Aggregated Micro Power Holdings PLC FUNDING FOR BIOMASS BOILER PORTFOLIO (8441G)
November 25 2015 - 2:00AM
UK Regulatory
TIDMAMPH
RNS Number : 8441G
Aggregated Micro Power Holdings PLC
25 November 2015
Aggregated Micro Power Holdings plc
("AMPH")
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 a second round of funding for the financing of
its biomass boiler portfolio through Aggregated Micro Power
Infrastructure Limited ("AMPIL").
In July 2015 AMPIL completed a successful capital raise of
GBP4.8 million bringing the total to GBP6.7 million from
established institutions. AMPIL has just raised a further GBP5.7
million, taking the total loan notes issued to GBP12.4 million.
AMPH will be able to use this facility to finance its small scale
biomass boiler portfolio over the coming months allowing AMPH to
generate development fees from its boiler pipeline.
Richard Burrell, CEO of AMPH, said: "Our small scale biomass
boiler business is doing well and we have a strong pipeline of
installations generating development fees for AMPH. This latest tap
issue by AMPIL demonstrates strong institutional demand for these
assets and we expect AMPIL to make further tap issues next
year."
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
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