchase or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law or regulation. The Offer will be made solely through the Offer Document and, in the case of certificated Novera Shares, the Form of Acceptance accompanying the Offer Document, which will contain the full terms and conditions of the Offer, including details of how to accept the Offer. Any acceptance or other response to the Offer should be made only on the basis of the information in such documents.

BofA Merrill Lynch, a subsidiary of Bank of America Corporation, is acting exclusively for Infinis Energy in connection with the Offer and for no one else and will not be responsible to anyone other than Infinis Energy for providing the protections afforded to its clients or for providing advice in relation to the Offer.

Climate Change Capital, which is authorised and regulated in the United Kingdom by the Financial Services Authority for investment business activities, is acting exclusively for Infinis Energy in connection with the Offer and will not be responsible to anyone other than Infinis Energy for providing the protection afforded to clients of Climate Change Capital or for providing advice in relation to the Offer.

The availability of the Offer to persons who are not resident in the UK may be affected by the laws of the relevant jurisdictions. Persons who are not so resident should inform themselves about, and observe, any applicable requirements. Further details in relation to overseas shareholders will be contained in the Offer Document.

The release, publication or distribution of this announcement in jurisdictions other than the UK may be restricted by law and/or regulation and therefore any persons who are subject to the laws and regulations of any jurisdiction other than the UK should inform themselves about, and observe, any applicable requirements. Any failure to comply with the applicable requirements may constitute a violation of the laws and/or regulations of any such jurisdiction. This announcement has been prepared for the purpose of complying with English law and the Code and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and/or regulations of jurisdictions outside the UK.

Any person (including, without limitation, any custodian, nominee and trustee) who would, or otherwise intends to, or who may have a contractual or legal obligation to, forward this announcement and/or the Offer Document and/or any other related document to any jurisdiction outside the UK should inform themselves of, and observe, any applicable legal or regulatory requirements of that jurisdiction.

To the extent permitted by applicable law and in accordance with normal UK practice, Infinis Energy, or its nominee or brokers (acting as agents), may from time to time make certain purchases of, or arrangements to purchase, Novera Shares other than pursuant to the Offer, such as in open market or privately negotiated purchases during the period in which the Offer remains open for acceptance. Such purchases, or arrangements to purchase, must comply with English law, the City Code, the AIM Rules and other applicable law.

The directors of Infinis Energy and Terra Firma accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of Infinis Energy and Terra Firma (who have taken all reasonable care to ensure that such is the case), the information contained in this document for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.

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

OUPBFBLTMMABBRL

RNS Number : 4993C F&C Asset Management PLC 13 November 2009

FORM 8.3

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

(Rule 8.3 of the City Code on Takeovers and Mergers)

1. KEY INFORMATION
Name of person dealing (Note 1) F&C Asset Management plc
Company dealt in Novera Energy plc
Class of relevant security to which the dealings GBP 0.05 Ordinary

being disclosed relate (Note 2)
Date of dealing 12/11/09
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)
Long Short
Number (%) Number (%)
(1) Relevant securities 3,145,238 (2.17%) -
(2) Derivatives (other than options) - -
(3) Options and agreements to - -

purchase/sell

Total 3,145,238 (2.17%) -
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)
Class of relevant security: Long Short
Number (%) Number (%)
(1) Relevant securities - -
(2) Derivatives (other than options) - -
(3) Options and agreements to purchase/sell - -
Total - -
(c) Rights to subscribe (Note 3)

Class of relevant security: Details

-

3. DEALINGS (Note 4)
(a) Purchases and sales

Purchase/sale Number of securities Price per unit (Note 5)

Sale 144,865 GBP 0.64
(b) Derivatives transactions (other than options)
Product name, Long/short (Note 6) Number of securities Price per unit (Note 5)
e.g. CFD (Note 7)

-

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name, Writing, selling, Number of securities Exercise Type, e.g. American, Expiry Option money
e.g. call option purchasing, varying to which the option price European etc. date paid/received per
etc. relates (Note 7) unit (Note 5)

-

(ii) Exercising

Product name, e.g. call option Number of securities Exercise price per unit (Note 5)

-

(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8) Details Price per unit (if applicable) (Note

-

4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None

Is a Supplemental Form 8 attached? (Note 9) NO
Date of disclosure 13/11/09
Contact name Peter Fraser
Telephone number 0131 718 1051

If a connected EFM, name of offeree/offeror with which connected If a connected EFM, state nature of connection (Note 10)

Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk

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

RETEADFDFSKNFFE

Rule 8.3

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR

(Rule 8.3 of the City Code on Takeovers and Mergers)
1. KEY INFORMATION

+-------------------------------------------------------------------+
| Name of person dealing (Note 1) | Jupiter Asset Management |
| | Limited |
| | |

|----------------------------------------+--------------------------|
| Company dealt in | Novera Energy PLC |
| | |

|----------------------------------------+--------------------------|
| Class of relevant security to which | Ordinary shares |
| the dealings being disclosed relate | |
| (Note 2) | |
| | |

|----------------------------------------+--------------------------|
| Date of dealing | 12 November 2009 |
| | |

+-------------------------------------------------------------------+

2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the

class of relevant security dealt in (Note 3)

+-------------------------------------------------------------------------------------------+
| | Long | Short |
| | | |

|---------------+--------------------------+------------------------------------------------|
| |Number |Number |
| | (%) | (%) |

|---------------+--------------------------+------------------------------------------------|
|(1) Relevant |5,098,066 (3.520%) | |
|securities | | |
| | | |

|---------------+--------------------------+------------------------------------------------|
|(2) Derivatives|- | |
|(other than | | |
|options) | | |
| | | |

|---------------+--------------------------+------------------------------------------------|
|(3) Options and|- | |
|agreements to | | |
|purchase/sell | | |
| | | |

|---------------+--------------------------+------------------------------------------------|
|Total |5,098,066 (3.520%) | |
| | | |

+-------------------------------------------------------------------------------------------+

(b) Interests and short positions in relevant securities of

the company, other than the class dealt in (Note 3)

+--------------------------------------------------------------------------+
|Class of |Long |Short |
|relevant | | |
|security: | | |
| | | |

|---------------+----------------------------+-----------------------------|
| |Number |Number |
| | (%) | (%) |

|---------------+----------------------------+-----------------------------|
|(1) Relevant | | |
|securities | | |
| | | |

|---------------+----------------------------+-----------------------------|
|(2) Derivatives| | |
|(other than | | |
|options) | | |
| | | |

|---------------+----------------------------+-----------------------------|
|(3) Options and| | |
|agreements to | | |
|purchase/sell | | |
| | | |

|---------------+----------------------------+-----------------------------|
|Total | | |
| | | |

+--------------------------------------------------------------------------+

(c) Rights to subscribe (Note 3)

+---------------------------------------+ | Class of relevant security: | Details |
| | |

|-----------------------------+---------|
| | |

+---------------------------------------+

3. DEALINGS (Note 4)
(a) Purchases and sales

+-----------------------------------------------------------+
| | Number of securities | Price per unit (Note 5) |
| | | |

|----------+----------------------+-------------------------|
| Purchase | 35,000 | 64.00 |
| | | |

+-----------------------------------------------------------+

(b) Derivatives transactions (other than options)

+-------------------------------------------------------------------+
| Product | Long/short (Note | Number of securities | Price per |
| name, | 6) | (Note 7) | unit (Note |
| e.g. CFD | | | 5) |
| | | | |

|----------+------------------+------------------------+------------|
| | | | |

+-------------------------------------------------------------------+

(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying

+------------------------------------------------------------------------------------+ |Product |Writing, |Number of securities|Exercise|Type, e.g.|Expiry|Option money |
|name, |selling, |to which the option |price |American, |Date |paid/received|
|e.g. call|purchasing, |relates (Note 7) | |European | |per unit |
|option |varying etc.| | |etc. | |(Note 5) |
| | | | | | | |

|---------+------------+--------------------+--------+----------+------+-------------|
| | | | | | | |

+------------------------------------------------------------------------------------+

(ii) Exercising

+-------------------------------------------------------------------+
| Product name, e.g. | Number of securities | Exercise price per |
| call option | | unit (Note 5) |

|--------------------+----------------------+-----------------------|
| | | |
| | | |

+-------------------------------------------------------------------+

(d) Other dealings (including new securities) (Note 4)

+-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) |
| (Note 8) | | (Note 5) |
| | | |

|-----------------------+---------+---------------------------------|
| | | |

+-------------------------------------------------------------------+

4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

+-------------------------------------------------------------------+
| Full details of any agreement, arrangement or understanding |
| between the person disclosing and any other person relating to |
| the voting rights of any relevant securities under any option |
| referred to on this form or relating to the voting rights or |
| future acquisition or disposal of any relevant securities to |

| which any derivative referred to on this form is referenced. If |
| none, this should be stated. |

|-------------------------------------------------------------------|
| |
| |

+-------------------------------------------------------------------+

Is a Supplemental Form 8 attached? (Note

9) NO

+-------------------------------------------------------------------+
| Date of disclosure | 13 November 2009 |

|------------------------------------------------+------------------|
| Contact name | Salima Premji |

|------------------------------------------------+------------------|
| Telephone number | 0207 314 4915 |

|------------------------------------------------+------------------|
| If a connected EFM, name of offeree/offeror | |
| with which connected | |

|------------------------------------------------+------------------|
| If a connected EFM, state nature of connection | |
| (Note 10) | |

+-------------------------------------------------------------------+

Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk

---END OF MESSAGE---

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

RNS Number : 4744C Oriel Securities Limited 13 November 2009

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS

BUT NOT DEALING IN A CLIENT-SERVING CAPACITY

(Rule 38.5(b) of the Takeover Code)

1. KEY INFORMATION
Name of exempt principal trader Oriel Securities Limited
Company dealt in Novera Energy Plc
Class of relevant security to which the dealings 5p Ordinary

being disclosed relate (Note 1)
Date of dealing 12 November 2009
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 2)
Long Short
Number (%) Number (%)
(1) Relevant securities 163,441 0.11% Nil Nil

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total 163,441 0.11% Nil Nil
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 2)
Class of relevant security: Long Short
Number (%) Number (%)

(1) Relevant securities

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

RNS Number : 4721C Royal Bank of Canada Europe Ltd 13 November 2009

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS

BUT NOT DEALING IN A CLIENT-SERVING CAPACITY

(Rule 38.5(b) of the Takeover Code)

1. KEY INFORMATION
Name of exempt principal trader Royal Bank of Canada Europe
Limited

Company dealt in Novera Energy plc

Class of relevant security to which the 5p Ords dealings being disclosed relate (Note

Date of dealing 12 November 2009
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 2)
Long Short
Number (%) Number (%)
(1) Relevant securities 0 0% 1381 0%

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total 0 0% 1381 0%
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 2)
Class of relevant security: Long Short
Number (%) Number (%)

(1) Relevant securities

(2) Derivatives (other than options)

(3) Options and agreements to purchase/sell

Total

LONDON, Nov 13 (Reuters) - British renewable energy company Novera Energy is reviewing interest from bidders in a minority stake in one of its operating wind farm assets.
The company, which is fending off a hostile takeover bid from Terra Firma-backed Infinis Energy, said in a statement on Friday the process was expected to complete in early 2010.
Alongside 46 landfill gas sites, Novera has just two operational wind farms - Myndd Clogau in Wales and Lisset in Yorkshire.
It has said previously it is looking to sell equity in its projects to raise cash for investment in new wind farms. Smaller operators in particular have found it hard to gain funding for projects during the credit crisis.
As the stake to be sold is in an operating wind farm, it is less risky and could therefore attract the interest of pension funds, as well as trade players such as utilities.
Novera also repeated its rejection of the 90.5 million pound ($150.4 million) bid from Infinis, saying the 62.5 pence per share offer substantially undervalues the company and its prospects.

(Reporting by Victoria Bryan, Editing by Paul Sandle)

($1=.6017 Pound) Keywords: NOVERA/ (victoria.bryan@thomsonreuters.com; +44 207 542 9688; Reuters Messaging: victoria.bryan.thomsonreuters@reuters.net)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

LONDON, Nov 13 (Reuters) - Novera Energy Ltd:

RNS Number : 4499C Novera Energy PLC 13 November 2009

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE

13 November 2009

Novera Energy plc

("Novera" or the "Company")

Further response to the extension of Infinis' Offer

The Board of Novera is today writing to Novera Shareholders in response to the extension of Infinis' Offer announced on 3 November 2009. As stated in Novera's circular to Novera Shareholders on 26 October 2009, the Board believes that the Offer of 62.5 pence per Novera Share made by Infinis substantially undervalues the Company and its prospects and recommends that Novera Shareholders reject the Infinis Offer.

The second response circular (the "Second Response Circular") posted today to Novera Shareholders highlights the beneficial new developments in the UK wind market and the progress that Novera continues to make in developing its wind portfolio. The Second Response Circular also addresses certain claims made by Infinis in its announcement of 27 October 2009.

Roy Franklin, Chairman of Novera, commented:

"In addition to Novera's attractive core operating assets, the Company has an exciting and valuable wind development portfolio. The tangible developments of the last few weeks including the Government's measures to ease the historic hurdles of grid connection and planning, improving conditions for financing and continuing progress made by our wind team with respect to planning applications all serve to highlight this point further and reinforce our strong belief that Infinis' Offer substantially undervalues the Company and its prospects. Our management team has continued to demonstrate it has the skills and experience to take our business forward and I urge Shareholders to retain their Novera Shares and reject the Infinis Offer."

The Novera Board, having been so advised by Hawkpoint and Oriel Securities, continues to believe that the Infinis Offer substantially undervalues Novera and its prospects and unanimously recommends that you reject it by taking no action. In providing their advice, Hawkpoint and Oriel Securities have taken into account the Board's commercial assessment. Novera Shareholders are strongly advised to ignore any documents that may be issued by Infinis or its advisers and not to sell their Novera Shares.

The following is edited text of the "Letter from the Chairman of Novera Energy plc" contained in the Second Response Circular.

"Dear Novera Shareholder,

I wrote to you in our circular of 26 October 2009 (the "Circular") setting out your Board's recommendation to reject the cheap and opportunistic Offer from Infinis. In the Circular, we explained the reasons why we believe that the Infinis Offer of 62.5 pence per Share substantially undervalues Novera and its prospects.

Since then, there have been beneficial new developments in the UK wind market and Novera continues to make progress in the development of its wind portfolio.

Tangible improvements in the ability to secure debt funding in the UK wind market