Aggregated Micro Power Holdings PLC FUNDING FOR BIOMASS BOILER PORTFOLIO (4435T)
July 20 2015 - 2:00AM
UK Regulatory
TIDMAMPH
RNS Number : 4435T
Aggregated Micro Power Holdings PLC
20 July 2015
Aggregated Micro Power Holdings plc
("AMPH" or the "Group")
FUNDING FOR BIOMASS BOILER PORTFOLIO
Aggregated Micro Power Holdings plc, (AIM: AMPH), the renewable
energy developer focused on biomass energy generation, announces
that it has secured funding for the financing of its biomass boiler
portfolio through Aggregated Micro Power Infrastructure Limited
("AMPIL").
AMPIL has completed a successful capital raise of GBP 4.8
million from established institutions taking total loan notes
issued to GBP6.7 million. AMPH will be able to use this facility to
finance its small scale biomass boiler portfolio which will allow
AMPH to generate development fees from its boiler pipeline.
Richard Burrell, CEO of AMPH, said: "This is a landmark
transaction. Our small scale biomass boiler business is doing well.
Our target at IPO in July 2014 was to develop GBP5 million of
boilers per annum and this latest fundraise by AMPIL enables us to
achieve this target. Our pipeline is very strong and we expect
further tap issues to be undertaken by AMPIL as more boiler
installations complete."
Note to Editors:
AMPIL is a special purpose vehicle which is wholly owned by The
Law Debenture Intermediary Corporation p.l.c. as trustee for
general charitable purposes. AMPIL issues listed loan notes on a
regular basis to fund a portfolio of renewable energy projects for
AMPH or other developers.
Aggregated Micro Power Holdings plc Tel: 020 7382 7800
Richard Burrell, CEO
Mark Tarry, CFO
www.ampplc.co.uk
finnCap Ltd (NOMAD & Broker) Tel: 020 7220 0500
Ed Frisby/Simon Hicks (Corporate Finance)
Stephen Norcross (Corporate Broking)
Haggie Partners (Financial PR) Tel: 020 7562 4444
Peter Rigby/Brian Norris
This information is provided by RNS
The company news service from the London Stock Exchange
END
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